The properties in our study sample were able to achieve a 1.8 percent gain in ADR during 2017, however, this was less than the forecast growth rate of 2.5 percent. ... Concurrently, operating expenses are forecast to rise by 1.9 percent, leading to an improvement in profits of roughly 3.5 percent.
That created a level of demand that the industry fell just short (-0.1%) of matching this September. ... In fact, that slight dip in demand was the first year-over-year decline in the metric since August 2015.
It was nice to see investor sentiment more aligned with the recent run of record-breaking monthly demand," said Amanda Hite, STR's president and CEO. ... "It was nice to see investor sentiment more aligned with the recent run of record-breaking monthly demand," said Amanda Hite, STR's president and CEO.
Her forecast is for RevPar growth of 2.6% next year, down from a forecasted 3.2% this year. Occupancy is essentially flat due to supply and demand being in balance, so most of RevPar is from ADR. ... They are forecasting 2018 RevPar to finish up 3.1% this year and up 2.5-3% next year.
STR's latest forecast calls for continued growth in the metric through 2019. ... "Even with supply growth significantly higher in the Top 25 Markets, high demand drove occupancy levels and gave hoteliers the confidence to push their rates a bit.
But overall trends continue to be healthy and our latest forecast calls for prolonged RevPAR growth through 2019." ... But overall trends continue to be healthy and our latest forecast calls for prolonged RevPAR growth through 2019."
The major forecasting firms, CBRE, PwC and STR are projecting that the U.S. lodging industry will achieve an annual occupancy rate of around 66 percent in both 2018 and 2019, flat as supply and demand ... According to Cleveland Research, 2018 industry forecasts are slightly higher on demand while supply remains in check; 2019 looks like a step down, according to the firm .
This analysis essentially quantifies the existing demand in a market by estimating occupancy and market segmentation for each hotel in the competitive set and results in a forecast of occupancy for each ... For example, the demand analysis may suggest that there is not enough demand in the market to support a 225-room select- or limited-service hotel but could support a 125-room select-service hotel and a
CBRE's baseline national economic forecast results in a projected1.9 percent increase in lodging demand, along with a 2.6 percent gain in ADR for 2019. ... Under CBRE's 'downside' economic scenario, the demand forecast changes to a decline of 0.6 percent and an ADR drop of 0.3 percent.
HENDERSONVILLE, Tennessee -- The U.S. hotel industry is projected to exceed earlier forecasts and continue on its record-breaking performance run through 2019, according to STR and Tourism Economics' revised ... forecast just released at the 10th Annual Hotel Data Conference.
"In fact, that lack of significant supply growth coupled with consistently high demand has enabled hoteliers to continue to push occupancy and room rates beyond peak levels. ... STR's latest forecast calls for RevPAR growth of 2.9% for 2018 and 2.4% for 2019.
"Demand for project-based business travel will continue to rise with top project-intense sectors forecasted to grow faster than the broader economy in the coming years," said Michael W.
Given the strong first quarter performance, CBRE's 2018 annual forecast for growth in lodging demand has increased from 1.8 percent in its March forecast report to 2.1 percent in the June edition. ... As noted before, lodging demand increased during the first quarter of 2018 at a pace of 3.0 percent. Yet by years end, CBRE is forecasting the annual increase to be just 2.1 percent.
Still, the TTI forecasts a healthy trajectory for travel overall through 2018. ... bookings data from ADARA and nSight; Airline bookings data from the Airlines Reporting Corporation (ARC); IATA, OAG and other tabulations of international inbound travel to the U.S.; and hotel room demand
Its product suite includes: guestrev® , an intuitive and easy-to-use revenue management solution that analyzes total guest value across a hotel or casino property to forecast and price rooms; grouprev® ... , an innovative group pricing solution that streamlines the process of responding to group RFPs by analyzing historical data, future demand, and price sensitivity to recommend the best pricing for group
The following report examines the effects of past recessions on hotel performance in Manhattan, as well as the dynamics of hotel supply and demand and forecasts for the health of the local lodging industry ... The following report examines the effects of past recessions on hotel performance in Manhattan, as well as the dynamics of hotel supply and demand and forecasts for the health of the local lodging industry
The major forecasting firms, CBRE, PwC and STR are projecting that the U.S. lodging industry will achieve an annual occupancy rate of around 65 percent in 2018. ... It seems that this will be the year that supply meets demand so there is likely to be flat occupancy levels in 2018.
Unique Demand Impacts "The declines in occupancy forecast by CBRE for 2018 are not solely attributable to the increases in supply," said John B. ... "We also are forecasting demand growth slowdown from 2.7 percent in 2017 to 1.8 percent in 2018."
"Duetto has established itself as the market leader in the hotel revenue management space, providing its customers with next-generation solutions to optimize demand, maximize rates and minimize costs," ... The company's intelligent reporting application ScoreBoard forecasts and analyzes performance, delivering key insights to stakeholders across the organization.
Its product suite includes: guestrev® , an intuitive and easy-to-use revenue management solution that analyzes total guest value across a hotel or casino property to forecast and price rooms; grouprev® ... , an innovative group pricing solution that streamlines the process of responding to group RFPs by analyzing historical data, future demand and price sensitivity to recommend the best pricing for group