Understanding hotel booking trends is essential for maximizing revenue and minimizing losses from cancellations. The Hotel Booking Dashboard in Power BI offers a clear view of key metrics like total revenue, cancellation rates, and booking patterns.

The dashboard highlights the need to reduce cancellations and secure bookings, with a focus on peak months like August that show high revenue but also high cancellations. By examining cancellations by day of the week, it identifies key days with higher cancellation rates, providing actionable insights for improving occupancy rates.

Additionally, insights into booking lead times reveal that early bookings result in higher daily rates and lower cancellation rates, suggesting that promotions for early bookings can help secure more reliable revenue.

Check out the full report in the Power BI service to explore these insights further. If you have any questions or need more details, please ask in the comments below.