Putting the Past to Use: A Hotel Forecasting Tool for the Current Downturn | Erich Baum & Steve Rushmore - HVS

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 reflects typical industry standards for a declining economy.

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 reflects typical industry standards for a declining economy.