Newport Hospitality Group details how it uses STR Custom Forecasts and CoStar analytics to build hotel budgets with segment-level comparisons, mix modeling, and year-over-year commentary in a single platform.
Otelier will demo TruePlan at HITEC 2026 in San Antonio, highlighting new features including Critique, a workflow for contextualizing variances and forecast changes across hotel portfolios.
The article outlines strategies for balancing rising labor costs with operational budgets through predictive analytics, technology automation, and tiered service models during staffing shortages.
Stonebridge will deploy Otelier's platform across 160+ hotels to replace spreadsheet-driven processes and legacy systems with centralized data management.
The integration connects ProfitSword budgets with Hotel Effectiveness labor plans, eliminating manual reconciliation and creating unified labor expectations across hotel portfolios.
Wharf Hotels replaced Excel-based budgeting with FairPlanner software, reducing manual work and improving forecasting accuracy across 60% of properties in China.