Learn additional forecasting techniques and become a better hotel manager
What you'll 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
Requirements
Basic understanding of statistics
Basic understanding of math
Understanding hotel operations
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!
Overview
Section 1: Introduction
Lecture 1 The introduction to advanced forecasting for hotel managers
Section 2: The short term and long term forecast
Lecture 2 2.1 Short term and long term forecasting part 1
Lecture 3 2.2 Short term and long term forecasting part 2
Section 3: The moving average forecasting techniques
Lecture 4 3 The moving average forecast
Lecture 5 4 The weighted moving average forecast
Section 4: Exponential smoothing forecasting
Lecture 6 5 Exponential smoothing for hotel managers
Beginner hotel managers,Beginner business owners,Beginner bed and breakfast owners

Homepage

https://www.udemy.com/course/advanced-forecasting-for-hotel-managers/