| Hotel Booking Curve |
| Wednesday, 09 December 2009 00:00 |
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To be able to make solid decisions without any doubts, it is advisable to convert the data from your pick-up reports into graphs. A booking curve graph will help you visualize the booking pace of your hotel.
Below an example:
All the cancellations will be taken into consideration on the reservations curve. Identify your Hot Days (or cold Days) Is it what you expected? If not;
Develop a tool which allows comparison i.e. last year same day versus this year pick up or past 5 Wednesdays as per following graph.
For more information on hotel yield and revenue management click here: revenue management.
Cheers,
Patrick - Xotels
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