Advanced Technology for Hotel Forecasting and Budgeting
Broadvine’s Planning software module allows property managers and hotel owners to import and store historical budgets and actuals for more accurate planning. It standardizes the budgeting and forecasting process across your management portfolio allowing for week over week forecasting. The Planning module can be preloaded with historical budgets or users can create plans from scratch and apply drivers to improve forecasting.
- Data for all properties stored in one central location
- Review & edit budget and forecast data with ease
- Create driver-based budgets and forecasts
- Compare budgets or forecasts
How does it work?
Planning hotel budgets with Broadvine is driver based. Drivers offer formulas that can calculate property performance indicators like ADR, RevPAR, etc. We offer over 90 industry specific drivers to aid in this process.
Our drivers will allow property managers to define relationships between accounts, save managers time through automation, and perform reverse calculations. These calculations enable predictions of future performance based on historical data.
Property managers can pick and choose from this all encompassing list of drivers to generate a property specific formula that in turn increases the accuracy of a forecast.