The Catering Pace Report combines Budget Pace and Production in one report.
Revenue totals used to calculate your current pace and benchmark performance are based on Definite bookings only.
Definite Revenue can easily be benchmarked on a monthly basis against:
Your annual budget
Last year's Revenue
This report is useful for:
Financial performance: By comparing your current Definite revenue pace to your budget, you can get a sense of how your event business is performing financially and whether you are on track to meet your financial goals.
Trend analysis: By comparing your current Definite event production to last year's actuals, you can identify trends or changes in demand and make more informed decisions about future events.
Resource planning: Understanding your current Definite pace and comparing it to your budget and last year's actuals can help you plan resources and allocate them effectively.
Goal setting: Tracking your progress against your budget and previous-year performance can help you set realistic and achievable goals for future events.
Budget management: Monitor your Definite revenue to help ensure your team is staying at or below your catering budget.
Sales performance: Determine whether your sales team is pacing toward or exceeding the previous year's Definite revenue.
Overall, the report provides valuable insight into your Definite booking pace relative to your budget and previous year performance, helping you make informed decisions about the management and planning of your events.
Revenue is based on Menu Items, and all Revenue summaries are broken down into your own Revenue Categories. If you prefer broader reporting, we recommend summarizing by Revenue Group.
If this option is selected, the report will be broken down by Revenue Groups:
Food
Beverage
AV
Room Rental
Miscellaneous
How to Use The Catering Pace Report
Click on Reports in the side navigation
Click Catering Pace
Select additional Filters if needed or adjust the preset ones
Optional Choose to not Summarize by Revenue Group - by default it is enabled
Export to HTML or PDF
Tip: Save your report view once you’ve selected your preferred filters.
Important Considerations
Definite revenue and budget: The report uses Definite revenue when comparing performance against your Budget. A Budget must be entered in Event Temple for budget variances and pacing comparisons to be displayed.
Taxes and service fees: Catering Pace revenue excludes taxes and service fees.
Sourced by Event: When the report is sourced by Event, revenue is based on the Event Date. If an Event spans multiple days, the revenue is distributed evenly across each day.
Sourced by Booking: When the report is sourced by Booking, revenue is based on the Booking Date. If a Booking spans multiple days, the revenue is distributed evenly across each day.