The key elements of a forecast are:

1 - Occupancy Forecast Predicts the percentage of available rooms that will be occupied over a specific period. This information is useful for future planning on operational issues, including staffing, housekeeping, etc.

2 - Revenue Forecast Estimates future revenue based on expected room sales, average daily rate (ADR) and other non-room revenue streams, including food and beverage, spa services, events, etc. This information is particularly useful in budgeting and developing accurate revenue management strategies.

3 - Demand Forecast Estimates the number of guests and/or room nights expected at the property over a set period of time. This information is useful in establishing more accurate rates, as it acts as a reflection of upcoming market demand.

4 - ADR Forecast Estimates the average rate at which rooms will be sold over a set period of time, which is useful for setting pricing strategies which maximise RevPAR.

5 - RevPAR Forecast Predicts revenue generated per available room, combining occupancy and ADR. This information is a key indicator of the hotel's overall performance and profitability.