The Booking Insights page is aimed to save you tons of time, bring new insights to light, and provide Revenue Managers, Property Managers, and Operators alike with an easy way to:
Understand your Pacing, how much revenue is on the books, and where it's coming from.
Set up advance A/B tests to quickly understand the impact of price limits, minimum stays, cancellation policies, or any other aspect of your strategy.
Precise budget tracking to ensure you stay consistently ahead of budget expectations to impress your teammates, owners or other stakeholders.
Analyze Year-over-year data to enable your team to easily see your prior performance.
Learn through segmentation by filtering your portfolio to gain a precise understanding of your revenue drivers.
Track Total Bookings, or Bookings in the last 14, 7, or 3 days to determine how much Revenue occurred in these given time ranges.
Toggle between Revenue and Booked Nights to recognize how many nights are still available.
Un-Stack totals to do a side-by-side comparison of how sales are changing week-to-week to identify spikes, trends, etc., and scope out opportunities for optimization!
Filtering by Booked Nights is an incredibly effective way to look at multiple properties in a marketplace! Because, even though your pricing may be different between your four-bedroom and one-bedroom listings, they all have the same number of nights in the month.
Time ranges allow you to compare sales week to week, month to month, etc., and identify trends accordingly.
Leverage A/B tests to ensure you have a complete understanding of your listings, market & booking trends.
To create a quick A/B test:
Click the 'Compare' button on the top left.
Next, you'll want to filter one and/or the other set.
You can filter based on a number of criteria, such as:
number of bedrooms/bathrooms
and many more...
Budget tracking provides valuable insights for making informed decisions. You can set up a budget within Wheelhouse in a matter of seconds.
To create a monthly Budget:
Click the 'Configure Budget' button on the top right.
Click the pencil icon next to each listing to enter a monthly budget.
Budget Total - entering a number in this section will evenly distribute the budget across all the months.
Monthly - additionally, you could enter a different budget for each month in the Monthly section.
Once all the monthly budgets have been entered, click the 'Exit budget view' button on the top right to save.
To see year-over-year data, all you need to do is click the 'Same time last year' button on top!
Segmentation and Filtering
Filter your portfolio around any attribute, location, inventory type or more, to gain a precise understanding of your revenue drivers.