The highlight of the recovery from the 2008/2009 industry recession has been the strong return of lodging demand. ... Average Daily room Rates (ADR) rose 4.2 percent in 2012, and are forecast to nominally eclipse the pre-recession peak ADR in 2013.
Also forecast to enjoy greater than average gains in demand are Tucson, Ariz., and Charlotte, N.C. ... While lodging demand is forecast to decline by 1.7 percent in Oahu during 2014, the occupancy level for the market is projected to remain above 80 percent.
Reflecting strong performance during the first quarter and positive momentum in travel activity, offset by impacts from near-term fiscal challenges, an updated lodging forecast released today by PwC US ... The strongest performance gains are expected in urban markets, as additional demand allows hotels to be more selective and yield the highest rates on available rooms.
Forecast trends for 2013 indicate planned increases in spending for both categories. ... It is through these events that sports group demand is generated for the local lodging accommodations.
This analysis must be supported by economically and statistically valid forecasting tools. ... Hotel developers and investors have driven the strong demand for EB-5 financing.
HENDERSONVILLE, Tennessee -- The U.S. hotel industry is expected to report increases in performance results in summer 2013, according to STR’s summer forecast. ... Supply this summer is expected to increase 1.0 percent and demand is projected to rise 2.0 percent. Total room revenue is forecasted to grow by 6.4 percent.
Revup is an intelligent trends analysis and forecasting tool that helps revenue managers understand the process of today's consumer behavior, providing them with state-of-the-art solutions for business ... To learn more about flight demand data for your market, please visit www.jettripper.com .
Sequestration could negatively affect markets that depend heavily on government demand. ... Nevertheless, the economic recovery is driving demand for hotel assets.
International outbound business travel from America is projected to rise and travellers are expected to stay longer, creating greater demand for serviced residences. ... "As more individuals are looking for flexible, long-stay living options, the demand for luxury serviced residences has increased worldwide.
What it lacked was sufficient mobile coverage to meet guest demands. ... The iConnect HD media lounge enables guests to relax and check flight arrivals, departures and weather forecasts using one of the huge touch screen display kiosks or browse the web from the Mac equipped
"Our forecast of a 1.8 percent increase in demand for 2013 is somewhat muted compared to the 3.0 percent increase recorded by Smith Travel Research (STR) in 2012. ... It can be attributable to the lift in employment growth as forecast by Moody's Analytics, which will result in more demand moving toward the more moderate priced chain-scales in search of available and
And we are forecasting favorable performance increases across the board, most notably in average daily rate and revenue per available room.” ... With the fiscal cliff averted and the debt ceiling delayed, we expect investors to be focused on management teams' 2013 outlooks with fourth-quarter reporting season just around the corner; supply-and-demand
"This is a beautiful, high quality hotel in Houston's thriving Medical Center area which is forecast to be one of the nation's top lodging markets in 2013," said Jeffrey H. ... "This property matches up exactly with our strategy of acquiring premium–branded, upscale extended stay and select-service hotels in high demand markets that command high daily rates and revenue.
New Builds While industry intelligence has forecast another year of limited new capacity, (393 new builds for 2013, according to Lodging Econometrics), New Castle's development pipeline is stronger than ... "As strategic developers, we're willing to invest the time and sweat equity to uncover the pockets of unmet demand."
Supply in 2013 is forecasted to rise 1.0 percent, and demand is projected to be up 1.8 percent. ... In 2014, supply (+1.5 percent) and demand (+2.8 percent) are both projected to increase.
Reflecting stronger lodging demand and economic activity that exhibits less retrenchment than expected, an updated lodging forecast released today by PwC US anticipates stronger revenue per available room ... Despite the near-term economic challenges, lodging demand and, more importantly, pricing, are expected to remain on positive trajectories.
Growth By Price Based on its December 2012 Hotel Horizons ® forecast report, PKF Hospitality Research, LLC estimates that RevPAR for the U.S. hotels grew by 6.8 percent in 2012 and will continue to grow ... As more attention is given – and action is taken – to improving poor health and proactively maintaining good health through better lifestyle choices, we can expect to see demand for spas increase as a
PKF-HR’s Hotel Horizons® forecasts are based on historical lodging performance data from Smith Travel Research (STR) and Moody’s Analytics’ economic forecasts. ... In seven of the 20 markets, the decline in occupancy can be attributed to a forecast drop in the number of rooms occupied. “On the surface, it is concerning that we are observing declines in demand.
Resort and college/university centers were the most dependent on transient demand. ... related demand.
San Franciscois one of the most desirable hotel markets in the world due to the confluence of corporate, leisure and group demand. ... The Urban Land Institute recently madeSan Franciscoits top-ranked city in its 2013 Real Estate Forecast.