Practical time series forecasting for the hospitality manager

David Cranage

Research output: Contribution to journalArticle

17 Scopus citations

Abstract

One of the most basic pieces of information useful to hospitality operations is gross sales, and the ability to forecast them is strategically important. These forecasts could provide powerful information to cut costs, increase efficient use of resources, and improve the ability to compete in a constantly changing environment. This study tests sophisticated, yet simple-to-use time series models to forecast sales. The results show that, with slight re-arrangement of historical sales data, easy-to-use time series models can accurately forecast gross sales.

Original languageEnglish (US)
Pages (from-to)86-93
Number of pages8
JournalInternational Journal of Contemporary Hospitality Management
Volume15
Issue number2
DOIs
StatePublished - Apr 1 2003

All Science Journal Classification (ASJC) codes

  • Tourism, Leisure and Hospitality Management

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