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
In Table 1, we show national Airbnb demand as a percent of traditional demand surpassed 2.5 percent in 2016. ... In Table 2, we show how average daily demand is broken down by each of the 60 markets that CBRE Hotels' Americas Research forecasts each quarter.
NASHVILLE, Tennessee -- The U.S. hotel industry is projected to experience continued performance growth through 2017, albeit at a slower rate, according to STR and Tourism Economics' most recent forecast ... "We're selling more rooms than ever before, we're setting records, we're not forecasting a recession," Hite said.
Based on the first half performance data, CBRE Hotels' Americas Research adjusted its forecast for the year 2016. ... The occupancy forecast represents an improvement over the 0.1 percent decline presented in June 2016 edition of Hotel Horizons ® , but the ADR and RevPAR forecast rates are 0.8 and 0.6 percentage points
Demand for Portland's hotels has reached new heights in recent years, spurring an influx of proposed supply. ... Given high demand levels and the limited amount of new supply this year, occupancy is forecast to increase in 2016, followed by a modest decline over the next three years as new supply outpaces demand
Following the 2015 record of $2.45 billion, total fees and surcharges collected by U.S. hotels are forecast to increase to another record level of $2.55 billion in 2016. ... U.S. lodging industry fees and surcharges have increased every year except for brief periods following 2001 and 2008 when lodging demand declined.
In the absence of catastrophic events, hotel demand usually falls victim to the natural death of the up-cycle. ... Our Hotel Horizons ® forecasts portend such a balance. During the next two years, supply growth is expected to moderately exceed demand growth in the U.S. hotel market.
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.