Little Hotelier

MARCH 25, 2024

What is hotel forecasting? Hotel forecasting, also known as hotel demand forecasting, is a strategy that sees a hotel analyse historical data and trends to make predictions about future demand. Hotel forecasting reports are built on a foundation of data. Small, independent hotels might form quite basic forecasts.

Forecasting 52

Forecasting Cancellation Average Length of Stay Revenue 52

Little Hotelier

NOVEMBER 6, 2023

Adjust pricing Forecast demand and adjust your room rates well ahead of time. Manage no-shows and cancellations No-shows and late cancellations can be damaging to your revenue optimisation efforts, so you need to craft a fair policy, ensure all guests understand it, then enforce it to the letter.

Revenue 59

Revenue Average Length of Stay Average Daily Rate Hotels 59

SiteMinder

DECEMBER 4, 2023

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. This kind of data is invaluable for hoteliers who want to analyse performance, benchmark, forecast, and plan strategically to ensure business success. The average booking lead time for hotels is 29.7

Occupancy 59

Occupancy Hotels Average Length of Stay Revenue 59

Little Hotelier

AUGUST 29, 2023

Income: Forecasted and other expected revenue. When planning your budget, your report should include: Fixed costs (eg. rent): No connection with business activity. Variable costs (eg. wages): Changes according to business activity. Actual costs: The difference between budgeted figures and actual numbers.

ROI 98

ROI Average Length of Stay Hotels Revenue 98

SiteMinder

NOVEMBER 30, 2023

Hoteliers can use statistics to understand their guests better, forecast demand, create offers based on current trends, and optimise their pricing and revenue strategies. 67% of families say that they now check cancellation policies when making travel arrangements and 47% say they now buy travel insurance.

Travel 52

Travel Accommodation Tourism Hotels 52

Cloudbeds

MARCH 20, 2023

Analyze booking data for each segment to look for patterns such as: City of origin Booking channels Lead times Stay patterns (E.g., arrival and departure days, average length of stay) Preferred room types Average daily rate and revenue per booking Cancellation rates Identify your most valuable market segments.

Hotel Marketing 52

Hotel Marketing Market Marketing Average Daily Rate 52