Objective This guide shows you how to run Express planner to generate automated monthly revenue and labor hours forecasts for your property in PMI.Prerequisites 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...
Video tutorial playlists Welcome to our comprehensive collection of PMI video tutorials, organized by topic to facilitate your learning journey. Whether you’re new to PMI or seeking to deepen your expertise, these playlists offer structured guidance across various...
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...
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...
The forecast is your monthly target and expectation before entering a new month. This should not be changed during the month. Live forecast is a rolling forecast that is updated regularly throughout the month, depending on your latest expectations due to changes in...
A new method is now used to calculate the Arrivals and departures forecast figures shown in the cockpit module. Previously, it looked at the data from the same month last year, and calculated the average length of stay, then used those numbers to populate the cockpit....