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Video | Demand Monitoring for Effective Forecasting

Video | Demand Monitoring for Effective Forecasting

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Monica Xuereb, Chief Revenue Officer at Loews Hotels, and Chris Baniewicz, Senior Manager, Revenue Performance Solutions at Expedia Group, join André Baljeu to share their expertise and practical tips: Why is monitoring demand important? How to best monitor demand for effective forecasting?


Time-Stamps

00:00 - Introduction

01:25 - Importance of Demand Forecasting

02:27 - Why is Monitoring Demand so important? What should Hotels monitor?

03:45 - The 3 Types of Demand Forecasting - Operational, Revenue & Budget Forecasting

06:44 - Methods of Demand Forecasting

What’s the difference between the two primary methods - Quantitative & Qualitative Demand Forecasting?

08:45 - Collecting & Recording Data - What types of data to consider?

14:40 - Demand Forecasting Approach & Tools

16:48 - Hotel Budget & Its Role

19:07 - Conclusion


Resources mentioned in the Video

Traveler Value Index: 2022 Outlook l Travel Trend Report l Q1 2022


Monica Xuereb, Chief Revenue Officer at Loews Hotels & Co

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Connect with Monica on LinkedIn.


Chris Baniewicz, Sr. Manager, Revenue Performance Solutions at Expedia Group

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Chris Baniewicz is a Sr. Manager for the Revenue Performance Solutions team at Expedia Group. This team is driven by the mission to power revenue performance insights for everyone, everywhere. By leveraging Expedia Group data, technology, global reach, and machine learning capabilities, they aim to level the playing field for all lodging & vacation rental partners. They are focused on accelerating commercial outcomes for Expedia Group’s supply partners using immersive & intuitive products, APIs, and innovative data & technology partnerships. Chris is passionate about helping lodging partners be successful by adopting revenue performance technology and practices.

Before joining Expedia Group, Chris was a Director of Revenue with Accor Hotels. Chris completed his bachelor’s degree in Hotel, Restaurant, and Institutional Management from The Pennsylvania State University. In addition, he holds a Certificate in Hotel Revenue Management from The School of Hotel Administration, Cornell University.

Connect with Chris Baniewicz on Linkedin.

About Expedia Group

Expedia Group, Inc. companies power travel for everyone, everywhere, through our global platform. Driven by the core belief that travel is a force for good, we help people experience the world in new ways and build lasting connections. We provide industry-leading technology solutions to fuel partner growth and success while facilitating memorable experiences for travelers. The Expedia Group family of brands includes Expedia®, Hotels.com®, Expedia® Partner Solutions, Vrbo®, trivago®, Orbitz®, Travelocity®, Hotwire®, Wotif®, ebookers®, CheapTickets®, Expedia Group™ Media Solutions, Expedia Local Expert®, CarRentals.com™, and Expedia Cruises™.

Expedia Group is a Founding Member at techtalk.travel


Also make sure to find these supporting content elements of the editorial Demand Monitoring for Effective Forecasting

Also, find the first Editorial discussing Revenue Performance Principles for Independent Hotels

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