Non-Rooms PMI Prediction provides an automated daily forecast for non-room revenue and activity drivers. It helps you build a more accurate Live Forecast by identifying patterns, seasonality, and trends unique to your property. The system updates daily as new data is received. Availability: Non-Rooms PMI Prediction is only available for chains...
Summary This article explains how to use PMI Prediction effectively through collaborative forecasting — a method that combines automated system forecasts with your own expertise. It covers when to review and adjust forecasts, how to interpret forecast details, and how frequently forecasts are updated. The goal is to support more accurate,...
What is sense check mode? Sense check is a feature to help minimize errors in your data. It highlights potential errors and values that seem extreme so you can review, correct or validate as needed. Sense check appears as an option on other pages in PMI that have data tables, including the new view of Rooms Live forecast. How to use sense check...
This article relates specifically to the Personal view options that are on the new view of the Rooms live forecast. This new view is currently in pilot phase with a number of properties. Read the article Live forecast tools and personal view settings for details on the personal view settings in other PMI Live forecast pages. What are the...
What is PMI prediction in the Rooms live forecast? PMI provides an automated daily revenue forecast to allow for easy and accurate revenue forecasting. It uses historical data to identify seasons and trends, and adapts to specific properties over time, based on their pattern. For more details, please see the article PMI prediction explanation....
Each week, the Rooms Live forecast should be reviewed to ensure that the Live forecast for the coming weeks is realistic. This process consists of 3 simple steps: Review:Review the Live forecast at period level compared to the Forecast, Budget, PMI Prediction and Prior year. Look at the past week and ahead at the next 3 weeks. Evaluate if...
What is the Rooms Live forecast? The Rooms Live forecast in PMI is a daily revenue forecast which allows you to forecast room nights and average room rate (ARR), which then gives you the total expected room revenue per day. It is a rolling forecast which is updated daily depending on the latest expectations due to changes in the market, new...
What are pickups?Pickups are the difference between what is on the books and the Live forecast. For past days, a positive number shows the number of pickups that exceeded the Live forecast, while a negative number shows how many pickups were missed. Once the day is past, Live forecast figures become actuals. If you hover over the Live forecast...
What is the Copy (Submit) from Live forecast process? A forecast is used as a monthly revenue goal. Once set, it does not change. The Live forecast, however, is a rolling forecast, which is regularly updated with the most recent data available.  To set a revenue forecast, PMI (Performance Management Intelligence) recommends using the Live...
What is PMI prediction? PMI uses a combination of machine learning (ML) and statistical models to automate forecasting of revenue and units (covers, room nights, guest nights etc.). It uses historical data to identify trends (seasons) and adapts to specific properties over time, based on their activity. How is PMI prediction calculated? You can...
What is Pickup and how is it used? In the Live forecast there is a column called Pickup. This is the column used to make adjustments to your Live forecast at a daily level. For room/guest nights, a positive value indicates an increase to the OTB (or Driver Based, depending on settings), a negative value indicates a decrease. For Average Room Rate...
Summary This summary helps you to get a quick overview of your bookings on the books for a certain period.The Segment OTB report displays on-the-books data as of a specific snapshot date (shown in the red box on the report). This date determines the exact moment in time the data was captured. To compare Segment OTB with Live Forecast or Pickup...
What is a revenue driver? A revenue driver is what drives the revenue of a department. For example, if more guests are staying at a hotel, the restaurant can expect to generate more revenue. There is often more than one driver that impacts revenue in a department. A driver-based forecast uses these drivers to forecast for the department. For...
What are the tools in Live forecast? Available Tools and View Options will vary depending on your property’s Live forecast set up, the department you are viewing, and your user access rights.  Pickup Statistics: Click here to review and analyse the booking pattern for the different Segments and the ARR (Average Room Rate). Reset Pickup: this...
There are several ways to configure the Live forecast which will affect how the Live forecast is calculated. Changes are done using configuration settings via the tools icon in the top right corner of the screen. This is only visible to users with appropriate access rights.Room revenue Live forecast Enable Live Forecast Arrivals, Departures,...
What is the Live forecast? The Live forecast in PMI is a daily revenue forecast. It is a rolling forecast which should be updated daily depending on the latest expectations due to changes in the market, new reservations, cancellations, etc. A Live forecast is created for all areas of the business that generate income. This includes room revenue,...