Calculate Hub: Free for LDHA members
At Right Revenue we are passionate about Revenue Management and we want all hoteliers to believe that #RevenueRocks. We look forward to spreading this message in the Lakes Revenue Forum this year.
Therefore we are very excited to announce that as part of our partnership with the LDHA we are offering FREE ACCESS to our Calculate Hub to all members.
Calculate Hub is a suite of tools that help hotels analyse the foundations on which they have built their revenue strategy and help them build the pillars of their strategy for the future…
In short, Calculate Hub will help you:
Work out your cost of occupied room
Ensure each rate you sell is profitable
Analyse the impact of rate changes
And the icing on the cake… FREE access to our Group Displacement Calculator
Request access today
Cost Calculator
What does it do?
Enables you to easily calculate the important cost of occupied room metric, specifically for your hotel.
How does it benefit hotels?
Using our Cost calculator makes calculating this important metric faster, and easier and reduces the risk of errors. The tool also enables you to save your results meaning you can have multiple versions and offers full transparency for the team.
Rate Change Impact
What does it do?
The Rate Change Impact tool provides you with an analysis of how many more/less rooms you need to sell in order to achieve the same profit when you make adjustments to a selling rate.
How does it benefit hotels?
The tool gives hotels a clear (and sometimes surprising) insight on how changes to your rate impact the bottom line. Using this tool will provide clear visibility to the team on how many more rooms need to be sold every time a rate is decreased (or vice versa).
Group Displacement Calculator
What does it do?
The Group Displacement Calculator makes recommendations on whether to accept a group, or whether by accepting the group, the hotel might be displacing higher-rated business.
How does it benefit hotels?
This tool gives a data-driven recommendation on which is the best decision. This is backed up by statistical analysis. It means decisions are made using a consistent, data-driven, subjective decision-making model, keeping the hotels’ profitability as the priority.
Profit Predictor
What does it do?
The Profit Predictor allows you to quickly review the profitability of each of your hotels rates and package.
How does it benefit hotels?
It ensures that you and your team are aware of the most (and the least!) profitable packages and encourages a thorough review of all the rates you currently have available.