Booking pace is the metric in hospitality revenue management that shows the rate at which reservations are made for a specific date. A visual representation of a booking pace is a booking curve.
Monitoring booking pace is important for identifying patterns in booking behavior, forecast demand and staff levels, and adjust marketing and pricing strategies.
For example, a hotel knows that a normal booking pace out of peak season is receiving 20 reservations 30 days before the arrival date, but gets 40 bookings instead. That would indicate that a booking pace is 100 percent higher and adjustments should be made to maximize revenue.