The Development Report
The Development Report is a tool that hoteliers can use to monitor and assess their property's performance. This report provides critical information on metrics such as profit percentage, nights booked, booked revenue, and invoiced revenue. It allows hotel owners and managers to track the performance of their properties by day, month, or year.
How to create a Development Report
If you are looking for a guide to creating a Development Report, please check this article: How to create quick reports in real-time.
What does a Development Report include?
The Development Report allows users to view their hotel's profit in % gained for different periods of time. These include:
- Today – displays the profit percentage for the day selected on the calendar
- This month – shows the percentage for the current month
- This year – presents the percentage from the beginning of the calendar year until the selected date on the calendar
- Every month of the year – this option allows users to view the percentage for each month of the year
In addition to these options, it also displays important key figures, such as:
- Nights – which shows the number of nights booked during a certain period and the ratio of their sales to the previous year
- Booked revenue – which displays the profit from booked services and reflects the overall demand for the hotel's services
- Invoiced revenue – which shows the profit from services that were included in the invoices
- The ratio of data for the generated periods
- Correlation of the current year's figures with those from the previous year
Graphical display of profit growth or decline
The report presents data in a user-friendly manner. When profit indicators are down, the data is displayed with a minus sign and a red down arrow. When the indicators go up, the data is displayed with a plus sign and a green up arrow. This visual representation makes it easier to quickly grasp and analyze the profit indicator for the period of interest.
In conclusion, the Development Report is a powerful tool for hoteliers who want to analyze the performance of their properties. By providing insights into various metrics and time periods, it can help hoteliers make data-driven decisions that can improve the profitability of their business.
