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RevPAR and Forecasting

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Why is forecasting so important? How are RevPAR used for forecasting?

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Why is forecasting so important? How are RevPAR used for forecasting?

Forecasting is important because it is less time consuming. It is also less costly, because at higher level forecasting has less detail. Forecasting is more accurate than budget estimates because forecasting is done frequently.

Forecasting can include Activity Budgeting in its process. Forecasting estimates the ...

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