Outcome vs Historical For future dates, the pickup column displays the difference between on the books/Revenue driver and the last saved Live forecast. In the pickup column, you can revise or adjust how many rooms/covers/revenue you expect to end up with each day,...
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...
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,...
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...
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...
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...