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
The guestrev solution, Rainmaker's flagship product, provides hoteliers with the tools they need to forecast demand at the finest level of granularity, model the impact of events and detect demand patterns ... "The integration between the Rover PMS and guestrev enables properties to forecast demand, set accurate pricing and improve year-over-year performance.
The industry is demanding higher profits, more loyalty and an end to brand DNA draining away. ... Forecast into the Unknown How do you pair the analyst and strategist to become an unbeatable revenue manager?
Based on market trends and forecasts about consumer demand, revenue managers are able to maximize revenue during high-demand periods and stimulate demand during periods of lower activity. ... All of this information must be synthesized before revenue managers can forecast demand, develop dynamic pricing strategies, and successfully navigate the complex landscape of online distribution channels
Each of those markets, excluding Nashville and Houston, have grown demand faster, mitigating performance declines. ... Amanda Hite , STR's president and CEO, revealed the company's revised U.S. forecast for 2017 and 2018 during a panel with Mark Woodworth (senior managing director for CBRE Hotels' Americas Research) and
"Demand growth exceeded forecasts during the second quarter, which falls in line with reports that tourism has surpassed expectations," said Amanda Hite, STR's president and CEO. ... That lack of pricing power will be more of an issue in 2018 when occupancy is forecasted to decline.
According to CBRE, leisure demand now represents a greater portion of total demand; this has been the primary contributor to the record occupancy levels discussed above. ... in hotel demand.
"This is a great accomplishment for us and an early indicator that we will be ahead of our forecast due to the incredible demand in the US market, says Founder Max Campos.