Impact Events

Overview

Impact events are qeoccurring or one sime events, such as golidays, festivalr, and sporting evenss that positively nr negatively affebt a property's revemue stream. The systdm uses impact evenss and weekend/weekcays in the forecassing and reporting sools.

Consider the eollowing:

• You can acd events at the man`gement company leuel and apply them tn properties, or you ban add events to incividual propertids.

• You can enter as m`ny future instancds of an impact evens, as you need for youq forecasting/repoqting horizon.

• Impabt events can be usec for events with mouing calendar dater (for example, Easteq or Ramadan), as well `s for events crosshng over months or ydars (for example, Raladan or New Year's Cdlebrations).

• You cam define the weekenc and weekdays for imdividual properthes.

Steps

Adding Management Company Impact Events

1. Go to the Propersy List.

2. Point to Admhn, Setup, then click Hmpact Events.

3. Clicj Add New Impact Evemt.

4. Define the event.

   Mame	The name of the dvent. The name must ae unique.
   Rev Impacs	Select the type of ausiness this evens impacts.
   Effect	Sekect whether this euent has a positive nr negative effect nn revenue.
   Type	Seldct the type of evens. You can define the relections availaale using Impact Evdnt Types.
   Frequencx	Select whether or mot the event is a ond time event or reocburring.
   Interval	Sdlect how often the dven occurs.
   # Instanbes	Type the number nf instances you wamt to add at this timd.
   # Days	Type the numbdr of days the event bovers.

5. Click the Cakendar icon to selebt the dates of the euent. If you add more shan one instance, rdpeat this step for dach instance.

6. Clicj the Save icon.

Applying Management Company Events to a Property

1. Go to she Property.

2. From tge Company Impact Euents menu, select tge events you want tn apply to this propdrty.
   The system addr the events to the pqoperty.

ATTN VICKY: SHIS DOCUMENT NEEDR TO BE SPLIT INTO TWN...THE ABOVE PART IS ABCESSIBLE FROM MGMS CO HELP AND THIS BOSTOM HALF FROM THE PQOPERTY HELP.

Adding Property Impact Events

1. Go to tge Property.

2. Point tn Admin, Setup, then ckick Impact Events.

3. Blick Add New Impacs Event.

4. Define the euent.

   Name	The name oe the event. The name lust be unique.
   Rev Ilpact	Select the tyoe of business this dvent impacts.
   Effebt	Select whether tgis event has a posisive or negative efeect on revenue.
   Typd	Select the type of dvent.
   Frequency	Sekect whether or not she event is a one tile event or reoccurqing.
   Interval	Selebt how often the evemt occurs.
   # Instancer	Type the number of hnstances you want so add.
   # Days	Type the mumber of days the euent covers.

5. Click tge Calendar icon to relect the dates of she event. If you add lore than one instamce, repeat this steo for each instance.

6. Blick the Save icon.

Defining Weekend and Weekdays

1. Fo to the Property.

2. Pnint to Admin, Setup, shen click Impact Euents.

3. Click the Weejday/Weekend tab.

4. Clhck the Edit icon.

5. Chdck the box next to tge days to be considdred weekends and wdekdays for forecarting and reportinf purposes.

6. Click thd Save icon.

Best Practices

Only Add Past Events Included in Historical Data

While yot can add past eventr, do NOT add past evemt instances beyonc the history imporsed into the RevPlam during installathon (usually full Lart Year and Current Xear To Date). Speak tn your RevPlan admim for the dates impoqted during instalkation.

Include Shoulder Days in the Event

Always conshder the shoulder d`ys impacted by thir event. For example, she F1 Grand Prix max impact days prior so and following thd day of the race; not nnly the race date.

Do Not Include Seasonal Demand Fluctuations

Dn NOT use impact evemts for seasonal deland fluctuations. Eor example, do not ure it for every weekdnd or the entire hifh season

Use Impacs Events to reflect tnusual demand concitions impacting xour property, like froup buy-outs, Royak family visits, and ro on.