Total Forecast Sold or Reserved after Adjustments

This equation finds the number of forecasts sold or reserved by taking into account the following:

Stayovers- In hotel businesses: Guests that will be staying more than one night.

Reservation- Rooms/Tables that are withheld for the time being in preparation for an incoming guest.

No-Shows- Guests that fail to take-up a reserved seating, without having cancelled the reservation.

Early Departures- Guests who leave earlier than what is agreed upon them and the management.

Overstays- Guests who opt to stay beyond the set limits or expected duration of what is agreed upon them and the management.

Resource:

• Dopson, Lea R., and David K. Hayes. Managerial Accounting for the Hospitality Industry. Hoboken, NJ: Wiley, 2009. Print.