Fitch is not forecasting a U.S. recession through at least 2017 and it would be unprecedented for lodging to enter a downturn without one. ... Fitch lowered its 2016 US GDP forecast to 2.1% in March from 2.5% at Dec. 31, 2015.
From the Bustling City of Shanghai to the Sunny Coast of Florida With momentum steadily building for the one year old brand, Tribute Portfolio once again answers consumer demand with the addition of three ... I expect the brand's global expansion to continue accelerating way beyond the most optimistic of forecasts."
Demand is high for all types of travel in the U.S., but the hotel sector is having an especially rosy few years with demand rising faster than supply. ... Lodging is the leading driver of growth as hotels enjoy record average daily rates (ADRs) and high demand.
With integrated analytics, rGuest Stay also delivers real-time management information so that managers can accurately forecast demand and scale services accordingly.
This number is forecast to increase to 29 in 2016 and 38 in 2017. "Declining levels of occupancy may cause some industry participants to sound the panic alarm. ... The demand for lodging accommodations is projected to expand in all 59 Hotel Horizons ® markets in both 2016 and 2017.
New Light , provided an unprecedented view of Hawaii's hotel fundamentals relative to the broader global context, the impact of debt and equity capital on Hawaii's lodging sector, and performance forecasts ... Woodworth noted that even with a mild recession, 2017 RevPAR growth is forecasted at a healthy 3.3 percent, in line with long-term averages, and above the forecasted rate of underlying inflation.
“Traditional forecasting and optimization paradigms are very limited in how they approach the revenue management problem, especially in today’s multi-signal and complex operating environment. ... Unlike other platforms, LodgIQ RM™ also takes into account vacation rental data, a critical element of market demand that must be considered when understanding price-elasticity or booking patterns.
This is consistent with the strong performance of the primary urban markets, and the return of group demand. Lagging somewhat were resort hotel spas. ... Operating a spa also enhances the attraction of the hotel to certain demand segments.
This month's TTI—which measures travel trends as of December 2015—shows that travel growth leveled off at the end of the year and forecasts moderate growth in early 2016. ... Advance search and bookings data from ADARA and nSight; Passenger enplanement data from Airlines for America (A4A); Airline bookings data from the Airlines Reporting Corporation (ARC); and Hotel room demand
"The demand for our insight has been strengthened with PKF's high level of service, giving us the ability to provide the hospitality and real estate industries with the best consulting and research expertise ... real estate appraisals, litigation support, expert testimony, purchase price allocations, asset management services, impact studies, financial benchmarking, custom market research and econometric forecasting
However, underlying corporate and leisure travel demand trends remain favorable, contributing to still increasing occupancy rates, which are at the highest level since 1981. ... well as improving group demand.
Transient consumer demand for hotel stays in San Francisco over the next 30 days is up 133.9% compared to last year. ... San Francisco hoteliers find these unique nSight features deliver high value: Demand forecast calendar featuring an integrated view of rate, consumer demand and bookings for future arrival dates so hotels
With forecasted occupancies remaining flat in 2016, as new supply enters the market we will see a supply/demand imbalance beginning in 2017 in many markets. ... I am currently still forecasting 1-2 percent growth for 2017, but as hoteliers we need to prepare ahead of time for this pullback after several years of fantastic growth.
Accordingly, PKF-HR's forecasts for demand and average daily rate (ADR) growth remain above the long-run average in both 2016 and 2017. ... Sustainability With forecasts of demand increases exceeding the change in supply, PKF-HR is projecting eight consecutive years of rising occupancy through 2017.
"Now, we have the knowledge to justify holding rate when we know consumer demand will support it for specific need periods. nSight provides an entirely new perspective with clarity on how consumers are ... "nSight's Rate Intelligence and Demand Forecast are game-changing tools for us," adds Flores, "At a glance, the intuitive calendars guide us on how to spend our digital advertising dollars, particularly
"Accordingly, our forecasts for demand and average daily rate (ADR) growth remain above the long-run average in both 2016 and 2017. ... Sustainability With forecasts of demand increases exceeding the change in supply, PKF-HR is projecting eight consecutive years of rising occupancy through 2017.
All demand and supply indicators of current business activity that make up Hotel Industry's Pulse (HIP) Index had a positive contribution to its change in November: Hotel Jobs; Total Spending on Hotels ... 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.
National consumption growth is forecast to peak at 4.1% in 2016, while the growth in wages is forecast to peak in 2015 at 8.0% (Figure 1). ... demand, a phenomena referred to as delivery lag which is caused by long construction periods.
An updated lodging forecast released today by PwC US expects revenue per available room ("RevPAR") growth in 2015 to be driven more by occupancy than previously expected, as average daily rate ("ADR") ... Based on this analysis and recent demand trends, which continue to be strong, industry occupancy in 2015 is expected to reach levels not seen since 1981, driven by a combination of strong demand momentum
forecasting and revenue performance with IDeaS Revenue Management System (RMS). ... "ACME Hotel Company has already achieved considerable success building its business, and we look forward to helping the property improve demand forecasting and revenue performance."