Today's Revenue Management thought:-
Look Beyond the Numbers
Budgeting isn’t just about crunching numbers. It’s about context. Historical data can provide invaluable insights, but it’s not the whole picture. This year, take the time to evaluate the world around you. What external factors—global events, local tourism trends, or economic shifts—could impact your hotel in the coming year?
By weaving these broader elements into your budget, you’ll be better prepared for challenges and opportunities alike. It’s not just about predicting numbers; it’s about understanding the forces that will drive those numbers.
Have a profitable week !
✌🏼