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Overview
The occupancy rate, a simple KPI, allows hotel owners to understand how their business compares to competitors and its historical data over time. With this knowledge under the hood, hotel owners can set appropriate rates, predict guests' stay patterns, plan maintenance, and staff appropriately.
What You'll learn
- Importance of occupancy rate forecastingAnalysis of occupancy rate trends over the past few years
- Current challenges facing the industry
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Hotel Occupancy Rate Trends and Forecasting in 2023
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Want to talk to a Guest Messaging Software expert?
As the official sponsor of this guide, the chatlyn team offers Hotel Tech Report users a free 30-minute consultation to help you learn about Guest Messaging Software and which is right for your hotel.
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