The History and Forecast Report
The History and Forecast Report is a powerful tool that provides a clear picture of past reservation activity and anticipated reservations. By analyzing data from past and upcoming periods, hoteliers can make necessary adjustments to their business plans.
How to create a History and Forecast Report
To create a History and Forecast Report, follow the step-by-step guide provided in this article: How to create quick reports in real-time.
What does a History and Forecast Report include?
The History and Forecast Report divides data into two sections based on the selected period: History (the past period) and Forecast (the upcoming period). The report displays data for each day of a selected period, including:
- Date: The date to which the statistics apply
- Total Occupancy: The total number of occupied rooms
- Arrival Rooms: The number of rooms to which the guests checked in
- Departure Rooms: The number of rooms from which the guests checked out
- No Show Rooms: The number of rooms that have the No Show booking status
- House Use: The number of rooms for which the cost of the reservation is displayed as zero
- Occupancy %: Display of room occupancy in percentage ratio
- Room Revenue: Display of profit received from booked rooms in the hotel’s preferred currency
- Average Rate: The average profit from bookings in the hotel’s preferred currency
- Adults: The number of adults indicated in the bookings
- Children: The number of children indicated in the bookings
The Subtotal line displays the total data for the past and future periods combined. It is useful for determining trends and forecasting performance.
The History and Forecast Report is an essential tool for analyzing data, predicting trends, and making informed business decisions. The report provides information on occupancy rates, revenue, and booking details, making it an invaluable tool for businesses in the hospitality industry.
