What is Room revenue planning?
Room revenue planning is where you review and update monthly room revenue forecasts and budgets. It replaces the Budget & Forecast page for Room revenue.
Budget & forecast
Topic
Budget & forecast
Do I have to change my budget & forecast manually every month?
The budget should be uploaded/entered once a year while the Forecast should be updated every month. Below are some steps on how to update the budget…
Budget & forecast
How do I set a productivity goal?
A good way to set a productivity goal (target) is to use last year as a reference and see if you can achieve similar or better…
Budget & forecast
How does the cost driver effect my hours and productivity?
Some departments (operational) have productivity as their main target, so when the cost driver changes, this will give the department more or fewer hours, depending on…
Budget & forecast
How can I see what the current cost driver is?
The cost driver is what drives the labor cost/hours in a department. The cost driver is what gives the department work to do. This could be…
Budget & forecast
Why are my budget and forecast locked?
When you enter a new month, the forecast/budget will lock for the current month. In most cases, this is a request from your Head Office to…
Budget & forecast
Where can I find the upload function?
In PMI you can upload your budget, forecast and actual data,. The Upload function is found in the main menu under the Administration column. From the…
Budget & forecast