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.
Cooper also notes that IACC members predicted a 'bumpy ride' for 2014 operating budgets, and they might well prove to be accurate in their predictions given the last few months of mixed economic forecasts ... Dave Arnold, Co-President and Chief Executive Officer-East with PKF Consulting USA, LLC commented. " With the reality of very little supply growth and demand growth in the five to seven percent range,
Nearby leisure demand generators include over 140 gourmet restaurants, cafes, designer boutiques, art galleries and retail shops. ... These forecasted numbers have been reduced by $1.0 million due to the forecasted negative impact of a comprehensive $7.0 to $9.0 million renovation that the Company is planning to commence in the second
the solid lodging demand trends of recent quarters. ... Based on this analysis and recent demand trends, PwC expects lodging demand in 2014 to increase 4.3 percent, which combined with still-restrained supply growth of 0.9 percent, is anticipated to boost occupancy
If you have the right segments you can then achieve better demand forecasting, as you will be able to understand the behavior of each of your markets.
"Given the recent path of the hotel predictive analytics, the latest US Monthly Hotel Forecast predicts in 2015 RevPAR to stay unchanged from 2014 levels" said Maria Sogard, CEO of eforecasting.com. ... For a complimentary copy of the full US Monthly Hotel Forecast with two-year predictions email us at [email protected] with subject: US Hotel Forecast.
We all know that great entertainment comes at a price, and we also know that casinos need to manage demand and supply just like any other business. ... The denomination or price of a slot machine can impact demand for that machine.
Dynamic pricing, which has many different meanings, involves managing rates based on fluctuations in supply and demand in the market. ... The HSMAI-Duetto white paper explains that open pricing will better align supply with demand and also with rising distribution costs.