How do I calculate ARR and ADR?
ARR stands for average room rate while ADR stands for average daily rate. ARR and ADR are the same when looking at a single day, but…
Live forecast
Topic
Live forecast
What is the difference between Forecast and Live forecast?
The forecast is your monthly target and expectation before entering a new month. This should not be changed during the month.
Live forecast
How 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…
Live forecast
What are Pickup statistics?
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…
Live forecast
How do I reset the pickup for a full month?
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…
Live forecast
How do I submit my Live forecast to forecast?
Every month, usually with a deadline of the 20th to the 25th of the month, you need to freeze the forecast for the coming month or…
Live forecast
What are the seasons in PMI?
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…
Live forecast
What are covers?
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.
Live forecast
Why do I have a red triangle to the left of the date?
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…
Live forecast
Why does on the books in PMI not match what we have in our PMS?
PMI imports on the books figures from your PMS system every morning. There could be several reasons why the figures do not match:
Live forecast