The Budget feature in RevControl allows you to manage budgets and track performance against targets. Budgets are entered monthly, and RevControl automatically calculates the daily budget by dividing the monthly total by the number of days.
The Budget functionality in RevControl helps you enter and manage budgets. It allows you to monitor your current performance against your targets. The budget is entered per month, and RevControl automatically calculates the daily budget by dividing the monthly budget by the number of days in that month.
How to enter a budget?
- Go to Settings > Business rules > Budget.
- Enter the budget per month for:
- RN (Room Nights): Sold rooms, beds, or units.
- ADR (Average Daily Rate): Average room rate.
- Rev (Revenue): Total room revenue. This is automatically calculated based on RN and ADR.
- Enter F&B revenue and Other revenue at the total level (i.e., not per segment).
- RevControl will automatically calculate the daily budget by dividing the monthly budget by the number of days in the month.
Tip: If you do not use segments, you can enter the total budget in the first segment.
Would you prefer to set a daily budget? Contact our Customer Success team via email or chat.
Tip: Budget Optimization
Regularly update your budget based on performance and trends. This allows you to proactively respond to market conditions and adjust your budget as needed.