A forecast is a tool used to run a hotel more effectively and profitably.
With an accurate forecast, the General Manager can plan the staff requirements for each day knowing the number of guests who will be in the hotel each day. Management will have a good understanding of their performance goals in terms of occupancy, rate and overall rooms revenue. Accurate forecasts will make pricing decisions much simpler.
What are the different types of forecasts?
What are the objectives for each of the types of forecasts?
What information do I need to put a forecast together?
How do I find this information?
What questions should I ask when putting together a forecast?
How often should I be adjusting the forecasts?
What are the steps that I need to follow to put the forecast together?
What is the difference between unconstrained and constrained demand?
What are the elements of an accurate forecast
Keep learning. Keep growing.
Discover this selection of interesting courses
We have a range of courses available: from online courses to short courses and master's degrees. Start your search by checking out our most popular courses below.
Job Description Please only apply via: https://www.mpamsterdamjobs.com/Movenpick-stagesleerplaatsen/vacatures/ReservationsRevenue-Management-Trainee--JPNLS2WB0.htmlWork Experience Are you looking for ...
The St. Regis brand first established luxury hospitality more than 110 years ago, with the opening of the St. Regis New York. From the moment John Jacob Astor IV opened the doors of his Beaux-Arts mas...
Are you looking for a place to gain experience in both the reservations and revenue department? Do you always work accurately and are you a true perfectionist? Are you curious how hotel room prices ar...
*Revenue Management Director – Greater China works with the assigned hotels in Greater China. This position is responsible for all aspects of hotels’ revenue - optimizing revenue, gaining market shar...