Revenue Center Forecast report

The Revenue Center Forecast report summarizes the short-term forecast for the upcoming week for all revenue centers. It is used to establish resource requirements, while comparing the accuracy of your projection and RMS's statistical projection. It is then printed and distributed to revenue center managers and discussed at the weekly forecast meeting. By the end of this meeting, revenue center managers should be prepared to provide final edits to their forecast.

Key information

  • The preliminary information for available guest calculations (if used) comes from the Sales, Catering, or Banquet departments. The final forecasts come from the revenue center department heads or designate.

  • Each revenue center consists of multiple periods, with their own KBIs.  

  • This report summarizes by revenue center.

Fields on the Revenue Center Forecast report

Field Description

Actual                  

Displays the actual business volume per segment that occurred on that day. This information is available after the forecast week has taken place.

Stat Forecast

Displays forecast per segment based on forecasting methodologies established in the system configuration process.

Stat Variance

Displays the variance between actuals and the statistical forecast per segment.

Manager's Fst

Displays the manager's forecast that you generated. These are the numbers that you feel the unit will do based on your experience. RMS will plan labor based on your edits.

Manager's Var

Displays the variance between actuals and the manager's forecast.

For revenue centers that calculate the size of the available guest market to forecast covers or dollars based on a capture ratio, the following is also available:

Term Definition

Actual Available

Displays the total number of guests available to the revenue center during this meal/time period on this day.

Forecast Available

Displays the number of guests forecasted to be available during this meal/time period on this day.

Forecast Variance

Displays the difference between the forecasted available guests and actual available guests.

Forecast Covers vs. Available

Displays the percentage of forecasted covers compared to the forecasted available guest market.

Actual Covers vs. Available

Displays the percentage of actual covers captured by the revenue center compared to actual available guests.


For more information: