Otelier.io TruePlan is a forecasting and budgeting platform designed specifically for the hospitality industry. It helps hotels of all sizes create accurate forecasts for demand, revenue, and expenses, enabling them to develop data-driven budgets and optimize financial performance.

Key features:

• Automated Forecasting: Utilizes machine learning to automatically generate forecasts based on historical data, market trends, and external factors.
• Scenario Planning: Allows hoteliers to model different scenarios and analyze the potential financial impact of various decisions before implementation.
• Budgeting & Reporting: Offers tools to create budgets aligned with forecasts, track performance against budget, and generate insightful reports.
• Collaboration: Enables teams to collaborate on forecasts and budgets, ensuring everyone is on the same page.

Benefits:

• Improved Accuracy: Reduces the risk of errors associated with manual forecasting and budgeting.
• Enhanced Agility: Allows hotels to adapt to changing market conditions more quickly and effectively.
• Better Decision-Making: Provides data-driven insights to support informed financial decisions.
• Increased Profitability: Helps hotels optimize revenue and expenses to improve profitability.