Pace
Demand and bookings
Booking pace
On-the-books versus the same lead time last year.
Pace = bookings on the books for a future period now / bookings for the same period a year ago at the same lead time
How to read the metric
Falling behind is a signal for marketing and promotions; running ahead is a signal to raise the rate.
Worked example
1 450 room nights sold for July versus 1 300 a year ago → +11.5 %.