01
Feb
Hotel Revenue Management Action Steps 7
Are you tracking your pick-up trends per segment, channel, account? What steps do you need to take to gather quality data to make better revenue management decissions for your hotel? Step 7 in our revenue management plan...
27
Jan
Hotel Forecast Model and Tool
According to your yield opportunities, you may decide of a more or a less developed forecasting tool. You may also consider Computerized - Revenue Management System. Here some examples of hotel forecasting tools in exel.
21
Jan
Accuracy of your Hotel Forecast
You should aim at 5% maximum (+/-) variance for the next month, variance between your forecast and the actual results. Take the time to analyze the variances to understand, learn and improve your hotel forecast.
19
Jan
What influences to consider for your hotel forecast?
What elements and influences should you consider when making your hotel forecast? What could affect the pick-up and booking trends of your hotel?
08
Jan
Hotel Revenue Management Action Steps 6
How can you control the impact of high demand days on should dates? What kind of stay restrictions should be implemented? How san I use my systems to gather data to help me make better revenue management decisions? What revenue management action steps to take so you answer these questions easily...
