London and Regional UK hotels set for growth in TRevPAR and GOPPAR in 2014 and 2015
E-forecasting and HotStats launch quarterly hotel market profitability forecasts reports with quarter 3 results
Regional UK total revenue per available room (TRevPAR) and gross operating profit per available room (GOPPAR) are forecast to rise by the end of the year by 6.5% and 14.4% respectively, while London will also experience positive year-on-year comparison but at a slower pace with TRevPAR and GOPPAR going up in 2014 by 1.3% and 1.8% respectively. Moreover, both Regional UK and London hotel markets will continue to grow in 2015 with rising TRevPAR...
The Hotel Market Profitability Forecasts reports are the first of their type to present a full picture of the health of the hotel industry with a focus on occupancy, average room rate (ARR), rooms revenue per available room (RevPAR), TRevPAR and GOPPAR.
"We are delighted to be working with HotStats in launching the first Hotel Market Profitability Forecasts " commented Maria Sogard, CEO of e-forecasting.com. "By drawing even further on the depth of HotStats' unique database, we are able to glean important insights to the hospitality industry. Quarter after quarter, our subscribers take a measure of the real health in their market place and the ever changing predictive analytics that are expected to drive hoteliers' business." Mrs. Sogard continued.
"HotStats has a long-standing commitment to deliver Total Revenue and Hotel Profitability as the ultimate hotel metrics. We are very excited about the new level of hotel market intelligence insights that our partnership with e-forecasting will allow us to bring to our current and future customers as well as to the industry as a whole" added Pablo Alonso, General Manager of HotStats.
The Hotel Market Profitability Forecasts are real-time quarterly profitability forecasts covering major markets across the UK, Europe, Middle East and North Africa. Each Quarterly Forecast includes predictions for 24 months, 8 quarters and three years out for each of the key hotel performance metrics. Annual subscription is available for £1,500 + VAT for 4 quarterly reports or you can purchase one report for £850 + VAT. The next issues reporting on Quarter 4 will be released in early February 2015. Please contact [email protected] or [email protected] to purchase a report or subscription or should you have any questions.
In addition to reporting on forecasts of the hotel metrics of occupancy, ARR, RevPAR, TRevPAR and GOPPAR, the Quarterly Hotel Market Profitability Forecasts also provides in-depth analysis of the economic environment and its relation to the forecast for each hotel market. This additional analysis includes country-wide hotel industry pulse (HIP) and hotel industry leading indicator (HIL) monthly readings, probabilities of an upcoming recession in the hotel industry, the country's monthly GDP, a foreign travel leading indicator specific to each market, labour market conditions, inflation, exchange and interest rates, energy prices and other special events.
e-forecasting.com, an international economic research and consulting firm, offers forecasts of the economic environment using proprietary, real-time economic indicators to produce customised solutions for what's next. e−forecasting.com collaborates with domestic and international clients and publications to provide timely economic content for use as predictive intelligence to strengthen its clients' competitive advantage. For more information visit www.e-forecasting.com
HotStats is a leading company providing profit and loss data to the hospitality industry. We go beyond RevPAR to focus on total revenues and profits conversion. For further information, please visit www.hotstats.com