Average Length of Stay Events Forecasting 
Cloudbeds
NOVEMBER 15, 2024
For example, Cloudbeds Intelligence analyzes billions of future-looking data points, including competitor rates, events, holidays, and search information, combined with a property’s own data to understand how every combination impacts profit. This on-demand access helps staff gain practical knowledge faster.
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.
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SiteMinder
OCTOBER 10, 2023
What is hotel forecasting? Hotel forecasting is a method that is used to help managers determine their accommodation’s future demand and revenue performance. Whether you’re a seasoned hotelier or new to the industry, understanding the nuances of forecasting can be a game-changer for your business.
SiteMinder
JUNE 8, 2022
As unpredictable as it can be at times (especially through the COVID-19 pandemic), forecasting is still an important part of running a hotel and being able to make strategic revenue management decisions. What is hotel revenue forecasting? Why should your hotel use forecasting? How can you forecast effectively at your hotel?
SiteMinder
JUNE 12, 2024
It’s not just about how much a guest pays for a room, but also about how their entire stay can be enhanced and monetised. This includes offering tailored packages, suggesting room upgrades, promoting in-house dining experiences, and even curating special entertainment events.
Little Hotelier
JULY 10, 2023
For instance, if a popular performer is coming to town or a big event is happening, setting a minimum length of stay enables more revenue to be earned since rates are likely to be higher during a peak period. If you notice this happening a lot at your property, you can feel free to set 7+ minimum night stay.
Little Hotelier
NOVEMBER 6, 2023
Public holidays and popular local events will also affect how much you can charge per room. These might follow the four seasons of the year, or they could be defined by school holidays, festive seasons or major local events. Adjust pricing Forecast demand and adjust your room rates well ahead of time.
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