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Group Quotation Tool Overview
Group Quotation Tool Overview

Leverage FLYR's forecasts and pricing intelligence to successfully manage group business

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Written by Nicole Adair
Updated over a week ago

FLYR Hospitality's Groups Quotation Tool complements our world-leading algorithms and real-time automation of your property’s dynamic pricing to fully optimize pricing intelligence across your core business segments.

How to create a group quotation

1. Enter "General Information" about your property and group

  • Property - Select the name of the property for which you are running this quotation

  • Name - Enter the name of your group (Best Practice - Use the identical name value as used in any other system, such as PMS or Sales & Catering)

  • Company - Select an associated company name from a list of values populated from PMS data we have received

  • Group Budget - Enter a gross revenue figure here if your group has provided this information

    • Total Budget = Full budget for all components of the group (e.g. rooms, ancillaries, etc.)

    • Accommodation Budget per Room = Budget for room rate only

    • Total Budget per Room = Full budget for all components of the group on a per room basis

    • Budget per Guest = Full budget for all components of the group on a per guest basis

Click Next


2. Select check-in and check-out dates for the group booking

Note: The calendar selector is inclusive of check-out date. Your block request will not contain an input for the final date in the range you select in this step.

3. Select the requested inventory types

You have three input options for inventory types. Our group quotation tool will support an inquiry of Any Inventory (Run of House), specific inventory type, or a combination of both.

  • Any Inventory - Select this option for a Run of House inquiry. Our engine will look to displace allocate rooms based on lowest amount of displaced revenue.

  • Specific Inventory Type - Select a specific inventory to calculate displacement and receive recommended rates for the indicated room type.

  • Comp Units - Select this option if you are offering complimentary units as part of your negotiation and want these rooms considered as a cost in your pricing analysis.

You can add additional inventory types by pressing Add Units per Inventory.

Input the number of units your group is requesting for each inventory type for each night of the block. You will be shown a value of how many units you currently have left to sell to the right of the input field.

The Nº Guests field at right will auto-populate with one guest per room. This value will be used for any variable ancillary charges that apply on a per person basis, and can be updated by clicking in the field.

Note: Once you've manually updated this value, the total will no longer auto-populate should you adjust the number of rooms requested.

Click Next


4. Input group ancillary revenue

Our group quotation tool allows you to account for both fixed and variable ancillary revenue types.

Fixed Ancillary Revenue are revenues this group will generate that do not depend upon the number of guests or rooms, such as rental space or a gross catering revenue amount.

  • Click Select Category and select your Ancillary Revenue category from the dropdown

  • In Type Gross Revenue, enter the gross revenue amount that will be contracted for this ancillary revenue category

Variable Ancillary Revenue are revenues this group will generate that do depend upon the number of guests or rooms, such as parking or a per person breakfast charge.

  • Click Select Category and select your Ancillary Revenue category from the dropdown

  • In Type Gross Revenue, enter the gross revenue amount per calculation basis (e.g. €15 per guest or per unit) for this ancillary revenue category

  • Click By Guest and select whether this gross revenue amount is charged per guest or per unit

  • Click All Nights to select for which nights this revenue will apply. You can select all (default), or any combination as best fits your needs.

Click Quote to load your Groups Quotation results.

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