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
Additional Revenues Needed With RevPAR forecast to grow less than three percent on an annual basis through 2021, hotel owners and operators are looking for other sources of revenue to bolster the top line ... Hoteliers are challenged to develop new, or expand existing, other operated departments that offer the services today's guests demand, and value.
groundbreaking revenue and profit optimization 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
Popular leisure attractions throughout the area continue to attract strong fly-in and drive-in demand. ... Leisure demand is typically strongest during key weekends and during the summer vacation season.
Greater capital investment in research, plants, and equipment may be stimulated, which should in turn generate stronger commerical, and even meeting and group, demand for hotels. ... Thus, we can conclude that the impact of rising interest rates will be modest if the economic forecasts of higher GDP growth hold true.
The U.S. hotel industry also set records for supply (roughly 1.87 billion roomnights available) and demand (roughly 1.23 billion roomnights sold). ... That allowed the industry to end the year well above forecasted levels after seeing more modest rates of growth through the first half of 2017."
Based on daily data from December, Munich reported the following in year-over-year comparisons: Supply: +3.7% Demand: +3.9% Occupancy: +0.3% to 68.7% Average daily rate (ADR): +4.9% to EUR118.24 Revenue ... The January edition of STR's market forecast will be available by the end of the month.
Already, guestrev has helped us with pricing recommendations, while revintel has helped with forecasting and budgeting. ... 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