Demand Calendar

APRIL 13, 2023

Many hoteliers think forecasts are unnecessary because the dynamics constantly change, so there will never be an accurate forecast. The main reason for forecasting is not competition in accuracy; it is to use the forecasts for planning to achieve a healthy profit.

Forecasting 52

Forecasting General Manager Management Hotels 52

Demand Calendar

FEBRUARY 14, 2024

It's time for the hospitality industry to explore a more dynamic and responsive way of financial planning – prioritizing forecasting as the foundation for a truly effective budget. This shift will enhance adaptability, increase profitability, and empower data-driven decision-making – crucial advantages in today's market.

Forecasting 98

Forecasting Marketing Market Travel 98

Demand Calendar

MARCH 11, 2025

Growing revenue from meetings and events requires essential collaboration between Marketing, Sales, and Revenue Management : Marketing : Targets and attracts the right audiences and event types. Revenue Management : Aligns pricing, forecasting, and availability to optimize delegate volume and spending.

Revenue 69

Revenue Revenue Management Upsell Forecasting 69

Hotel Management

FEBRUARY 13, 2024

Both Melbourne and Sydney properties are forecasted to have 100% occupancy during concert dates and transient revenue is up to 30% stronger in comparison to other popular concerts,” Hutton told HM exclusively, noting that many hotel guests are asking if they are able to decorate their rooms with Taylor merchandise.

Occupancy 290

Occupancy Tourism Events Accommodation 290

Little Hotelier

MARCH 25, 2024

What is hotel forecasting? Hotel forecasting, also known as hotel demand forecasting, is a strategy that sees a hotel analyse historical data and trends to make predictions about future demand. Hotel forecasting reports are built on a foundation of data. Small, independent hotels might form quite basic forecasts.

Forecasting 52

Forecasting Cancellation Average Length of Stay Revenue 52

Hotel Management

MAY 2, 2023

total revenue management, demand forecasting, working with travel agents and more. With the theme “Unstoppable,” this conference will empower you with the tools and knowledge to overcome challenges, break through barriers, and achieve unstoppable success in your revenue management efforts.

Revenue 130

Revenue Revenue Management General Manager Forecasting 130

Demand Calendar

FEBRUARY 5, 2025

This post explores The Origins: How the term "bleisure" emerged and was first identified by trend forecasters like Future Laboratory. Corporate Policies: The rise of "work from anywhere" strategies and how companies manage cost-sharing for blended trips.

Travel 59

Travel Forecasting Marketing Market 59

Demand Calendar

JULY 22, 2024

Imagine your hotel facing a forecast predicting a significant dip in bookings for the coming quarter. Do you rally your marketing and sales teams to launch innovative campaigns aiming to change the forecasted future? Or do you streamline your operations, optimizing every cost to ensure profitability despite the lower revenue?

Revenue 98

Revenue Operations Forecasting Sales 98

Hotel Financial Coach Blog

JULY 12, 2023

Fast forward to 2007 and I had just finished my MBA when I had an opportunity to change career paths from Fairmont’s Global Vice President of Sales and Distribution to the dark side, as the Regional Vice President and General Manager. As I have said many times when I talk about my career path, I don’t think.

General Manager 130

General Manager Business Hospitality Management 130

Demand Calendar

MAY 13, 2024

Revenue performance management encompasses various activities to optimize revenue through strategic pricing, inventory management, marketing, and sales practices. It involves analyzing performance metrics, forecasting future demand, and making informed decisions to enhance profitability.

Revenue 105

Revenue Management Forecasting Revenue Management 105

Demand Calendar

SEPTEMBER 30, 2024

In this blog post, we aim to highlight the evolving role of revenue managers in an industry increasingly influenced by AI and consider how best to integrate technological advancements with human skills to drive success.

Revenue Management 98

Revenue Management Revenue Management Forecasting 98

Demand Calendar

SEPTEMBER 10, 2024

While budgets may have been essential for management and ownership in the past, there are far more effective tools available today that provide flexibility, adaptability, and better financial outcomes.

Forecasting 96

Forecasting Hotels Management Business 96

Demand Calendar

JULY 17, 2024

These forecasts suggest a growing market with plenty of guests to fill hotel rooms. Recent surveys conducted by McKinsey indicate that people are planning to travel more in the coming years, and Airbus predicts that air travel will double within the next 20 years. However, the key to taking advantage of this growth lies in adaptability.

Forecasting 97

Forecasting Consumer Tourism Hotels 97

SiteMinder

MARCH 17, 2025

In most cases, the general manager or hotel director holds the top operational role, overseeing all departments and ensuring the hotel meets its financial and service goals. However, in medium to large hotelsor those part of a chainthe owner often delegates operational control to a hotel director or general manager.

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Demand Calendar

JUNE 28, 2023

The forecasted demand for overnight accommodation at the destination is the most important KPI for hotels to understand. The worst part is if hotels at the destination start a price war to attract more guests, the results will be lower revenue for all, and no additional guests will travel to the destination because the hotel rooms are cheap.

KPI 98

KPI Forecasting Revenue Revenue Management 98

SiteMinder

JUNE 12, 2024

Over time, these roles matured and transformed, giving birth to the modern-day revenue or reservations managers. In the context of smaller establishments, such as boutique hotels or bed and breakfasts, it’s often the general manager who dons the hat of a revenue manager, juggling multiple responsibilities.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

Hotel Operations

SEPTEMBER 30, 2024

Translate forecasts to budgets Each team needs to translate the forecasts from the revenue and F&B teams into budgets for their areas. “I If things are forecasted to change, you need to present why they will change to your stakeholders.” Hotel budgets are used throughout the year with a rolling forecast. “If

Forecasting 98

Forecasting Revenue Hotels Operations 98

Hotel Financial Coach Blog

AUGUST 6, 2023

We promote people from Operations, Sales and other areas into the role of General Manager. They make sure the forecasts and budgets come from the department managers – and not from the accounting department – because accurate real-world numbers are needed for the smooth operation of a hotel.

Hospitality 130

Hospitality Operations Management Business 130

Hotel Business

JUNE 8, 2023

In prior leadership roles, Gatzemeyer developed comprehensive analytics platforms by utilizing forecasting, machine learning and data mining techniques to enhance owner profitability. Bryan’s experience developing and deploying prescriptive analytics makes him an excellent leader to spearhead this vital component of our business.”

Business 52

Business General Manager Forecasting Revenue Management 52

Hotel Business

NOVEMBER 30, 2023

Most recently, the American Group Travel Awards (AGTA) named Hotel Equities the Best Hotel Management Company for Groups and Meetings, based on votes from the traveling public. Forecast accuracy has remained within 2% of budget expectations, exceeding expectations with the company’s benchmark set at 2.5%

General Manager 59

General Manager Hotels Intent Forecasting 59

Social Tables

JANUARY 14, 2022

Meet with hoteliers, general managers, F&B directors, owners, operators, procurement managers, and other hospitality professionals to discuss industry developments, demonstrate services, shop for new products, and even showcase your own. .

Hospitality 158

Hospitality Events Tourism Business 158

Hotelogix

FEBRUARY 28, 2025

From decision-makers of hotels, to general managers and front office teams, they can use ChatGPT effectively if they know how to ask the right questions. ” For Revenue Managers: Maximizing Profitability and Forecasting Demand Revenue managers play a critical role in pricing, occupancy, and financial forecasting.

General Manager 52

General Manager Hotels Forecasting Upsell 52

SiteMinder

MARCH 25, 2025

With the support of tools like SiteMinder, reservations managers can manage high volumes of inquiries efficiently, allowing your hotel to capture more revenue while delivering a seamless booking experience. What does a hotel reservations manager do?

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Hotelier Magazine

AUGUST 31, 2023

During his tenure as CFO, he enhanced and streamlined the company’s budgeting, forecasting and capital-allocation processes and led several major initiatives to support the company’s continued growth. Dragisich will oversee all of Choice’s brand segments, brand development, segment services and corporate development.

Hotels 59

Hotels Operations Branding General Manager 59

Cloudbeds

NOVEMBER 13, 2024

From conversations with general managers to PR professionals and restauranteurs – we’ve compiled a list of the top hospitality podcasts today to help hoteliers boost their industry knowledge and take away practical tips for success. No matter what role or interest you have in hospitality, there’s a podcast for you. Who’s it for?

Hospitality 52

Hospitality Events Hotel Marketing Marketing 52

SiteMinder

AUGUST 1, 2024

Management team: Introduce the key members of your management team, outlining their experience, expertise, and roles within the hotel. Key personnel: List any other essential personnel, such as the general manager, head chef, head of housekeeping, and sales manager.

Business 95

Business Revenue Hotels Occupancy 95

SiteMinder

APRIL 25, 2024

The exact genesis of yield management (now revenue management) in the hospitality sector is hotly debated,” says Stuart-Hill. Old-school leaders may not fully understand revenue management, but it’s not their fault. As revenue management gets explored more, the talent shortfall will get worse.

Revenue Management 111

Revenue Management Revenue Management Hotels 111

MBA Hotels

OCTOBER 15, 2019

STR forecasts RevPAR growth to be about 1.1% STR RevPAR Forecast ] Slow and steady revenue growth is keeping the industry optimistic, but it’s the profitability which is worrying some hotel investors and management companies. Average daily rate is the main driver of revenue per available room (RevPAR) growth. in 2020. [

Average Daily Rate 52

Average Daily Rate Forecasting Revenue Management 52

Hotel Speak

JULY 19, 2024

Whether you accept transient or group business to your hotel is more than just a revenue management question. It’s also a risk management question. And what is the philosophy of the hotel, the ownership, the general manager, and other stakeholders? How much are you willing to risk? What’s better?

Revenue 85

Revenue Management Revenue Management Average Daily Rate 85

Hotelogix

SEPTEMBER 12, 2024

General Management: General Managers take care of the overall administration of a hotel. A Hotel PMS provides several operational reports, including a history and forecast report, revenue report, reservation report, housekeeping report, night audit report, financial report, guest history report, occupancy reports, etc.,

Management 52

Management Revenue Management Hotels Operations 52

Hotel Business

AUGUST 30, 2023

During his tenure as CFO, Dragisich enhanced and streamlined the company’s budgeting, forecasting and capital allocation processes, and led several major initiatives to support the company’s continued growth. He will oversee all of Choice’s brand segments, brand development, segment services and corporate development.

Branding 52

Branding Operations Business General Manager 52

SiteMinder

OCTOBER 11, 2022

Again, the specific job titles and the amount of personnel within the management team will vary from hotel to hotel. However, some key roles within a hotel management department can include: Hotel general manager. Operations manager. Night duty manager. Front of house manager. Revenue manager.

Operations 59

Operations Management Hotels Revenue Management 59

Hotel Designs

DECEMBER 21, 2023

. “It was vital we encapsulated the right look, whilst ensuring the carpets and rugs are a suitable specification for each area of the hotel” “The projects we work on can take anything from six months to four years to complete,” added Daren Griffin, General Manager, Modieus.

Casinos 52

Casinos General Manager Forecasting Hiring 52

Xotels

NOVEMBER 23, 2023

LEARN MORE CONTACT US LEARN MORE CONTACT US Financial Management: The backbone of any successful business lies in efficient financial management. Hotel management handles budgeting, revenue forecasting , cost control , and financial analysis to ensure profitability while maintaining service quality.

Management 40

Management Revenue Management Hotels Operations 40

Xotels

NOVEMBER 23, 2023

LEARN MORE CONTACT US LEARN MORE CONTACT US Financial Management: The backbone of any successful business lies in efficient financial management. Hotel management handles budgeting, revenue forecasting , cost control , and financial analysis to ensure profitability while maintaining service quality.

Management 40

Management Revenue Management Hotels Operations 40

Hotelier Magazine

DECEMBER 17, 2024

the sector in Canada is forecast to grow more than seven per cent through 2034. For most reservations, guests receive handwritten welcome notes thanking them for their business and asking them to contact me directly if I may be of service during their stay, says Jeremy Roncoroni, general manager of Vancouvers St.

Hotels 52

Hotels Services General Manager Events 52

Boutique Hotel News

DECEMBER 20, 2022

Simon Mahon, general manager at The Grand York, tells BHN : “I don’t think the full power and damage of Brexit has materialised. Looking ahead, supply levels are forecast to exceed 1,100 schemes by 2027, nearly doubling the current volume at around 640 projects worldwide.

Travel 124

Travel Hotels Branding Consumer 124