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
