Although there is considerable interest in advance bookings model as a forecasting method in hotel industry, there has been little research done to analyze the use of advance booking curve in forecasting hotel reservations. The mainstream of advance booking models reviewed in the literature uses only the bookings-on-hand data on a certain day and ignores the booking data beforehand. It is also common industry practice using only the current bookings-on-hand and ignoring the booking data beforehand in forecasting. This empirical study analyzes the entire booking dataset in one year provided by Hotel ICON, and identifies the trends and patterns in the data. The analysis demonstrates a more in-depth understanding of advance bookings modeling and the use of advance booking curve in forecasting hotel reservations at property level.
Learn how IQubz Hospitality BI delivers hotel booking pace reporting and advance booking curve analysis by automating booking data extract, data warehousing and data visualization.
The above abstract is originally published in a research paper on the Iowa State University’s website.
For the complete research paper, click here.
ERP systems do and let you do, what they are designed for – i.e. run your day-to-day business operations and provide the current state of your business. Business managers and decision makers need to go beyond day-to-day functions, and look deeper than the current state of business. In process manufacturing, one such critical area where managers can find deeper insights is the sales backlog.
Implementing process manufacturing ERP can be the key to unlocking success in many businesses. This success, however, relies upon the system’s users tracking and monitoring the right sets of system data. Here are four process manufacturing metrics that your ERP can measure and track that may provide your business with some interesting insight.
- Batch Changeover Time
- Capacity Utilization Rates
- Energy Cost per Unit
- Revenue per Employee
Learn how IQubz Manufacturing BI delivers manufacturing dashboards, KPI metrics and reporting by automating data extract, data warehousing and data visualization.
The above extract is from the blog posted on 15 April 2015 by Tom Miller on erpfocus.com.
Plainfield Precision rolls out IQubz Manufacturing Business Intelligence (BI) with consolidated information from five plants across three countries
Irvine, CA, February 15, 2011
Plainfield Precision, today, announced a corporate-wide roll-out of its data warehousing and business intelligence solution. The solution is developed by Orange County, California-based IQubz LLC.
IQubz Manufacturing Business Intelligence (Mfg BI) consolidates data from Plainfield’s five production facilities across three countries into a single data warehouse. Key Performance Indicator (KPI) dashboards, reports and ad-hoc analysis are available via a secure web portal. The BI subject areas comprise of sales, purchases, inventory, general ledger, receivables, payables and manufacturing operations.
Southern California-based Microsoft Certified Partner announces the new release of its hotel BI solution, built on Microsoft SQL Server platform, with improved data integration, dashboards, scorecards, analytics, and lower total cost of ownership
Lake Forest, CA, January 26, 2010
IQubz LLC, a global software solutions provider, announced today the availability of its next version of IQubz Hospitality Business Intelligence (Hotel BI), a comprehensive data warehousing and analytics solution delivering revenue, customer, and marketing intelligence. With hospitality dashboards, scorecards and ad-hoc reporting, hospitality organizations can make informed and timely decisions while improving collaboration, productivity and profitability. The latest release offers improvements such as web-based analytics, lower total cost of ownership and faster integration processes.
Southern California-based Software-as-a-Service company announces the release of a Business Visualization and Optimization solution that helps improve Revenue Generation, Resource Alignment and Cost Control
Newport Beach, CA, January 5, 2010
Vizness Solutions recently announced the general release of its business intelligence (BI) solution, Business Optimizer™. The solution was envisioned and designed by Vizness Solutions, a management consulting firm, and developed by IQubz LLC, a Microsoft Certified Partner, specializing in BI and CRM solutions.
Why Hospitality Business Intelligence?
Reporting Today, Yesterday’s News?
Your reporting system may deliver hundreds of packaged reports. Do you still resort to running queries, and extracting, copying, pasting, manipulating and formatting data as part of your “reporting” function? At the end of the day, is the information still relevant? Is it comprehensive? Is it accurate? Are your property managers, sales managers, marketing managers, revenue managers, and C-level executives on the same page? The hotel business has become increasingly competitive with your hotel room sold as a commodity on someone else’s website. Your business environment is changing rapidly. Can you afford to manage your hotels by looking at yesterday’s figures?
The joint team at IQubz and the Microsoft Technology Center (MTC) tests IQubz solutions built on Microsoft Dynamics CRM and Microsoft BI platforms for hotels, chains and resorts
Newport Beach, CA, September 8, 2008
IQubz, a global provider of Customer Relationship Management (CRM) and Business Intelligence (BI) solutions, announced today that it accomplished the scalability and performance test of its solutions at the MTC in Irvine, California.