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Revenue Management: What is Your Forecast?

Forecasting On Jun 30, 2011  By  0

The revenue management position did not exist in most hotels prior to 1990, and even today does not show up in many property organization charts. Read More

Hotel’s Future Performance

Effective Room Forecasting is Key to the Hotel’s Future Performance

Forecasting On Apr 1, 2011  By  0

Hotel forecasting is the ultimate resource for anticipating the future performance of hotel’s key metrics – occupancy, ADR (Average Daily Rate), and RevPAR (Revenue Per Read More

Accuracy

The Key to Accurate Sales Forecasting

Forecasting On Mar 31, 2010  By  0

  Moving from opinion-based forecasting to fact-based forecasting. Forecasting sales is never easy. There as many reasons why forecasts are missed as there are customers—the Read More

You Forget Your Forecasting Tools

Revenue Manager, You Forget Your Forecasting Tools

Forecasting On Nov 25, 2009  By  0

   Forecasting is the process of estimation in unknown situations. All successful revenue management strategies  are based on the ability to forecast demand accurately and Read More

Forecasting the Numbers

Forecasting the Numbers: There's a Lot You Can Do

Forecasting On Apr 2, 2007  By  0

With smart ‘future-watching’, you can adjust capacity to reflect the level of expected business. When you avoid surplus staff and unnecessary preparation, there’s a nice Read More

Zero base in Budget

Zero-Based Budgeting in the Hospitality Industry

Forecasting On Aug 31, 2006  By  0

  As we enter the 2007 budget season many individual hotels and hotel companies will present to their owners or asset management team a budget Read More