Learning Objectives
In this lesson, you will learn how to...
1. How to view a booking pace.
2. How to view information displayed on a booking pace.
Booking Pace Overview
The Booking Pace is a very important report for hotels, because it measures your current property pace compared to your property goals. It allows you to:
Evaluate what has changed in guest room and event revenue as a result of new confirmed bookings, lost/downgraded bookings, block adjustments, and slippage.
See progress toward the property goal(s).
Compare current progress with Same Time Last Year (STLY) actuals.
Assess the available pipeline based on the number of prospects and tentative bookings.
Important Factors
There are a few important things to know about the Booking Pace:
In order for the report to pull complete information, the administrator must first create property sales goals. Please refer to the Knowledge Base article on how to set up goals and forecasts in Thynk .
This dashboard shows property sales goals, not sales goals for individual Sales Managers.
How to View the Booking Pace
To view the Booking Pace Dashboard, follow these steps:
At the Home Page, click on the ‘Thynk Dashboards' tab. If you don’t see this tab click on the ‘Applications’ (the 9 dots on the top left) and search for Thynk Dashboards. Click on it to create a ‘Thynk Dashboards’ tab for ease.
Click on ‘Booking Pace’.
The dashboard will run based on predefined filters, which you can change according to your needs.
‘Activity Range’ is when the business was booked. These are the defaults, but you can change the dates by clicking on the down arrow.
‘Consumption Range’ is when the bookings were consumed/picked up. This example shows you the default dates, and again, you can change the dates by clicking on the down arrow.
‘Business Segment’ shows all business segments by default. You can change this as needed.
‘Type of Revenue’ shows by default all your accounting categories. You can change this as needed.
As in other dashboards, you can download an image of this dashboard by going to ‘Share’ and clicking on the ‘Download’ tab and clicking on ‘Download as Image’ to receive a PNG file into your downloads folder.
To view notifications click on the notifications (bell) icon.
To set up notifications (maybe you want to know when the variance between your production and goal is at a specific threshold), there is a great ‘how to’ video if you click on the notification/bell icon, and click on the ‘See Video’ link.
On the bottom, in the section ‘On the Books’ you can see the details, which are explained below in this lesson. Click on the headers to sort ascending or descending. Click on ‘Open’ to view even more detail by Rooms or Revenue.
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