A leading travel industry forecast found business travelers spent an estimated $72.8 billion on U.S.-originated business travel during the second quarter of 2014, a 7.1 percent year-over-year growth. ... The GBTA BTI™ Outlook uses an econometric model created by Rockport Analytics to better inform the forecast process.
IDeaS RMS will transition The Heathman Hotel to a fully automated revenue management system, offering advanced forecasting and sophisticated reporting. ... In a market laden with high demand and limited supply, these features will enable The Heathman Hotel to analyze the market mix and price confidently.
Concurrently, Moody's Analytics, PKF-HR's source for economic projections, is forecasting the annual pace of inflation to average just 2.5 percent. ... Prosperity is Pervasive PKF-HR's forecasts of positive performance apply to almost all aspects of the U.S. lodging industry.
NEW YORK -- An updated lodging forecast released today by PwC US anticipates stronger occupancy gains in 2014, setting the stage for 2015, during which PwC US anticipates the highest occupancy levels in ... This, coupled with continued growth in group demand and steady above-trend economic momentum, supports PwC's expectation of a solid 7.6 percent RevPAR increase in 2014.
"Infor can now deliver the first truly end to end demand-to-supply chain, from lead to ship, by integrating marketing and sales processes with supply chain planning, sales and operations planning, and ... According to Gartner, the total CRM market revenue worldwide is expected to grow from less than $24 billion in 2014 to more than $42 billion in 2018. 1 Infor expects even higher demand for CRM capabilities
LE Announces Its Forecast For New Supply In 2016 For the first time, LE released its forecast for New Supply in 2016, while revising slightly its projections for 2014 and 2015. ... New Hotel Openings in 2016 are forecasted to be 871 Projects/ 97,540 Rooms.
Market differentiating features assessed included channel management, competitive rate modeling, controls, demand forecasting, events and promotions, groups, multi-property, non-room revenue, and reporting
Lastly, we will look at pricing in the casino environment – how casinos forecast and manage supply and demand for their products.
The increased profitability of convention hotels is consistent with the initial stages of the recovery of the group demand segment. ... Based on the preceding factors, PKF-HR is forecasting unit-level NOI increases of 12.4 percent in 2014, and another 14.2 percent in 2015.
A leading travel industry forecast finds U.S. ... Currently, oil supply is tracking well above demand, suggesting favorable oil prices on the horizon.
the future and the ability to provide unrivalled hospitality intelligence to the industry. " The New Orleans-Metairie-Kenner Metropolitan Statistical Area offers more than 38,000 hotel rooms, with demand ... The latest HVS Hotel Valuation Index (HVI) forecasts continued strong growth for hotel values in New Orleans in the near term.
"Our forecasts for 2014 show continued steady incline in all the key growth indices in our business," Ranson commented. ... Ranson is optimistic: "We see limited to no new inventory in our current markets to impact existing demand levels," he explained.
Given this favorable balance between supply and demand , R. ... "The one detrimental factor we cannot anticipate is an unpredictable demand shock," Woodworth said.
Total RM Deep Dive -- Achieving Total Hotel Profit Optimization Leading Pricing Practices Directors of Revenue Optimization: When the Market Demands a Role Change Total RM Deep Dive -- Optimizing Your ... Function Space Your Group Sales & Forecasting Methodologies are Broken HSMAI is also offering a special hands-on workshop, Translating Analysis into Action from 9 a.m. to noon June 24.
An updated lodging forecast released today by PwC US anticipates lodging recovery will enter a new phase, with continued strengthening in group demand and rebounding economic momentum supporting a solid ... "With the recovery in group demand accelerating, hotel operators at the higher price points are poised to benefit."
Volume of Transactions Nationwide Forecasted to Continue Increasing Through 2015: In the survey, 83% believe that calendar 2015 overall hotel asset sales volume will be greater than actual/forecasted year ... Future of "True Group" Demand is Positive: If one defines "True Group" Demand as both blocks of 10 rooms or greater and using meeting/function space either at the property or nearby convention center,
PKF-HR is forecasting unit-level NOI increases of 12.4 percent in 2014, and another 14.2 percent in 2015. ... The increased profitability of convention hotels is consistent with the initial stages of the recovery of the group demand segment that we have observed," Woodworth said.
GBTA's forecast upgrade will be fueled by strong investment in international outbound travel spending, which is now expected to increase 12.9% to $37.2 billion – up from 12.5% growth forecasted in Q4. ... Today's forecast suggests that this measured but steady improvement should continue."
Rauch & Associates (RAR) hosted Onward & Upward: A Lodging Industry Forecast for 2014 on Friday, March 14, 2014 at the company's owned and managed Hilton Garden Inn San Diego/Del Mar. ... Bob Rauch provided his forecast that Revenue Per Available Room (RevPAR) - a key metric in the hotel industry - will increase 6 percent in 2014, and 6 percent in 2015 after increasing 5.4 percent last
Our current supply forecasts for the next three years are well below that threshold," Woodworth said. ... Strong Fundamentals Continue Strong increases in lodging demand continue to support the supply growth that is occurring.