Hotelogix

JULY 18, 2024

Hotel forecasting, also known as hotel demand forecasting, is a strategic process that predicts future demand for hotel rooms and services based on historical data, market trends, and various influencing factors. What is Hotel Forecasting? Hotel financial forecasting helps hoteliers set targets by predicting fiscal outcomes.

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Cloudbeds

MAY 8, 2024

Searching for demand patterns for your property is like traveling to the past and then going to the future to forecast how to set up your hotel for success. Occupancy rate indicates the percentage of utilization of hotel rooms. Another idea to counteract lost revenue due to last-minute cancellations is non-refundable rates.

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eZee Absolute

MAY 13, 2024

It provides a quick overview of key performance indicators (KPIs) such as occupancy rate, Average Daily Rate (ADR) , and Revenue per Available Room (RevPAR) for the previous day, week, month, or year (depending on the configuration). Flash Report Flash Report presents the summary of hotel performance metrics.

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SiteMinder

JULY 13, 2024

Without it, your business is essentially forfeiting the ability to boost bookings, revenue and profit, offer competitive rates and promotions, and forecast effectively. This involves a thorough examination of competitors’ offerings, rates, amenities, and even guest reviews. Revenue management strategy 3.

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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 helps in tailoring specific offers or rates to different guest segments.

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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.

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Cloudbeds

OCTOBER 11, 2024

Although it doesn’t capture financial transactions directly, it provides key metrics like revenue per available room (RevPAR), Average Daily Rate (ADR), and rate trend forecasts. With hotels using an average of 20-30 tech vendors, there is a lot of data to keep straight. Revenue management system.

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