Welcome to the enhanced Insights product! 🎉 We're excited to introduce you to the new and improved features designed to make your data analysis more accessible and insightful. This guide will walk you through the key updates, including the simplified navigation and the core topics, previously called Explores, highlighting how you can leverage them for better decision-making. Let's dive in! 🚀
What's New in the Insights Topics?
Our goal with the new Insights product is to streamline your data analysis process. Here's what you can expect:
Simplified Navigation with Three Primary Display Options
To enhance readability and usability, we've organized each topic within Insights using three primary view labels:
Date & Time
Time Increments: Easily select time dimensions such as Date, Week, Month, Quarter, and Year.
Default Selections: Pre-set stay date and comparison period filters are added to kickstart your queries.
Display Options
Capacity Adjustor (Physical/Bookable): Switch between physical capacity and bookable capacity for capacity-related measures like Occupancy and RevPAR.
Currency Selector: Choose to display monetary measures in Group, Local, or converted currencies.
Revenue Selector (Net/Gross): Toggle revenue measures between net and gross amounts.
Property
Property Dimensions: Access new location dimensions such as City, State, Zip Code, and Opening Date for more granular analysis.
These display options are consistently positioned at the top of each topic and are numbered 1 through 3, respectively, for easy reference.
🌟 Topics Overview
Bookings
Pick-up
Forecasts & Budget
Forecast Evolution
Pricing
Benchmarking (STR)
Rate Shopping
Each topic has been thoughtfully redesigned to enhance usability, accuracy, and depth of analysis. Understanding these topics will empower you to extract valuable insights and make informed decisions. 💡
1. Bookings 📖
What's New?
The Bookings topic has undergone significant enhancements to provide a comprehensive and consistent view of your booking data.
Logical Grouping of KPIs: Key Performance Indicators are now organized into intuitive groups for easier navigation.
Improved Data Accuracy:
Historical Capacities: Capacities are now accurate by stay date, rather than based on the current date, providing more reliable Occupancy and RevPAR calculations.
Expanded Period-over-Period Functionality: STLP (Same Time Last Period) now works for bookings more than 11 months out, enabling long-term comparisons.
New Measures:
Product Count Measures: Track the number of products sold, including period-over-period variations.
Total Revenue Measures: Access detailed revenue data, including Accommodation, Ancillary, and Cancellation Revenue, plus a total sum of all of these.
Terminology and Label Updates
Product Revenue Renamed to Ancillary Revenue: Aligns with industry standards for clearer understanding.
Unconfirmed Bookings Label: Bookings with an Optional status are now grouped under an Unconfirmed label for better status analysis.
Booking Count Clarification: Distinguishes between Confirmed and Unconfirmed bookings with dedicated measures.
2. Pick-up 📈
What's New?
We've introduced a dedicated Pick-up topic to offer more in-depth analysis of booking changes over time.
Dynamic Date Selector: Choose specific dates or date ranges for pick-up analysis, providing flexibility over previous static options.
Expanded Measures: Access period-over-period calculations within the pick-up topic, allowing for insightful temporal comparisons.
Benefits
Flexibility: Analyze pick-up data for any date range that suits your needs.
Comprehensive Analysis: Combine pick-up measures with other topics using X-Lookups for a holistic view.
3. Forecasts & Budget 🔮
What's New?
The Forecasts & Budget topic has been reorganized to focus exclusively on forecast and budget measures.
Simplified Focus: By removing bookings data, this topic allows for a clearer and more efficient analysis of forecasts and budgets.
Forecast Selector (AI/User): Easily switch between AI Forecast (produced by FLYR) and User Forecast measures.
Renaming for Clarity: The term System Forecast has been updated to AI Forecast to align with platform-wide terminology.
Benefits
Targeted Analysis: Concentrate on forecasting without the distraction of bookings data.
Flexibility: Use the Forecast Selector to toggle between AI-generated forecasts and your own.
4. Forecast Evolution 📊
What's New?
The Forecast Evolution topic has been reorganized for a cleaner user interface and improved usability.
Measure Grouping: Metrics are now grouped by AI Forecast, OTB & Actuals, or User Forecast.
Streamlined Navigation: Simplified layout makes it easier to track how forecasts evolve over time.
Benefits
Enhanced Clarity: Quickly understand forecast changes with the new grouping.
Efficient Analysis: Focus on specific areas of interest without navigating through cluttered data.
5. Pricing 💰
What's New?
While the Pricing topic remains largely the same, we've added new dimensions to enhance your pricing analysis.
New Dimensions:
Inventory Label and Inventory Group: Enable detailed segmentation of your inventory for pricing strategies.
Benefits
Detailed Segmentation: Fine-tune your pricing strategies by analyzing specific inventory segments.
6. Benchmarking (STR) 📊
What's New?
The Benchmarking (STR) topic has been updated to align with the structure of the Bookings and Pick-up topics, making it more intuitive and user-friendly.
Consistent KPI Grouping: KPIs are grouped similarly to other topics for a cohesive experience.
Expanded Period-over-Period Functionality: Now includes comparisons for Last Year, Last Quarter, Last Month, and Last Week, with options for date and day-of-week comparisons.
Measure Renaming for Clarity:
Rooms is now Accommodation.
Available Rooms is now Capacity.
Rooms Sold is now Units.
Benefits
Enhanced Comparisons: More period-over-period options help you understand trends and performance shifts.
Unified Terminology: Consistent naming conventions reduce confusion and improve clarity.
7. Rate Shopping 🛒
What's New?
The Rate Shopping topic has been refined to focus solely on pricing strategies, with the removal of bookings data and addition of new functionality.
Simplified Analysis: By excluding bookings data, you can concentrate on competitor rates and market positioning.
Currency Conversion: Rate measures can now be converted using the Currency Selector, aligning with other topics.
Benefits
Focused Insights: Analyze market rates without distractions for better strategic pricing decisions.
Global Compatibility: Easily view and compare rates in different currencies.
🔧 How to Leverage the New Topics
Integrate Data Across Topics
Use X-Lookups to combine data from different topics, such as merging Bookings data with Forecasts & Budget, for a comprehensive view on your performance.
Customize Your Analysis
Use Display Options: Tailor your data views with the Capacity Adjustor, Currency Selector, and Revenue Selector.
Apply New Dimensions and Measures: Incorporate the new data points into your queries for deeper insights.
Consistent Period-over-Period Analysis
Take advantage of the expanded period-over-period functionality across topics to consistently track performance over various time frames.
🎯 Conclusion
Understanding the core topics in the new Insights is key to unlocking the full potential of the product. With enhanced features, improved data accuracy, and more intuitive navigation, you're now better equipped to make data-driven decisions that drive success. 🏆
We're excited for you to explore these new topics and see how they can elevate your data analysis experience. 🎉
🤝 Need Further Assistance?
Chat with the Advisory Team: Reach out to our Advisory Team via the in-platform chat for personalized assistance.