Hotels can optimize booking, pricing, revPAR, staffing and inventory planning to make the most of the upcoming demand surge.
PredictHQ’s predicted event spend helps companies understand how live events impact their categories. For example, a Taylor Swift concert boosts both direct and ancillary revenues for ticket sales, hospitality, retail, transportation, and tourism.
Live events are expected to drive $95B in U.S. spending in 2024. Predictive event data allows businesses to identify potential surges in demand by providing insights into event schedules, attendee numbers, and spending. This foresight is crucial, especially in planning inventory, staffing, and promotional activities.
Hotels can optimize booking, pricing, revPAR, staffing and inventory planning to make the most of the upcoming demand surge.
Quick-service restaurants or any local kitchens and bars can plan for extending their hours, ensuring enough supply and staff during high demand from increased foot traffic.
Mobility and delivery providers can optimize their routes and schedules for increased demand, ensuring availability and efficient service to capitalize on moments that drive the bottom line.