Forecasting

Hotel Finance Teams: Time to Re-Evaluate Your Budget Drivers

When budgeting for 2022, historical data is no longer appropriate. Instead, hoteliers must establish a new baseline data set.
Charlestowne Hotels Invests in Tech to Enhance Guest Experience

Charlestowne’s latest tech investments provide the infrastructure necessary to manage all 50+ hotels from one central hub while strengthening the framework for a number of the company’s core disciplines, including marketing services, revenue management, strategic operations and F&B management.

Global Hotel Occupancy Reaches Two-Thirds of Pre-Pandemic Levels in April 2021

Data shows worldwide hotel occupancy increasing from 31% in January 2021 to 46% in April 2021.
Hopper Launches 'Stay the Night' Hotel Booking Feature

New feature offers consumers a simple way to book great last-minute rates.
myDigitalOffice Acquires Broadvine

Broadvine is a provider of hotel budgeting, forecasting, and performance reporting technology.
Arbor Lodging Management is Emerging Strong from Pandemic with Aptech Financial Solutions

Leveraging Execuvue and Targetvue for business intelligence and budgeting and forecasting since 2020, this hotel management group is retrieving relevant data in real time and making smarter business decisions that impact its profitability and growth
ProfitSword Implements Full Suite of Business Intelligence Solutions at Regal Hospitality

Rapidly growing hotel management company leverages ProfitSword’s seamless integration abilities to achieve real-time budgeting and forecasting efficiency while ensuring that sales goals, inventory levels and labor resources are always effectively monitored.
Amadeus Expands Hoteliers’ Access to Historical Market Insight to Complement Forward-Looking Data

Combining 2019 and 2020 historical market performance with 12 months of forward-looking, on-the-books occupancy and pace data, hoteliers can now view 36 months of the industry’s most comprehensive booking data to create more informed recovery strategies.
Duetto Grows EMEA Portfolio by 40,000 Hotel Rooms

Cloud-based revenue strategy platform is now optimizing pricing for more than 225,000 rooms across Europe, Middle East & Africa.
Hospitality Technology is a Catalyst for Business Agility: Here’s How to Take Advantage

A lack of business agility directly correlates with immature FP&A capabilities in hospitality businesses.
HFTP Academy Debuts New Hospitality Benchmarking Certificate, In Collaboration with HotStats and Powered by Ascend

The new certificate demonstrates a hospitality professional’s expertise in financial analysis and benchmarking.
Duetto Welcomes Back RLH Corporation

RLH Corporation has started the redeployment of Duetto's pricing application, GameChanger, and its reporting and forecasting tool, ScoreBoard, across its owned and leased hotels.
Expedia Group Rev+ Now Available in Sabre's SynXis Platform

Partnership makes real-time market insights available to hoteliers.
Russell Partnership Technology Launches Hotel Forecast Toolkit to Assist with Recovery

With hoteliers struggling to build accurate financial forecasts due to COVID-19, Russell Partnership Technology has created a low-cost forecast toolkit to help staff more clearly understand their future.

A collection of news, articles and other featured content about Forecasting.