Fornova vs. HotelIQ vs. The Hotels Network: Which is a Better Fit?

Budget Creation & Planning

Department-level budget templates
Multi-year budget planning
Centralized budget input workflows
Approval workflows & audit trails

Financial Forecasting

Rolling forecasts
Daily, monthly, and annual forecasting
Forecast scenarios (best/worst case)
PMS data integration for forward-looking projections

Variance & Scenario Analysis

Forecast vs. actual comparisons
Historical trend analysis
What-if scenario modeling
Real-time alerts for budget variances

Multi-Property Consolidation

Group-level budget aggregation
Brand vs property-level visibility
Standardized templates across properties

Performance Dashboards & Reporting

Custom financial dashboards
Real-time KPI tracking (GOP, NOI, TRevPAR)
Exportable and shareable reports
Scheduled automated reports

Collaboration & Workflow Tools

Role-based user permissions
Commenting & change history
Task assignments for budget contributors
Cross-departmental collaboration features

Key Integrations

PMS, POS, and accounting system data sync
BI platforms
Real-time revenue & expense feeds
Integration with Excel and Google Sheets

Audit & Compliance Tracking

Budget versioning and locking
Approval trail visibility
Compliance checklists

What Customers Are Saying

Most Recent Review

FornovaDI (Distribution Intelligence)

Most sophisticated tool in this space

Manager, Distribution Compliance

HotelIQ Forecasting

HotelIQ doesn’t have any clients that have vouched for the product

The Hotels Network (Parity Management)

Easy to use, max impressions, great partnership

Corporate Director Revenue and Marketing

Most Positive Review

Good system with great support

Revenue Manager

User Friendly

from (Turkey)

Most Critical

Phenomenal Tool

General Manager

References

Heiko Rieder
VP of Revenue Pentahotel Birmingham