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.
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.