Tag: forecasting
Profitability Amid Uncertainty: Why Hotels Rely on Revenue Management Technology
Success in hospitality is often determined by how well a property can plan for what’s to come, but how can hotels hope to navigate...
Otelier Launches Next Generation of TruePlan Platform
BETHESDA, Maryland—Otelier announced the launch of the next generation of TruePlan, its budgeting and forecasting platform. The redesign will include a new user interface...
IDeaS Introduces Channel Forecasting Dashboard for G3 RMS
MINNEAPOLIS—IDeaS announced a Channel Forecasting Dashboard for IDeaS G3 Revenue Management System (RMS), empowering profitable decision-making across all channels.
Available to clients with channel costs...
Forecasting Hotel Reservation Cancellations With Machine Learning
Forecasting the demand of hotel reservations is a key piece of setting strategic pricing and establishing inventory allocation practices. Managers can optimize overbooking limits,...
Finding Business in 2020: Capturing Demand in Beach Markets and Beyond
Since the pandemic’s low point in mid-March when COVID-19 began prompting shutdowns and travel restrictions in the United States, STR recorded just three instances...