Thus, trends that cause changes in vacancy rates or in the amount of occupied office space may have a proportional impact on commercial lodging demand and a less direct effect on meeting demand. ... However, supply is forecast to outpace demand from 2016 to 2019, with the inventory of occupied office space expected to increase at an average annual compound rate of 1.6%, and available office space
Hotel Market Performance and Forecast The following charts illustrate trends in occupancy, average rate, and RevPAR for Phoenix hotels' forecast period from 2016 to 2018. ... Thus, trends that cause changes in vacancy rates or in the amount of occupied office space may have a proportional impact on commercial lodging demand and a less direct effect on meeting demand.
HENDERSONVILLE, Tennessee -- The U.S. hotel industry is projected to see slower but steady growth through 2018, according to STR and Tourism Economics ' first forecast of 2017. ... "Demand has outpaced supply in terms of growth for seven consecutive years, but we expect that to change in 2017 and continue in 2018," said Amanda Hite, STR's president and CEO.
New York, NY -- The updated lodging forecast released today by PwC US notes that strong industry performance in the fourth quarter of 2016, including encouraging trends in demand and average daily rate ... higher than in PwC's November forecast .
Further slowing of RevPAR growth has been anticipated; however, given recent revised economic forecasts, the outlook may improve. ... Economic growth fuels hotel demand, so the current soft landing may transition to another leg for this cycle.
Susan Devine says that Preferred is forecasting continued growth. ... Market intelligence that can discern future demand for a given market can provide insight into trends historical data may not reveal.
Market Drivers A still-booming tech industry, a popular convention center, and strong year-round tourism are driving near-record demand in San Francisco. ... Hotel Supply and Demand The San Francisco lodging supply currently includes approximately 220 properties with over 34,000 guestrooms.
Although the levels of demand fluctuated during the recession and subsequent government shutdown and sequestration, the volume of travel related to government activity, complemented by steady tourism demand ... hoteliers to optimize average rate during peak demand periods.
With integrated analytics, rGuest Stay also delivers real-time management information so that managers can accurately forecast demand and scale services accordingly.
This is especially clear in the form of leisure demand related to the area's ski industry. ... Hence, hotels throughout Salt Lake City also benefit from ski-related demand.
Despite the lofty occupancy levels, CBRE is forecasting a national ADR increase of 3.3 percent in 2017. ... We are encouraged by the positive outlook for lodging demand and resulting high levels of occupancy.
Despite the lofty occupancy levels, CBRE is forecasting a national ADR increase of 3.3 percent in 2017. ... We are encouraged by the positive outlook for lodging demand and resulting high levels of occupancy.
The impact of the recently concluded US elections, coupled with plateauing growth in corporate profits, is expected to continue to impact corporate transient demand. ... continued weakness in lodging sector demand growth.
"Opposite of last month, we expected results to be fairly weak with the Jewish holiday calendar shift (September 2015 to October 2016) having a pretty significant impact on Group demand. ... Supply and demand each grew 1.5% through the first 10 months of the year, and while that will likely be the case through the end of the year, we are forecasting supply to pull ahead in 2017 and place further
HENDERSONVILLE, Tennessee -- The U.S. hotel industry is projected to experience continued but muted performance growth through 2017, according to STR and Tourism Economics ' final forecast of 2016. ... "As supply eventually outpaces demand, rate will determine the level of RevPAR (revenue per available room) growth the industry experiences for the next several years," said Amanda Hite, STR's president
"Both of those segments maintained demand growth through the first three quarters of the year, and we're forecasting more demand growth in the coming years. ... "Both of those segments maintained demand growth through the first three quarters of the year, and we're forecasting more demand growth in the coming years.
In her new role, Orr will take charge in the management of group and transient pricing, conduct competitive and demand analysis, using market and industry reports, and maintain short and long term forecasts
The latest HIP reading will be used to update e-forecasting.com 's total US Monthly Hotel Forecast as well as market level forecasts for the top 25 US markets. ... The firm also covers EMEA markets via a partnership with HotStats with hotel market profitability forecasts.
Following among the largest percent and dollar increases in corporate contract rates in decades of typically between 5.75 to 7 percent for 2016, the forecast for 2017 is for increases on 3.25 to 4.0 percent ... U.S. hotel occupancy in 2015, approximately 65.5 percent, was the highest since 1984 and consensus forecast for 2016 at the time of the negotiations was for occupancy to increase, so the balance of power
The report also provides the most current information available on today's market, as well as forecasts for supply growth and hotel performance. ... The 2016 HVS Manhattan Lodging Overview 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