Despite these challenges, lodging demand and, more importantly, pricing, are expected to remain on positive trajectories. ... A full copy of PwC's US Lodging Forecast can be accessed by visiting: http://www.pwc.com/us/en/asset-management/hospitality-leisure/publications/index.jhtml
DoubleTree by Hilton is the fastest growing full service brand at Hilton Worldwide, with 38 hotels opened year-to-date and at least a dozen more forecasted to open by year’s end. ... “Judging by the way visitors to Houston have embraced our three, other DoubleTree by Hilton hotels coupled with the growing leisure and business demand, I am certain that an additional DoubleTree by Hilton
In addition to the abundant and diverse collection of demand generators, the city's location on the West Coast makes it a natural gateway to travelers from Asia. ... The strong leisure and business demand in this market, coupled with the extremely high barriers to entry, makes the Hotel Palomar San Francisco a very exciting addition to our portfolio."
But even with the abundance of supply, strong demand growth through 2011 meant that the overall drop in occupancy was only slight. ... Demand recovery has been so rapid, in fact, that 2011 marked an all-time high for the number of rooms sold nationwide.
“We continue to be surprised by the consistent growth in demand for hotel rooms,” said Brad Garner, STR’s COO. ... Supply was up 0.5 percent during the summer while demand increased 2.9 percent.
"IDeaS will allow us to maximize incremental revenue for the hotel due to our more accurate demand forecasts." ... "The Hollywood property is well positioned for successful and significant returns through our advanced forecasting and pricing analytics."
Based on current construction trends, these pipeline metrics support LE's initial Forecast for New Hotel Openings in 2014 of 446 projects/ 48,335 rooms. ... That will then spur further lodging demand and propel hotel development forward at a faster pace, well into the middle of the decade.
In the fall of 2010 when U.S. hotel managers were preparing their budgets for 2011, most industry participants were pleasantly surprised at the strong pace of the recovery in lodging demand . ... The net result was a forecast of 8.6 percent growth in rooms revenue.
Supply and demand are expected to end the year with increases of 0.5 percent and 2.6 percent, respectively. "Record levels of demand for hotel rooms persist," said Amanda Hite, president of STR. ... Supply and demand are forecast to end 2013 with increases of 0.9 percent and 1.2 percent, respectively.
Outlook for 2012 and 2013 Based on performance data through June of 2012 (provided by Smith Travel Research - STR), and Moody's Analytics' July 2012 domestic economic forecast, PKF-HR now is forecasting ... Robust demand growth was the primary reason for the superior gain in RevPAR," Woodworth explained.
, with slightly stronger gains in both demand and pricing than previously anticipated. ... A full copy of PwC's US Lodging Forecast can be accessed by visiting: http://www.pwc.com/us/en/asset-management/hospitality-leisure/publications/index.jhtml
Following the record $1.85 billion amount collected in 2011, total fees and surcharges collected by U.S. hotels are increasing again in 2012, forecast to total a new record of $1.95 billion. ... Fees and surcharges have increased every year except for periods following 2001 and 2008 when lodging demand declined.
“June included two extra weekend days compared to June 2011, which helped with leisure demand during this busy travel season and boosted the month’s performance,” said Brad Garner, COO at STR. ... STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information.
These forecasts are identical to the RevPAR forecasts presented in the March 2012 edition of Hotel Horizons®. ... “The cities of Nashville, Houston, New Orleans and Salt Lake City are forecast to experience the greatest gains in demand in 2012.
As a result of continued recovery in demand, US RevPAR is expected to increase by 6.5 percent in 2012 and 5.6 percent in 2013, building on the strong 8.2 percent increase in 2011. ... A full copy of PwC's US Lodging Forecast can be accessed by visiting: http://www.pwc.com/us/en/asset-management/hospitality-leisure/publications/index.jhtml
Demand fundamentals continue to be extremely strong in Manhattan. The significant supply influx over the last three years has been well absorbed. ... Overall, we forecast the market to return to its pre-recession peak RevPAR level by 2013. A total of 73 hotels opened from March 2008 through March 2012, representing 13,093 new rooms.
Even with the specter of rising gas prices on the horizon, demand for leisure travel services this summer is looking up. QG1. ... Base: Renting a Car/ Traveling in a Personal Vehicle/Your own or rented RV Fortunately, as was also in the case in the spring of 2011, the record-breaking gas prices forecast this spring failed to materialize
GroupREV™ group forecasting and pricing software at four locations over the next two months. ... "We started developing GroupREV quite a while ago in response to demand for a group forecasting and pricing solution for hotels that caters primarily to groups and conventions and because no existing product
"Leisure travel this summer will add to the already compelling demand storyline for the hotel industry," said Brad Garner, COO at STR. ... "We expect very little contribution to the overall demand numbers from government transient and group travel," Garner continued.
This growth and major planned projects continue to pump hotel demand into the city. ... Hotel Supply and Demand Houston"s citywide hotel occupancy remained near or above 65% from 2005 through 2008 4 , driven by hurricane-related demand, as well as several years of a booming economy.