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...
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 Non-room revenue departments that have a daily OTB import in PMI, there is an option to use a combination of both OTB and driver-based forecasts to create the Live forecast. This is the recommended set up for departments such as Meeting & Events (M&E). ...
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...
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...