Occupancy forecasting is more than just a way of predicting demand – it can also determine profitability. Indeed, the researchers warn that inaccurate forecasting of hotel occupancy rates can lead to costly decisions.
Reports & Surveys
Destination marketers in the city should also be aware that backpackers are more likely to support the local economy than other types of tourists, many of whom visit because of its reputation as an international shopping destination.
The negotiation of a hotel management agreement (or HMA) is a complex process, typically preceded by the negotiation of a memorandum of understanding (MOU) or a letter of intent.
The rankings evaluate 80 countries across a range of categories, from economic influence and military might to education and quality of life.
The World Tourism Organization (WTO) Secretary-General, Mr. Francesco Frangialli, addressed the Member States...