Demand Forecast for Hospitality
Boost Hospitality Profitability
Case Study - Hotel chain
50 hotels in Europe. 6,000 rooms. $150 annual revenue. Avg price per room: $75
Forecast error
reduction
+15%
1st year: 35%
2nd year: 20%
Revenue attributed to Demand Forecast
+$7m
1st year: $145
2nd year: $152
Profit attributed to Demand Forecast
+$2m
1st year: $13m
2nd year: $15m
Keys
Tailored predictive algorithms
At Beforecaster, we blend human expertise with advanced machine learning for exceptional results. Our crafted algorithms ensure precise forecasting, a vital business asset. Our collaborative team delivers accurate, actionable insights that empower informed decision-making. Stand out in today ’s data-driven world by partnering with Beforecaster to enhance your business and optimization.
Strategically Accessing the Appropriate Data Sources
Our methodology relies on analyzing diverse data streams, including historical demand, weather, events, epidemics, and transportation costs. We believe that thorough data utilization is crucial for accurate forecasting decision-making. By processing this information, we provide businesses with insights to adapt to market changes and optimize operations for a competitive edge. Embrace diverse data for informed strategies.
Minimizing Forecasting Inefficiencies and Waste
We understand that prediction accuracy depends on both data and forecaster quality, so we implement a thorough evaluation process. By assessing and forecasting components, we enhance our models for reliable insights. Our dedication to excellence guarantees clients receive precise forecasts, enabling informed decisions and a competitive advantage. Partner with us for outstanding forecasting results.
Continuous updates
In today's fast-paced business environment, static forecasts fall short. Our models provide real-time updates with new data, keeping insights current and triggering alerts for significant changes. This empowers businesses to adapt quickly, seize opportunities, and manage risks effectively. Partner with us for a competitive edge through forecasting and timely alerts.