You can use this to identify drivers (I.E., airports, theme parks, office parks, retail centers, entertainment venues, or institutional development)  impacting room night demand for the hotel you are appraising. This sheet is flexible and can be used for multiple items, not needing to be held to a strict regime, and you can customize it as you need. It is set up by default for Month to Year and Year to Date. 

This guide will cover setting up and using the Demand Driver Statistics sheet within your Hospitality workbook. 

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Please note that the platform has been updated since the formation of this video, the process and steps are the same, however the product may look slightly different.

How-to Guide

Driver One  Step 1: Enter the Driver Name and Source. Select the yellow-shaded Driver One Name field and input the name of the individual driver. Next, select the Source field and input the source of the data. In this example, we will use the local airport. Step 2:  Input the individual categories and their data within this driver.  In our example, we have used Domestic and International.  Pro tip: These fields are very flexible. You can reorder or change the reporting structure.  I.E., if you'd like to see  YTD and Annual cumulative YoY, you can update the labels as needed.  Step 3: Enter your summary for the driver in the yellow-shaded field above the Demand Driver table.

Additional Driver Tables Step 1: Repeat the above process with all four Driver tables as necessary.

Add tables to your Report Step 1: Add these tables to your Report.  If these tables are not already in your report, use the link names below each table to insert them using the Insert Link feature in the Valcre Ribbon.  HMA_Driver01 HMA_Driver02 HMA_Driver03 HMA_Driver04

Once you have completed all the necessary information in the Demand Driver Statistics sheet, you can move on to the Segment Profile sheet in the Hospitality Workbook. 

Additional Questions?  Valcre Support is ready to help with all your Valcre product questions! You can connect to us via phone, email, or chat!