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Glossary

Pace

Rooms and revenue on the books for a future month against the same month at the same point last year, per property and per segment, from reservation snapshots. Behind in one segment while the comparable set is ahead is that segment's sales problem, not the market's.

DefinitionRooms and revenue on the books for a future month against the same month at the same point last year, per property and per segment, from reservation snapshots. Behind in one segment while the comparable set is ahead is that segment's sales problem, not the market's.

Needs snapshots

The reservation system holds today's view. Pace needs last year's view at the same point, kept.

Pickup against history

Budget minus on the books is the pickup needed. The property's own past pickup from this point says whether it is reachable.

How it is computed

Rooms and revenue on the books for a future stay month, compared with what was on the books for the same month at the same point last year, by segment.

Example

For November, 4,200 room nights are booked against 4,650 at this date last year: 90 percent. Corporate is at 78 percent and group at 104.

Where it goes wrong

Read in total. The segment that is behind is hidden by the one that is ahead.