Forecast
He is the creator of the "Monte Method" forecasting model
Who is Monte Gardiner?
This graph shows the evolution of the BWH Rate, Market Rate and Pickup
What is the last 7 days trend?
The weekly 365 day rate recommendations are generated on this day
What is Sunday?
This is always the priority on the Default season
What is the Lowest?
This incredibly helpful person worked with the technology team to help develop BestREV 2.0
Who is Michael McConnell?
The number of forecast models utilized by BestREV
What is 5?
The Occupancy Widget shows the current occupancy, forecasted occupancy and this
What is the last year final occupancy?
A recent update allows this to display all of the time, instead of just on Sunday
What are Competitor Rate Shops for all 365 days?
You go here to set a rate rounding rule
What is the settings page?
This is what indicates that there has been a change since the last time the hotel was optimized
What is the green asterisk?
This model utilizes the historical booking snapshot data and calculates the average of the top matching booking curves
What is the Booking Curve model?
The arrow indicator above the hotel's ADR indicates this
What is the current ADR for the given arrival night in comparison to the same day last year?
This formula is for what column: "Physical Capacity plus Overbooking (if any) minus Out-of-order minus (Group Booked plus Group Blocked)"
What is Transient Capacity?
This tab in the Rules screen is where you go to place your rate boundaries
What is the Rates tab?
This is where you go to see all nights where a hotel is projected to sell out.
What is Ask BestREV?
These three models are examples of this type of forecast: "FBProphet, XGBoost, Deep Learning"
What is Machine Learning (or ML)?
These 5 items, Group Booked, Group Blocked, Out of Order, Transient Booked and Physical Capacity, display in what widget?
What is the Inventory Widget?
You can find the Current Revenue and Forecasted Revenue here
What is the KPI tab?
Here is where you set the recommendation priority minimums and maximums
What is the Autopilot tab?
You go here to most easily clear the app data from the web browser
What is the Help button?
This process compares all 5 forecast models vs. actual and re-chooses the optimum model for each hotel
What is Pick Best?
These two items are only found on the Home screen
What are the 7 days trend and monthly incremental revenue?
This is where you go to create a custom search
What is Manage Search?
This is the Increment/decrement currency value for the secondary room type
What is the derived rate?
The alert "BWH Rate less than market rate with forecasted occupancy above 90%" can be found here
What is the Home Page