Revenue Management Tools
A simpler and more efficient approach to pricing group booking requests. Group bookings play a large role for many hotels, whether your property focuses on events and conventions or attracts leisure travel groups.
Group Booking Pricing Module
How it works
Like everything at Atomize, the Group Booking Pricing Module is simple, effective and easy to use.
To determine the ideal group rate it considers factors such as:
The size of the group
Use of hotel facilities
Arrival and departure dates
Type of rooms
After entering the group’s details into the system and confirming, Atomize immediately calculates the current optimal group rate.
You’ll also get a secondary price which is the lowest rate you can offer in a negotiation. If the group wants a lower rate, from a yield perspective you’d be better off selling your inventory on the open market instead.
What you can gain from it
Since groups often request proposals from multiple hotels, having a tool like Atomize can set you apart from the competition.
Not only will you be able to offer a competitive rate in line with the market, but you’ll also send it out before your competitors have even had the time to do their first round of calculations.
On top of that, you’ll know which price will bring you the highest revenue and profit for your hotel, so you can make data-driven decisions on which business to accept in the blink of an eye.
If you’re curious to learn more about this powerful tool and want to be the first to know about our other updates, contact us.
Most recent updates
Atomize just released a great improvement to the Group Booking Pricing module – a tool that helps Revenue managers to instantly calculate the optimal rate for groups.
The module now presents not only the total recommended price and displaced transient revenue for the group, but also more details such as prices per room type and date.
Another addition is the possibility to email yourself the group pricing recommendation with just one click so that you are able to save the recommendation for future reference. With this information at your fingertips instantly, you will be able to quickly respond to quotes being sure that the price you are suggesting is competitive and will help you to decide which group quotes to prioritize.
Keep a lookout for more enhancements to the Group Booking Pricing module as it is continuously being improved and developed!