Is it more profitable to manage your event room blocks in-house or through a 3rd party accommodation management provider?
Hotel commissions and rebates can quickly add up. Given the revenue potential, planners should know whether there is a business case to be made for taking Housing in-house. At Meetingmax we have created a new tool that will help you determine if it's more profitable for you to manage your room blocks on your own or if you should involve a 3rd party. This new tool is called the Housing ROI Calculator, also known as Roi (pronounced Roy). Roi exists to help event managers calculate their ROI on room block management.
Roi wants to know...are you leaving money on the table by using a third-party accommodation management provider?
Simply enter your unique data and Roi will let you know if in-house management may be more profitable for you than having a 3rd party involved. Meetingmax will not save any data shared with Roi. This new tool is currently in BETA version but the first feedback is very encouraging. Calculate your ROI now. To get started you'll need your event room night volume, average room night rate, commision and rebate info, and the number of hotels contracted for your event.
Who else should know about this tool?
Should you know of anyone else who could benefit from the Housing ROI Calculator, please don't hestitate to forward this post or tell us who we should talk to.