The Godo Managment Reports are a powerful tool to see how your business is performing and gives you an instant comparison to previous dates and periods.
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Below you will find key information about calculations, terminology and other useful information that is key to know before you get started learning and using the Godo Management Reports.
Before you dive deep into the Management Reports, it's important to read about the Suspicious Amounts Report first, as that report may give you an indication if any prices are incorrect in Godo Property.
All articles about the Management Reports:
1. Navigating to Management Reports
2. Using Filters
3. Snapshot Report 4. Cancelled Bookings
5. Statistics Report
6. Statistics per Room Type Report
7. Comparison KPI Report 8. Cancellation Comparison KPI Report
9. Booking Window Report
10. Booker Channel Report
11. Booker Info Report
12. On the Books Report
13. Pace Report
14. MoM Report 15. Suspicious Amounts Report
16. Prediction Report
Property financial terminology:
ADR (Average Daily Rate):
This key metric is used to measure the property profitability. The metric shows how much it is possible to charge or has been charged for a room during a certain period or any given day. This metric can also be used to predict, spot and see seasonal trends.
RevPar is an abbreviation for "Revenue Per Available Room" and this metric willl measure the properties performance. It should show the properties ability to fill the available rooms at an average rate. The RevPar is calculated by multiplying the ADR with the occupancy (ADR x Occupancy %).
Godo Management Reports will calculate the total room charges for a given booking and add that together to formulate a sum of many bookings to display in the reports.
A booking window represents the time between a customer (booker) booking a room and that the customer arrives at the property for their stay. The booking window describes how far in advance guests book their stay.
Booker channel showcases where the booking originates from. Which source did the booking come from into my hotel system. An example of a Booker Channel is Booking.com or Travia.
The booker info (or Booker information) is used in the Management Reports to show the nationality of the booker.
The booker customer is the customer that is assigned to the booking and is the payer of the booking.
On the books:
This term is used in the report to see what I have on my books at the selected date for the future.
A pace report shows you how the bookings from the past X time period are distributed for the future months. This gives an indication for the created bookings in the past X period and when the guest will check-in at the property.
Report specific terminology:
The report is refreshed every 24h, which means that the newest bookings will always be represented since yesterday.
The currency calculations in the report are based on the check-in date of each booking. Once the check-in date has passed, the currency exchange rate is fixed to the value of the check-in date. The financials will fluctuate in the report based on the currency exchange every day. The report uses the mid-market rate of the Central Bank of Iceland.
This is calculated by multiplying the total rooms at the property by the number of days in each month. If the rooms are blocked, they are deducted from the available rooms and will be shown as Out of Order Rooms in the report.
This is the total number of nights sold in the given time period. Please note that the report calculates each date of stay, which means that if a booking will have a check-in in one month and check-out in another month, the report will show that particular booking in both months, depending on the number of nights sold in each month.
The occupancy is calculated by dividing the number of nights sold by the number of available rooms.
The cancellation ratio is displaying the percentage of bookings that have been cancelled for the given time period. This is calculated by dividing the cancelled bookings with all bookings at the property.
Should there be extra items on the booking they are calculated in the field for extra charges. This is to showcase how much extra there has been sold at the property apart from room revenue.
The total charges is a calculation by adding Room Charges and Extra Charges together.
This is an abbreviation for "Month over Month". In the Management Report this showcases the progression month-over-month for the future or the past.
KPI is an abbreviation for Key Performance Indicators. This word is widely used in the report that highlights metrics that GODO considers as Key Performance Indicators for anyone using the reports.
In general Pax is an abbreviation for "passenger". The Pax is calculated by adding both number of adults and children.
Next Report: Using Filters
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