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Forecasting

The following article describes revenue forecasting and analyses its processes.

Product Plan
Professional

What is "Revenue Forecasting"?

Forecasting means using our knowledge of the present and past to predict the future performance.. Unless you are an experienced revenue manager, it can be difficult to translate the number of bookings and average daily rate (ADR) so far into a reliable prediction for the months ahead.

RoomPriceGenie helps you predict future months’ revenue, occupancy, and ADR based on a combination of current bookings, historic performance, and data patterns — giving you clarity and confidence about your upcoming results.

How does the RoomPriceGenie forecasting work?

Before generating forecasts, RoomPriceGenie looks at your historical data and several influencing factors, such as:

  • Seasonality and day-of-week patterns

  • Price changes close to the stay date

  • Current bookings, prices, availability, and targets

All of this information is aligned so that the forecast reflects both confirmed and expected bookings.

Using these insights, the system:

  1. Analyzes past performance, demand patterns, and estimated occupancy to determine a likely average daily rate (ADR) for each upcoming day.

  2. Estimates how many additional rooms are likely to be sold and at what rate, based on a combination of current bookings and projected demand.

  3. Runs multiple simulations to balance different possible outcomes and generate a comprehensive forecast for Revenue, Occupancy, and ADR.


Note: Forecasts are independent of your current pricing settings.
They do not affect your pricing recommendations — they are purely informational. Use them only as a rough guide.

How do you set up forecasting?

Make sure you are on the Professional Plan or Professional Lite. 
Then you need to click on Reporting and then "Set budget"on thetop right.
  1. Set your budget for the year ahead
  2. Have at least one year of past data 
  3. Check whether Target Occupancy is a good target for you.
⚠️ These 3 values are used as the basis for your forecast.
  • The forecasting will automatically take place at the next dashboard refresh when these values are in.

1. The forecasting feature depends on past performance data.
If at least one year of historical data is not available for your property, RoomPriceGenie cannot generate an accurate forecast.

2. For more information about setup, please check Budget and Target Occupancy. 

What you will see

Each month, you’ll see your forecasted:

  • Total Revenue

  • Average Daily Rate (ADR)

  • Occupancy

These appear clearly in your reporting dashboard — within KPI cards and monthly trend graphs — giving you a reliable overview to monitor performance, inform decisions, and communicate with stakeholders.

Forecast Example 1

Forecast Example 2

How good is the forecast?

Forecasting aims to approximate future reservations and revenue as accurately as possible — but no forecast can guarantee exact results.

  • Predictions for the near term are more accurate.

  • Forecasts for further months out are less precise due to the number of changing factors.

⚠️ In short: Use forecasts as a rough guide to expected performance — not a promise.

Does the forecast affect pricing?

No. The forecast is totally independent of the pricing. It is for informational purposes only.

Value for the Customer

Value Point What It Means for You
Clarity Immediate insight into expected revenue — no guesswork.
Confidence Justify pricing or strategy changes with real data.
Time-saving Eliminates manual Excel models and outdated budgeting tools.
Better Planning Informs hiring, promotions, staffing, and marketing.
Independent & Reliable Forecasts are data-driven, not budget-dependent.