How to create transient reservations forecast that is based on short-term trends
The COVID19 pandemic made reservations data from 2019 obsolete. Hotels can not expect the same level of demand and the same booking patterns.
How can we forecast the number of reservations transient guests will book for a specific day in the future if we can not rely on the last year's data?
I will walk you through a forecasting method that gives more weight to the current short-term trends.
How can we forecast the number of reservations transient guests will book for a specific day in the future if we can not rely on the last year's data?
I will walk you through a forecasting method that gives more weight to the current short-term trends.
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