You must forecast, but don’t guess. To maximise asset performance, hoteliers need to monitor hotel metrics including average daily rates. But how do you build the forecast?
Also, check out this tutorial: The Important Hotel Performance Metrics
Assumptions drive forecasts and hotel average daily rates impact your final profit and loss budgets. You need to minimise budget variances, regardless of site or currency.
via Average Daily Rate Tutorial – Existing and New Hotels • Hoteliyo.
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