Booking Pattern

In a Limited Data Build, you provide G3 RMS with two pieces of information to replace the missing historical data: Booking Patterns and your rooms and revenue Projections.

By selecting patterns, you help G3 RMS understand the Booking Pace Measures how the occupancy changes as the arrival date approaches. It shows the speed at which reservations are booked. and Wash The drop in occupancy due to cancellations, no-shows, group cut-offs, etc. For future dates, the percentage is the expected drop for the Peak Demand. For past dates, it is the expected wash as of the last optimization. of each market segment. In other words, how your business picks up and cancels across the booking window. Because the system can't derive booking patterns from historical data, you select another source. For example, you can choose a generic property with similar booking curves. When your property has enough usable historical data, you switch to using your own data.

Setup Steps

Click , then Forecasts, and then Limited Data Build.
Click the Booking Pattern tab.
Select the source of the property's booking patterns. See Best Practices for help with this selection.
Click Save.
If the pattern source is "My property," you are done. Otherwise, use the Specific Similar Property or Generic Property topics in the Data Details section to complete all fields.

Data Details

A Specific Similar Property

Complete the row for each Market Segment following these steps, then click Save.

Market Segment	The property's market segments. If your property has reached Data Capture Mode A step that G3 RMS goes through when building a new property. During this set-up step, G3 RMS has received the property's data, but the data is not yet saved in the G3 RMS database. The System Date is today., the market segments are imported directly from your Reservation System The primary reservation system, like a PMS or CRS, that provides data to G3 RMS. The data from that one system is used by the RMS to forecast, optimize and produce controls. The controls are sent to all selling systems, which for some integrations may exclude the reservation system.. Otherwise, they reflect how you set them up in the Market Segment tab.
Clone Property Code	Select the code of the property from which you want to use the booking patterns. If you select a Property Code, the Property Name field auto-populates. You can select a different cloned property for each market segment.
Clone Property Name	Select the name of the property from which you want to use the booking patterns. If you select a Property Name, the Property Code field auto-populates. You can select a different cloned property for each market segment.
Clone Market Segment	Select one or more market segments from the list of the clone property's market segments that have the same business type (Group or Transient) and pattern as your market segment. Note that the market segment must be attributed before the clone property’s market segments will display.

A Generic Property

Select a booking curve for each Market Segment, then click Save.

Market Segment	The property's market segments. If your property has reached Data Capture Mode A step that G3 RMS goes through when building a new property. During this set-up step, G3 RMS has received the property's data, but the data is not yet saved in the G3 RMS database. The System Date is today., the market segments are imported directly from your Reservation System The primary reservation system, like a PMS or CRS, that provides data to G3 RMS. The data from that one system is used by the RMS to forecast, optimize and produce controls. The controls are sent to all selling systems, which for some integrations may exclude the reservation system.. Otherwise, they reflect how you set them up in the Market Segment tab.
Booking Curve	Click Select Booking Curve for the market segment. If a booking curve was selected previously and you need to change it, click the edit icon . The Select a Booking Curve window opens.
Display booking curves for	Select the property type that best describes your property, for example, City or Resort. Based on your selection, G3 RMS shows the appropriate booking curves. You can use different property types for each market segment.
Show booking window	Select the type of booking curve to show fewer booking curves. By default, both are selected. If reservations for the market segment are expected to book nearer to the arrival date, clear the LONG checkbox to hide long booking curves. If reservations for the market segment are expected to book further in advance of the arrival date, clear the SHORT checkbox to hide short booking curves.
Booking Curves	G3 RMS displays common booking curves for the property type selected and with the same business type as the market segment. From the right to the left side, it shows the change in On Books % as the arrival date approaches. At 0 Days to Arrival all curves end at 100 for On Books %, meaning that all bookings for the market segment have been made. Choose one that most closely resembles the booking pattern for the market segment, using the following interactions: Point to a curve to see On Books Percentage and Days to Arrival details for any data point. To hide curves that are not needed, click their name in the chart legend. If you are uncertain about which booking curve to choose, select your best guess. System learning will revise the pattern over time if the business does not materialize exactly in line with the curve. Your subscription may allow for changing the selection and re-running the build process, if needed.
Select a Booking Curve	Select a curve using one of two methods: Click a specific line in the chart. Select the curve by name from the Select a Booking Curve menu. Click Apply.
Average LOS	Enter the average length of stay for the market segment, for Transient market segments only.
No Show %	Enter the percentage of business that typically fails to arrive on the arrival day and doesn't cancel, for Transient market segments only.

Best Practices

Select the Optimal Source for Your Booking Patterns

The available sources of booking patterns varies by property. The options below are sorted by preference, with the optimal source first.

My property: this option is available when G3 RMS has received more than 110 days of data extracts Files with new and changed booking data that G3 RMS receives from the reservation system. It includes reservations, group blocks, and inventory summary data. Also called Snapshots or Daily Extracts. with pace. If that's the case, you see a message above the pattern options. This can occur either before or after the first Limited Data Build process runs. Your own data provides the best patterns, and we recommend using this option when it is available. If you select this option after using other sources, the system stops using the other sources, and those other options are no longer available in the tab.
A specific similar property: if your property belongs to a large company, this option might be available. You can choose another "clone" G3 RMS property from your estate that has similar business patterns. In the Limited Data Build process, the system uses the market segment patterns of the clone property. The clone property doesn't need to have the same market segments as your property, but it should have a similar business mix and booking pattern.
A generic property: if neither of the other sources are available, select a fabricated property. You choose the booking curves that best match your property's business for each of your market segments. You also set up the average length of stay and no-show % for each market segment. See the Data Details for how to Set up a Generic Property.

Select Realistic Booking Patterns

For many Limited Data Build properties it takes some time before business behaves normally. If you expect a slow build up phase, select the appropriate booking patterns. For example, your group business books more than six months before the arrival date. If you pick a booking pattern with such a long-term pick-up, any groups staying during the first six months of operation would have to be already on books or there are none, since their expected booking window is already past. If needed, select a booking pattern with shorter pick-up window and change it later.