demand

The phrase “forward looking data” will be less used, and hotels will go back and talk about the good old calendar with seasons, holidays, events, etc

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

We look at how global economic factors might influence different traveller attitudes and why hotels must revisit some basic revenue management principles

The unprecedented volatility has made the task of producing a hotel budget for 2023 daunting. Here are some things to keep in mind that might help

With many travelers eager to travel again, it’s crucial that properties activate comprehensive digital advertising strategies to capture increased demand