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We’re diving into the Live forecast module in the PMI. This tool is essential for forecasting across all departments at your property. Let’s explore how to use it and make the most of its features. Overview Summary: The Live forecast module in PMI is designed to help...
In this video, we’ll guide you through the Live Forecast module in PMI. This tool is essential for effective staffing, maintaining service levels, and managing labor costs. Whether you’re a Food and Beverage Manager, Financial Controller, part of the Revenue Centre,...
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...
What do I copy to Live forecast? You can sync your current Live room forecast with last year's data, the budget, or the most recent forecast you submitted. To do this, click "Copy to Live forecast" in the Tools menu of the Live forecast module. You will then have the...
Pickup Statistics show how your on-the-books figures (booked rooms, rates, revenue, etc.) change over time. They help you track increases or decreases in different segments and provide insights into your property’s overall booking patterns. You can access Pickup...
There are 2 different ways to reset pickups for future days. From the Tools menu of the Live forecast module, you can choose to Reset Pick up, which will zero out the pickup columns for the remainder of the month. Alternatively, you can click on the calculator (or...
Seasons in PMI are automatically defined periods that group together historical dates with similar booking behavior or activity levels. They help PMI make accurate forecasts by comparing upcoming dates with past periods that behaved in a comparable way. How Are...
Covers are the number of guests served in restaurants, bars, and M&E at some properties. Please note that beverages are not commonly counted as covers.
A red triangle is related to the revenue driver. It highlights that for a specific segment, PMI does not have enough seasons or historical data to calculate the revenue driver. In this case, PMI looks at the last 50 days to give a suggestion. If you have a new...