How Hoteliers Should React to New Forecasting Challenges in 2021
Overview
The onset of the COVID-19 pandemic has demonstrated, all too easily, that traditional hotel budgeting and forecasting can be quickly thrown out the window. In 2021, as hoteliers grapple with the unforeseen challenges facing the industry, such as decreased occupancy rates and new cleaning and social distancing standards, new forecasting techniques will emerge.
What’s Inside- New budgeting challenges
- Preparing a 2021 forecast
- Labor management solutions to curb operating cost
- Revenue management considerations
