Putting the Past to Use: A Hotel Forecasting Tool for the Current Downturn
HVS, with 11 domestic offices and 14 worldwide, has a massive database of historical operating data. As we entered the current downturn, it occurred to us to look at the actual data for hotels that experienced major rooms revenue losses from 2000 to 2002, in order to see what we could learn about the other categories. What we came away with is a new forecasting tool that can help analysts build a forecast or confirm that an existing forecast...
About HVS: Established in 1980, HVS experts literally “wrote the book” on how to value hotels, shared ownership products, restaurants, and more. Hotel owners, operators, lenders, banks, and management companies all turn to HVS as the respected authority on hospitality. We possess detailed knowledge and experience in the markets where we have a presence, and in the regions in between. Whatever the real estate or consulting need, HVS associates possess experience in a wide range of hospitality and operational disciplines. Our entrepreneurial mindset and company-wide philosophy allow us to think as if we were owners and operators ourselves. We know this approach best suits our clients’ needs. Click here for more...
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