Today's Revenue Management thought:-

“Room rates tend to go higher” or “Recessions are cyclical.” These are not forecasts, because they lack specifics.

The statement “Room rates will increase to €255 by the Q2 of 2023,” on the other hand, has all the elements of a forecast, and it will either be proven right or wrong.

Be specific and clear in your wording.

Have a profitable week.

✌🏼

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