Room Live Forecast: Table explained

Contents:

What and how

Screen explained

Adjust pickup on total segment level

Adjust pickup on segment level

Calculations

What and How?

Useful to view and adjust your Live forecast at a day-by-day level. Depending on your specific property you can adjust the pickup on either total segment level (the entire lump sum) or segment level i.e. Crew, Business, Complimentary and so on. We recommend you review and adjust the figures in the table or daily to ensure the Live forecast for the coming 3 weeks is a accurate as possible. Switch between table and graph views with the icon in the top left corner. All changes made reflects in the graph. Changes cannot be made to passed days, only current and future days. Revenue changes not made here. Use “Undo unsaved changes” to reset changes not yet saved. When the date picker is in the default selected period, Month or Months, click on a future date and use the text box in the pickup column to adjust your Live forecast. You can add/edit notes on a daily basis, this can be viewed in the graph.

Screen explained

The screen is divided into 3 sections: Room nights/Guest nights, Average room revenue and Revenue. General button logic applies for this module as in all other modules in PMI, i.e. blue is an action required or not done (i.e. unsaved changes) and white if option to make a change exists, but not a call for action.

Detailed description of the comparative data.

  1. Set of arrows (on the top right corner) allows you to scroll to the left/right on this screen
  2. Export icon, print the table in excel and pdf format.
  3. Columns in the table are selected in the view settings. Hover over headers, a brief explanation appears, Room Nights/Guest Nights, Average Room Revenue and Revenue (see below for the listing)  
    • Last Year – Last year displayed by same date or weekday, depending on view settings. Lets you compare red apples to red apples
    • Budget/Target- Your submitted budget/target
    • Forecast – Your submitted monthly forecast
    • OTB – latest imported on the book figures with a date stamp. PMI works optimally when updated daily
    • Tentative – latest imported tentative figures with a date stamp. PMI works optimally when updated daily
    • Pickup – Make your changes on total or segment level for a specific day. This is property specific. Please check with your Controller to confirm
    • Live forecast – Your last saved forecast. Days in the past show actual results
    • Act vs Live forecast – How accurate is your forecasting on a daily level? How much in % value was realised in correlation to the Live forecast
    • PMI Prediction – A fully automated forecast generated by PMI’s algorithm, created without any human input. Click on a specific figure in the future and a popup with all the relevant data appears. More information follows below. Click on a specific figure in the future you and understand how it came to be
  • Robot icon – PMI updates the Live forecast. Click on icon and
  • It changes from automated to manual icon for that specific day. Text box is activated, add in your values. Text box for the ARR pickup also activated. We recommend you double check ARR and adjust as needed. Don’t forget to Save. To reset, click “Undo unsaved changes” on the table/graph tile
  • All changes made in the table are displayed in the graph, and throughout the various modules in PMI.
  • Import icon – The live forecast is imported from external source
  • Weather icon – for passed and upcoming days updated daily

  • Notes can only be added or edited for one day at a time in the table. Notes can be viewed on the graph and Management Perspective and so on. 3 gray dots indicate no notes for a particular day. Hover over 3 gray dots, click to activate. Add your comment and save. 3 blue dots now appear, a comment is saved. Hover over it, click to activate and read or edit the comment. Example of a note can be anything from a last minute cancellation that affected the numbers negatively or a large flight cancellation that added a spike in the numbers.

Adjust pickup on segment level

  • Don’t forget to save. “Save” changes from gray to blue in the top right corner of the table/graph tile.

Adjust pickup on total segment level

  1. Don’t forget to save. “Save” changes from gray to blue in the top right corner of the table/graph tile.

Calculations

What is the PMI prediction algorithm? When clicking on a specific date in PMI prediction column, the PMI forecast algorithm appears. Here you have an overview of which historical dates was used to predict the day and those not used.

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