Advanced forecasting for hotel managers

Learn additional forecasting techniques and become a better hotel manager

4.65 (12 reviews)
Udemy
platform
English
language
Management
category
383
students
1 hour
content
Oct 2020
last update
$39.99
regular price

What you will learn

Forecasting room nights

Advanced forecasting techniques

What is needed to forecast

How to forecast accurately

Smoothing techniques

The importance of forecasting

Short term forecasting

Long term forecasting

Forecasting based on ROH

Forecasting based on the booking curve

Description

This course 'Advanced forecasting for hotel managers' is based towards students who are new to forecasting in the hospitality industry.

If you have little to no experience in forecasting and want to learn the basics and more advanced techniques of forecasting then this course is for you.

Together we will discuss all the basics of forecasting in a hotel. By the end of this course you will have a solid foundation and basic understanding of; what forecasting is, what you need in order to make a forecast, why forecasting is important and more.

When you've finished this course you'll be able to make a simple, quick and effective forecast for your hotel. You'll know how to use historical forecast to set up new forecasts and are capable of setting up a forecast based on the booking curve. Not only will you be able to set up a forecast, but you will also be able to define how accurate your forecast is.

So learn to forecast today!

Content

Introduction

The introduction to advanced forecasting for hotel managers

The short term and long term forecast

2.1 Short term and long term forecasting part 1
2.2 Short term and long term forecasting part 2

The moving average forecasting techniques

3 The moving average forecast
4 The weighted moving average forecast

Exponential smoothing forecasting

5 Exponential smoothing for hotel managers

Screenshots

Advanced forecasting for hotel managers - Screenshot_01Advanced forecasting for hotel managers - Screenshot_02Advanced forecasting for hotel managers - Screenshot_03Advanced forecasting for hotel managers - Screenshot_04

Reviews

Narek
February 13, 2023
Excellent course and great statistical analysis! Jeroen, if you can, please move your camera icon during some presentations, because it is blocking the data you are trying to show. When your icon is on the bottom-right during your statistical presentation, I cannot see the numbers you are talking about. Otherwise, thank you so much!
David
January 29, 2023
Great course. I had no experience in forecasting. I was able to follow along and get the same results.

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Related Topics

3206157
udemy ID
6/5/2020
course created date
6/14/2020
course indexed date
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course submited by