Anthony Iannarino

JULY 29, 2020

You may also be familiar with forecasted closing dates as “Hopeium.” Under the very best of circumstances, forecasting can still be incredibly difficult. However, some factors can help you dial in your sales forecast, moving you closer to what is true, even if you don’t like the truth your forecast reveals.

Forecasting 90

Forecasting Sales Closing Pipeline 90

Hotelogix

NOVEMBER 13, 2023

2 Forecasting-Based Pricing It is all about tweaking your hotel room price while forecasting the number of rooms that would be available for future dates. That’s how a proper forecasting would allow you to make necessary changes in your room rates, based on demand and expected occupancy.

Revenue 52

Revenue Occupancy Forecasting Minimum Length of Stay 52

Anthony Iannarino

JULY 11, 2019

When you miss your sales forecast or goal, there is almost always a deal or two (or three) that pushed, prospects that didn’t sign the contract by the end of the quarter. These two varieties mean something different when it comes to forecasting. Forecasting Deals. No more pushy sales tactics. Every Commitment Pushed.

Forecasting 92

Forecasting Sales Closing Sales Process 92

SiteMinder

OCTOBER 15, 2023

Improve forecasting – Compare historical data with current market conditions to get an idea of what you can set your rates at in the future. Responding to abnormal market conditions On some days, there might be a high number of flight cancellations due to weather or other factors.

Occupancy 59

Occupancy Revenue Hotels Revenue Management 59

Xotels

APRIL 3, 2024

Following best practices and a well-thought-out strategy is the only way to unlock the full potential of revenue for your hotel , with benefits including: Claim your fair market share: with more hotels forecasted to open every year , gaining a fair market share will become more difficul t each year.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

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. Forecasting Forecasting involves predicting future demand for rooms. We’ll talk more about forecasting and analysis later. Revenue management strategy 3.

Revenue Management 98

Revenue Management Revenue Management OTA 98

Up Hotel

MARCH 22, 2021

Hotels can offer a fixed-rate voucher to future guests with flexible cancellation or date rearrangement policies, meaning that anyone can book a stay, pay upfront, and stay whenever they like (or, in this current climate, whenever they can). It doesn’t have to be all doom-and-gloom, “the hotel is closed for the foreseeable future”, etc.

Digital Marketing 52

Digital Marketing Hotels OTA Business 52

Inn Quest

MAY 11, 2023

This strategy works especially well for lodging facilities that encounter seasonal fluctuations in demand or a high rate of cancellations. Hotels can increase bookings and lower the chance of cancellations by providing discounts to customers who make reservations in advance.

Revenue 88

Revenue Occupancy Hotels Market 88

Little Hotelier

AUGUST 29, 2023

The minute you close your guest’s door after showing them their room, you can almost guarantee they will be jumping on the bed to test it out. Income: Forecasted and other expected revenue. Here are four hotel investment strategies you should be investing your money in… 1. rent): No connection with business activity.

ROI 98

ROI Average Length of Stay Hotels Revenue 98

TravelNet

JUNE 26, 2023

Take time to reexamine your cancellation policy, rates, and fees. Adapting to changing consumer spending patterns While it’s true that people are still spending, the dynamics have shifted. With economic uncertainties, travelers are more cautious and are likely to spend less than they used to.

Revenue Management 52

Revenue Management Revenue Occupancy OTA 52

Xotels

NOVEMBER 23, 2023

Everywhere where hospitality is provided Hospitality and hotel management, while closely related, differ in scope; hospitality management encompasses a broader definition, including restaurants, bars, and various service-oriented fields, whereas hotel management specifically focuses on accommodation. restaurants, bars, etc.

Management 40

Management Revenue Management Hotels Operations 40

Xotels

NOVEMBER 23, 2023

Everywhere where hospitality is provided Hospitality and hotel management, while closely related, differ in scope; hospitality management encompasses a broader definition, including restaurants, bars, and various service-oriented fields, whereas hotel management specifically focuses on accommodation. restaurants, bars, etc.

Management 40

Management Revenue Management Hotels Operations 40