Instead of looking at what the hotel needs, hoteliers should ask why the hotel demand is lower for these specific days or seasons
The revenge travel trend seems to be holding strong, and exponential levels of demand and direct bookings seem likely to continue in 2023
A rise in loyalty point redemption is sparking hotel brands to leverage strategies that drive greater brand loyalty among untapped traveler segments
But what are these data sources exactly? What do you need to focus on as you predict demand for your hotel business over the coming year and beyond?
Accurately forecasting future demand for hotel rooms can help hotels increase revenue in several ways. Here are the most important ones:
Total revenue forecasting in the hotel industry involves predicting the total revenue a hotel will likely generate over a given period
Go through the following six points to see how you may be leaving revenue on the table and how you can easily turn things around
Our localized demand predictor helps you identify fluctuations in demand before they happen, making it easy to choose the best rate