The 4.9 percent rise in occupied rooms forecast for 2011 compares to the 7.6 percent increase in lodging demand for 2010 reported by Smith Travel Research (STR). ... "Concurrently, our 7.8 percent increase in demand forecast for this same segment is indicative of the popularity of these property types among consumers."
With consistent demand for hotel rooms it is clear that the industry is on the right path, and we are looking for even more improvement in ADR for the remainder of 2011." ... STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information.
Economic Impacts The PKF-HR Hotel Horizons® econometric forecasting model relies on economic data from Moody's Analytics (Moody's) to project future hotel demand levels. ... For comparison purposes, the March 2011 Hotel Horizons® forecast served as the baseline lodging forecast for the analysis.
PwC's updated quarterly lodging forecast is based on an updated US macroeconomic forecast from Macroeconomic Advisers, LLC, which, despite slower economic growth in the initial months of 2011, expects ... PwC's updated quarterly lodging forecast is based on an updated US macroeconomic forecast from Macroeconomic Advisers, LLC, which, despite slower economic growth in the initial months of 2011, expects
The hotel is an iconic destination within West Hollywood and benefits from a strong mix of leisure and corporate transient demand, with further upside expected from the extensive renovation that was completed ... Mondrian Los Angeles is an excellent addition to our growing portfolio and it's forecasted to provide attractive risk-adjusted returns going forward."
When the overall economy gains greater momentum and consumer spending bounces back more fully, demand will recover at a faster pace. ... Demand growth is the key to industry-wide improvement.
The U.S. hotel industry should expect to see a modest increase in demand for hotel rooms combined with meaningful rate gains this summer, according to STR's 2011 summer forecast. ... "Demand recovery began in earnest last summer and while the comparables are tough the 2011 summer season will be well attended," said Brad Garner, COO at STR.
Based on our firm's December 2010 Hotel Horizons ® forecast, an estimated 30 percent of all hotel rooms occupied in the U.S. in 2010 were accommodated in the Midscale without F&B and Upscale chain-scale ... In addition, these segments have historically demonstrated strong growth in demand.
For the year, total U.S. spending on business travel grew by 3.2% -- up substantially from the 2.3% for the year forecast previously. ... This revision is equal to $1.9 Billion more business travel spend than previously forecast.
Hotel Demand Demand has grown significantly in the Atlanta market over the past twelve months. ... Some forecasts had envisioned a slowdown in demand in the latter half of 2010 as the strong downtown convention season was expected to trail off.
The Manhattan submarkets benefit from consistently strong demand generators and have extremely high barriers to entry, which limit supply growth. ... " "believe," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "should," "will," "continue" and other similar terms and phrases, including references to assumptions and forecasts
We were the pilot for Delphi in the mid-1980's, and in the 2000's, for P.M.I., a joint venture with d2o on a business intelligence platform for forecasting and staffing. ... Increased demand in a recovering economy will change this and it bodes well for I.A.C.C.
Economic theory also holds that an inverse relationship exists between price and demand - as one goes up the other goes down. ... Continued increases in demand, in concert with well-below average growth in available supply, suggest well-above average levels of performance.
The diversity of PKF-HR's forecast is evident when observing the 2011 RevPAR projections by chain-scale. ... A similar story evolves when analyzing the PKF-HR Hotel Horizons ® forecasts for 50 major markets in the U.S.
"Every department is compared to the forecast to find out whether they are short-staffed or over-staffed so that we can mitigate any issue," continued Upchurch. ... LMS automates many of the daily processes that in many casinos, hotels and resorts are still being done manually-such as forecasting, budgeting and scheduling.
"There is a real advantage in having more accurate demand forecasts based on commitments, historic data, and seasonality by segment. ... "The central reservation system interfaces with revolution to provide data for our demand forecasts and rate setting calculations," Reynolds said.
To the extent that these forecasts are reliable, they may serve as indicators of future trends in lodging demand. ... Conclusion One important strategic implication from this analysis is that forecasts of GPDI may be an increasingly relevant tool for forecasting lodging demand growth.
Supply is expected to report slight growth in 2011 with a 0.7-percent increase, and demand is projected to increase 2.5 percent. ... This updated forecast was originally presented during the Americas Lodging Investment Summit (ALIS) on 24 January 2011.
For 2012, LE's Forecast calls for 487 hotels/48,860 rooms to exit the Pipeline as new supply. ... However, future increases are dependent upon further demand and room rate improvement.
“Our Watson system simplifies the entire process of labor management by automating the cycle of forecasting, scheduling and analysis—so that we have the right staff at the right time,” continued Czarnecki ... LMS incorporates industry-specific statistical analysis to project short-term demand, optimizes workforce schedules by identifying critical relationships between key volumes, such as number of guests to