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
The passenger count is forecast to surpass one million in 2017. ... The depth and strength of demand generators spanning the Seattle metropolitan area have supported the current strong market dynamics.
Strong Demand in Suburbs The growth in hotel demand across the suburbs has outpaced new supply in recent years, resulting in a similar pattern in occupancy and ADR. ... ADR growth is also forecast to slow in the near term, as market participants aim to maintain occupancy rates. Other suburbs are likely to experience similar trends.
IPK's Travel Confidence Index forecasts further growth of 4 percent next year. ... IPK's Travel Confidence Index forecasts slightly higher growth of 6 percent in Latin American outbound travel in 2018.
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
"Our property is unique, with a variety of room categories and large group demand," said Phillip Goldfarb, president and chief operating officer at Fontainebleau Miami Beach. ... 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
"We are particularly attracted to state capitals and university markets that tend to remain stable and consistent from a hotel demand perspective." ... Additional demand generators include the DuPage Children's Museum, Wheaton University and the Chicagoland Speedway.
Rainmaker's 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
Atlanta -- The U.S. lodging industry is forecast to enjoy continued levels of record occupancy through 2019. ... Our forecasts show that hotels will sustain a very high level of performance.
The LAX/El Segundo area has experienced robust growth in hotel demand in recent years, buoyed by increased passenger volume at LAX, the addition of new upper-upscale hotels, and sustained corporate demand ... hotel demand in the future.
Three of the forward looking indicators of business activity that comprise Hotel Industry Leading (HIL) Indicator had a positive contribution to its change in September: Foreign Demand; New Orders, and ... compared to a 30-year average annual growth rate of 2%," said Evangelos Simos, professor of economics at the University of New Hampshire and series editor for predictive analytics databases at e-forecasting
"Due to stronger demand, occupancy growth has exceeded earlier forecasts. ... All other segments are forecasted to see a dip in occupancy.
Rainmaker's 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
His career experience includes senior positions in the hotel, casino and airline sectors, and he is a frequent speaker on a wide variety of revenue management topics, ranging from forecasting to capital ... 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