Demand Calendar

APRIL 19, 2023

Fast forward to today, general managers appreciate that revenue managers collect, compile, analyze, and provide information based on data. It gives the general manager a better understanding of what happened (monthly reporting) and what the future might look like (forecasting).

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General Manager Management Forecasting Revenue Management 66

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. Once your hotel has an idea of demand, you can make tweaks to your room and service prices that help maximise revenue and occupancy.

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Forecasting Cancellation Average Length of Stay Revenue 52

Demand Calendar

MARCH 13, 2023

Forecasts should be reasonably accurate, but they will never be entirely correct. Therefore, the revenue management system should take the first shot at forecasting. The second opinion is that the revenue manager will add the human touch based on extensive experience from the destination and the hotel.

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Hotel Management

MAY 2, 2023

APAC Revenue Management Summit 2023 – “Unstoppable” May 23 and 24 Are you looking to take your revenue management skills to new heights? Look no further than the APAC Revenue Management Summit , the must-attend conference for hospitality and tourism operators.

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Demand Calendar

MAY 13, 2024

Revenue performance management encompasses various activities to optimize revenue through strategic pricing, inventory management, marketing, and sales practices. It involves analyzing performance metrics, forecasting future demand, and making informed decisions to enhance profitability.

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SiteMinder

APRIL 25, 2024

With every passing year, revenue management is playing a more central role at hotels as they navigate a landscape now locked in a permanent state of change. The exact genesis of yield management (now revenue management) in the hospitality sector is hotly debated,” says Stuart-Hill. “The

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Hotel Business

JUNE 8, 2023

In prior leadership roles, Gatzemeyer developed comprehensive analytics platforms by utilizing forecasting, machine learning and data mining techniques to enhance owner profitability. HVMG’s business intelligence strategic initiative and the culture of excellence they’ve fostered, are a perfect fit for me,” Gatzemeyer said.

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Business General Manager Forecasting Revenue Management 52