Average Daily Rate Average Length of Stay Forecasting 
SiteMinder
OCTOBER 10, 2023
What is hotel forecasting? Hotel forecasting is a method that is used to help managers determine their accommodation’s future demand and revenue performance. Whether you’re a seasoned hotelier or new to the industry, understanding the nuances of forecasting can be a game-changer for your business.
SiteMinder
JUNE 8, 2022
As unpredictable as it can be at times (especially through the COVID-19 pandemic), forecasting is still an important part of running a hotel and being able to make strategic revenue management decisions. What is hotel revenue forecasting? Why should your hotel use forecasting? How can you forecast effectively at your hotel?
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SiteMinder
OCTOBER 9, 2023
These metrics encompass a wide range of areas, from financial figures like revenue per available room (RevPAR) and average daily rate (ADR) to operational aspects such as occupancy rates and guest satisfaction scores. It offers insights into room demand and helps in forecasting.
Little Hotelier
NOVEMBER 6, 2023
Adjust pricing Forecast demand and adjust your room rates well ahead of time. It’s wise to go higher early – if you secure a booking at this high rate, terrific, if you don’t, you can always lower your prices as the dates get closer. Here are six revenue optimisation strategies that any independent hotelier can try.
SiteMinder
JUNE 12, 2024
Learn more Yield management vs revenue management The goal of yield management is not merely to increase room rates or occupancy; rather, it’s to maximise your hotel’s revenue by forecasting your room supply and demand across a variety of key factors. This strategy aids in forecasting demand and resource planning.
Little Hotelier
AUGUST 29, 2023
Income: Forecasted and other expected revenue. When planning your budget, your report should include: Fixed costs (eg. rent): No connection with business activity. Variable costs (eg. wages): Changes according to business activity. Actual costs: The difference between budgeted figures and actual numbers.
SiteMinder
DECEMBER 4, 2023
Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. This kind of data is invaluable for hoteliers who want to analyse performance, benchmark, forecast, and plan strategically to ensure business success. The average length of stay is 1.93
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