"IDeaS G3 RMS is great for extended stay hotels because it can generate powerful demand forecasts—by length-of-stay and by suite type—so we can make informed, strategic decisions to get the right mix of ... "We developed IDeaS G3 RMS to extend advanced pricing analytics and forecasting to hotel properties that had not previously implemented automated revenue management—especially in the extended stay or focused
Aptech began working with Prophix in 2012 to develop a new budgeting and forecasting application that integrates with its Profitvue® accounting and Execuvue® business intelligence systems. ... Our companies have worked well together since then, and many hotel companies today use Targetvue for forecasting and planning to help them operate more profitably."
This will most likely cause us to lower our lodging demand forecast for Houston when our next forecasts are released in March 2015. ... Therefore, understanding what inflation is likely to be is paramount to the development of accurate ADR forecasts.
If you don't have the right forecasting and optimization to understand demand patterns and match that to needed labor, you'll throw your organization out of balance.
"We exceeded our most optimistic forecasts during 2014, our first full year since inception, and set the stage for a very fruitful second year and beyond," said Mat Crosswy, president of SSC. ... ), and transaction activity shifting to secondary and tertiary markets, the demand for hotel financing will remain healthy for the coming year.
With the expansion of major national airports and airport passenger volume expected to increase over the next 10 years, examining the link to forecasting lodging demand is critical to understanding the ... With many of the nation's airports expanding and passenger volume forecast to register robust growth, it is important to understand how passenger volume can aid lodging demand forecasting.
market generally, and the coastal Orange County market specifically, have been among the highest rated markets in the country and are poised to continue their strong growth given the diverse set of demand ... The purchase price represents a 16.5 times multiple on forecasted 2015 EBITDA of $21.8 million and a 5.0 percent capitalization rate on forecasted 2015 NOI of $18.1 million.
For 2015, UNWTO forecasts international tourism to grow by 3% to 4%, further contributing to the global economic recovery. ... Positive outlook for 2015 For 2015, UNWTO forecasts international tourist arrivals to grow between 3% and 4%.
"The year's performance broke several records thanks to continued strong demand growth. ... "ADR and RevPAR for the year were the highest ever recorded by STR, and we expect more growth in 2015," she added, noting that the company is forecasting a 5.2-percent increase in ADR and a 6.4-percent
Based on this analysis and recent demand trends, PwC expects lodging demand in 2015 to increase 2.6 percent, which combined with below long-term average supply growth of 1.5 percent, is anticipated to ... to lower-priced hotels. "2014 was a year of pleasant surprises for U.S. hotels on many fronts, including a meaningful recovery in group demand not seen since 2010," said Scott D.
Strong demand and growthLeading hospitality job board Hcareers released its 2015 hotel growth forecast via article, Bright Outlook for U.S. Hotel Growth . ... Driving factors of the strong demand growth include, "Leisure travelers, a healthy demand from business travelers, and a continuing rebound of the group traveler, which was hit hard during the recent recession
The hotel is ideally located near high-quality demand generators including Class A office space, some of Boston's finest dining, upscale destination retail, theatre venues, and medical and educational ... In 2015, the Company currently forecasts that the hotel will generate earnings before interest, taxes, depreciation and amortization ("EBITDA") of $18.0 to $18.5 million and net operating income after
The estimated 2014 nominal asset value of $202,789/key is forecast to increase at a 7.7 percent annual rate through 2018. ... The constant dollar asset value is forecast to grow from $199,007/key in 2014 to $241,352/key by 2018.
As a trend, holidays focused more on individual travel, local destinations and authentic experiences, resulting in high demand for custom travel packages. ... At plus three per cent, the IPK Travel Confidence Index also forecasts slower growth in foreign travel for South America in 2015. This marks a continuation of the current trend.
New demand drivers, including the shale oil and natural gas boom and strong demand in state capitals and college towns, have spurred expansion into new locations, the speakers said. ... When it comes to supply and demand, panelists agreed that industrywide numbers are positive, but what's really important are local metrics.
The December 2014 Hotel Horizons ® report forecasts ADR to increase by an annual average of 5.4 percent from 2014 through 2017. ... "Half of the 20 Hotel Horizons ® markets forecast to enjoy the greatest increases in employment, also are projected to benefit from the greatest increases in lodging demand," Corgel noted.
Matt's presentations highlighted: Limitations in traditional revenue management forecasting approaches - in particular the assumption of independence between demand streams How customer choice model approaches ... Gallego's presentation discussed the origin of upgrading / upselling (mismatching demand and inventory types) and compared several different business strategies to maximize revenue. Dr.
and Ukhov found that office loans are an appropriate benchmark to measure the relative health of hotel loans because office building occupancy has a relationship with the economy and with room-night demand ... The researchers also found three other predictors of hotel mortgage market distress: an increase in the volatility of hotel REIT returns (risk), a negative shock to expected earnings forecasts (which signals
This location offers diversity of demand generators and convenient access to tourist attractions, restaurants, nightlife and entertainment industry activity in Hollywood, West Hollywood, Beverly Hills, ... For 2015, the Company currently forecasts that the hotel will generate earnings before interest, taxes, depreciation and amortization ("EBITDA") of $5.2 to $5.7 million and net operating income after capital
The Company forecasts the property will contribute approximately $10.0 million of EBITDA and $8.0 million of NOI in 2015. ... The purchase price, net of the allocated land value, represents a 13.4 times multiple on forecasted 2015 EBITDA and a 6.0 percent capitalization rate on forecasted 2015 NOI.