The Secrets to Hotel Demand Forecasting
Predicting the future isn’t easy, but it’s the key to effective revenue strategy. The clearer the picture you have of upcoming demand, the better you can prepare in many phases of operation, from staffing to marketing to pricing.
This webinar will provide a tutorial on how to get started with forecasting and move to more advanced topics from there. Understand the difference between constrained demand and unconstrained demand and how using different sources of data can provide more visibility into the future. By breaking down this complex discipline into simple steps, you can become more precise in your forecasts and more profitable with your pricing.
- Why demand forecasting is crucial for hotels
- Understanding the basics (constrained demand, unconstrained demand, etc.)
- How different data sources can help you in the process
- Real life examples of the impact of forecasting on hotel profitability
Look Who’s Talking
Senior Solutions Engineer
Nathaniel (or Nat as everyone calls him) manages global hotel and resort solution engineering for Duetto. He graduated in 2013 from Cornell University and holds a Bachelors of Science from The School of Hotel Administration.