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Cancellation Lead Time

Overview

Modeled after the Booking Lead Time Analysis this report too provides a detailed view of cancellation lead times across booking windows.

Data Source(s)

  • Historical and On-the-books data from PMS

  • Bookings are Confirmation Numbers received from the PMS E. g 1 unique Confirmation Number = 1 Booking

Calculations

  • Lead Time = Number of Days between reservation Cancellation Date and Arrival Date

  • Average Lead Time = Total Lead Time of Cancellations/ Number of Cancellations

  • Median Lead Time = Middle Value in Sorted List of Lead Times

    • Separates the higher half from lower half, is less affected by outliers than Average

  • Cancellation Rate = Canceled Bookings/Total Bookings

  • ADR of Canceled Bookings = Revenue of Canceled Bookings/Canceled Room Nights