This article explains what the guest nights factor is, why it matters, and how it works in PMI. What is the Guest nights factor? In PMI, you forecast room nights — how many rooms you expect to sell. Guest nights are not forecasted separately; they are calculated...
This article explains how to copy values from last year, budget, or forecast into the live forecast for a selected month using the Copy to live forecast tool. Overview The Copy to live forecast tool allows you to overwrite the selected month in live forecast with...
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...
Purpose Compiling revenue streams in PMI is a key step in building a complete and actionable P&L budget. It helps General Managers translate strategic goals into detailed financial plans—ensuring each revenue item is forecasted, tracked, and aligned with...
Purpose The PMI Planning module is the central workspace for forecasting, budgeting, and aligning operational plans with financial goals. It enables General Managers and Financial Controllers to plan labor, revenue, and costs based on historical data, business...
Objective This guide shows you how to run Express planner to generate automated monthly revenue and labor hours forecasts for your property in PMI.Requirements User access to run Express planner for your property Access to the Budget & forecast module Forecast...
Purpose Express Planner streamlines the target-setting process by automating calculations, helping users avoid time-consuming manual work. It enables users to set monthly targets up to 24 months in advance, based on room forecasts, history and predefined business...
Objective This guide helps you configure or revise Express planner settings to improve forecasting accuracy for your property. Express planner's forecasting accuracy depends on proper configuration of three key areas: General setup, Ancillary revenue, and Labor hours....
If a profit center in the Live forecast is set to automatic driver, that driver can change from day to day. It is important to look over the figures in the Live forecast every day, and if they look good, click Save. The last saved version from the Live forecast are...
This update is a new look and feel of the Live forecast page, along with some new features to help with the daily and monthly tasks of checking and updating the Rooms live forecast in PMI. This was released to pilot only in December of 2023 and will be rolled out...