RevControl calculates the expected occupancy based on internal data such as historical statistics, current occupancy, pickup, and lead time, with different calculations for distant and near dates.
RevControl uses internal data to calculate the expected occupancy (forecast), focusing on your own historical statistics and current occupancy data. We do not use data from competitors, as their strategies and target audiences may differ.
Our algorithm considers several factors:
- Historical statistics: Past occupancy rates.
- Current occupancy: Actual current data.
- Pickup: Reservations made for a specific period.
- Lead time: The time between booking and the stay date.
The weighting of these factors differs for distant future dates versus near dates. For distant dates, we emphasize historical data, while for near dates, current occupancy and recent bookings are more significant.
This approach ensures that RevControl provides accurate forecasts tailored to your specific situation.