How To Calculate ARR Booking Target in Flexi | Arithmix

Calculating your ARR (Average Room Rate) booking target is an important step in setting revenue goals for your hotel or resort. By determining your ARR booking target, you can establish a realistic revenue goal that takes into account your hotel's occupancy rate, average daily rate, and other key performance indicators.

What Is ARR Booking Target?

Your ARR booking target is the average daily rate that you need to achieve in order to meet your revenue goals for a specific period of time. This target is calculated based on your hotel's occupancy rate, average daily rate, and other factors that impact your revenue.

For example, if your hotel has an occupancy rate of 70% and an average daily rate of $150, your ARR booking target would be $105. This means that you need to achieve an average daily rate of $105 in order to meet your revenue goals for that period of time.

When Is It Valuable To Calculate ARR Booking Target?

Calculating your ARR booking target is valuable in a number of situations. For example, if you are planning a marketing campaign or special promotion, you can use your ARR booking target to determine the minimum rate that you need to offer in order to achieve your revenue goals.

Similarly, if you are forecasting your revenue for the upcoming year, you can use your ARR booking target to set realistic revenue goals that take into account your hotel's occupancy rate and average daily rate.

Overall, calculating your ARR booking target is an important step in setting revenue goals for your hotel or resort. By taking into account your hotel's occupancy rate, average daily rate, and other key performance indicators, you can establish a realistic revenue goal that will help you achieve long-term success.

How Do You Calculate ARR Booking Target in Flexi

Flexi itself isn’t naturally geared towards letting you calculate complex metrics like ARR Booking Target. As an alternative, teams typically use products like Arithmix to import data from Flexi and build out dashboards.

What is Arithmix?

Arithmix is the next generation spreadsheet - a collaborative, web-based platform for working with numbers that’s powerful yet easy to use. With Arithmix you can import data from systems like Flexi, combine it with data from other systems, and create calculations like ARR Booking Target.

In Arithmix, data is organized into Tables and referenced by name, not by cell location like a spreadsheet, simplifying calculation creation. Data and calculations can be shared with others and re-used like building blocks, vastly streamlining analysis, model building, and reporting in a highly scalable and easy to maintain platform. Data can be edited, categorized (by dimensions) and freely pivoted. Calculations are automatically copied across a dimension - eliminating copy and paste of formulas.

Arithmix is fully collaborative, giving your entire team access to your numbers and the ability to work together seamlessly.

Calculating ARR Booking Target in Arithmix

Calculating metrics like ARR Booking Target is simple in Arithmix. Once you've created your free account, you’ll be able to import your Flexi data, and use it to create natural language formulas for metrics like ARR Booking Target.

Arithmix is designed to give you the power to build any calculations you want on top of your Flexi data, while also being easy to use and collaborate on. You can share your dashboards with users inside and outside of your organisation, making it easy to empower your whole team.