HelpHow Edison measures
Utilization and booked share
Booked hours over the hours you could sell, and how the same idea shows up in price advice.
Utilization is booked hours divided by the hours you could sell. The hours you could sell are the same bay-hours used for revenue per available bay-hour, built from your real schedule.
In price advice the same idea is called booked share. A window is a weekday and a run of hours for one bay type. Its booked share is its booked hours over the last 30 days divided by its open hours in that time.
Rounding and the 100% cap
Booked share is rounded to a whole percent. Edison never shows a booked share above 100%, even when the arithmetic comes out higher, for example when a booking runs past the edge of a window.
Cancelled and no-show bookings
On Analytics, utilization counts bookings that went ahead. Cancelled bookings and no-shows are left out.
Price advice treats a no-show as booked. The slot was held, so nobody else could book it, and that is what a booked share is meant to show.
Closed is not 0%
A heatmap cell for an hour you were never open is marked closed. That is a different thing from 0%, which would mean you were open and nobody booked.
Worked example
A Saturday evening window
- 14 bays, 5 PM to 9 PM, open on 4 Saturdays in the last 30 days
- 24 bays x 4 hours x 4 Saturdays = 64 bay-hours
- 356 hours booked, 4 of them no-shows
- 4Price advice: 56 / 64 = 87.5%, shown as 88% booked
- 5Analytics: 52 / 64, about 81%
Same window, two figures: 88% booked in price advice, about 81% utilization on Analytics.
Made-up round numbers, chosen to show the arithmetic. This is not a result from any venue.