Revenue Forecast

What factors influence a property's revenue forecast?

‍Key determinants include location attractiveness, seasonal demand patterns, local competition, property amenities, historical performance data, and upcoming events in the area. Economic factors like travel trends and airline capacity also impact projections.

How far in advance can reliable revenue forecasts be made?

‍Accurate forecasts typically cover:

• three to six months with high reliability for pricing strategy
• 12 months for annual budgeting with seasonal adjustments
• two to three years for long-term investment analysis (with broader ranges)

How does MadeComfy calculate a property's revenue forecast?‍

MadeComfy's forecasting combines:

• AI analysis of the property's past performance
• Local market demand indicators and competitor benchmarking
• Event calendars and tourism trend data
• Seasonal pricing algorithms
• Adjustment factors for property-specific features

How often should revenue forecasts be updated?

‍Optimal review periods include:

• Monthly for routine performance tracking
• Quarterly for strategic adjustments
• Immediately after major market changes (new competitors, infrastructure developments)
• Pre-peak seasons to finalise pricing strategies

What's the difference between gross and net revenue forecasts?

‍Gross forecasts show total booking income, while net forecasts deduct:

• Management fees (typically 15-25%)
• Cleaning and maintenance costs
• Utilities and council rates
• Platform service charges
• Other operational expenses