Projecting Group Revenue

  

For most hotels, knowing when to permit groups to book with your hotel and when to decline a group booking are integral to maximizing on profits. In most cases, these properties will compare the revenue a group may potentially generate against a Displacement Analysis, a report typically generated by the property to account for possible transient An individual booking not associated with a group. revenue they may lose by allowing the group booking in comparison. Of course, some properties just like to know how much revenue the group is planned to bring in for other reasons, but the point remains the same.

To make this process easier, each group booking in Chorum provides the Projected Revenue report, generated by clicking the button of the same name in the Show ribbon of the group booking.

From this menu, Chorum provides an overview of your property's availability against the rooms blocked by the group, in addition to picked-up A pick-up refers to an individual room blocked for group use being converted (or "picked up") into a guest reservation. rooms. For revenue beneath the blocked column, this indicates the maximum possible revenue taking into account all blocks in addition to the rate expected to apply to each block. Likewise, the picked-up column indicates confirmed revenue so far, based on those bookings that have been converted from blocks to reservations, and barring cancellations or no-shows, is the actual revenue to be brought in by the group.

During and following the group's stay, note that any incidentals Incidentals refer to any additional charges accrued during a guest's stay that are not a part of their normal room charges, such as pay-per-view billing or other premium on-demand services., packages, or special requests will also factor into the group's revenue on this menu.