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Guest Count Forecast v2

GCF=LY⋅(1+IE)
(LY)Guest Count Last Year
(IE)Percentage Increase Estimate
Tags
Hospitality

The Guest Count Forecast calculator computes the guest count for the current year based on the the guest count last year and the percent change anticipated.

INSTRUCTIONS:  Choose units and enter the following:

  • (LY) Guest Count Last Year
  • (EI) Expected percent change (increase or decrease)

Guest Count Forecast (GCF): The calculator returns the guest count forecast in number of guests.

The Math / Science

Guest Count Forecasting is the process of a company predicting what its future guest count will be. This forecast is done for a particular period of a time in the near future, usually the next fiscal year.

Resource:

  • Dopson, Lea R., and David K. Hayes. Managerial Accounting for the Hospitality Industry. Hoboken, NJ: Wiley, 2009. Print.
  • "Sales Forecasting Definition - at TrackMaven.com." TrackMaven. N.p., n.d. Web. 08 Aug. 2015.