"demand forecasting" - Search - Hospitality Net

Press Release Development

January 19, 2011

DiamondRock Announces Agreement to Acquire Hotel in Times Square, New York City

statements are identified by their use of terms and phrases such as "believe," "expect," "intend," "project," "anticipate," and other similar terms and phrases, including references to assumptions and forecasts ... local economic and business conditions including an economic downturn in New York City, including the potential for additional terrorist attacks, that will affect occupancy rates at our hotels and the demand

DiamondRock Hospitality Company

New York, New York, United States

Report Markets & Performance

December 23, 2010

CB Richard Ellis Analysis Anticipates U.S. RevPAR Growth of 1.6% in 2011

CBRE-EA forecasts that RevPAR1 for "full service" hotels will improve 1.6% over the next year and 4.4% over two years, rising to $94.21 in 3Q2011, and $98.34 in 3Q 2012. ... For the full-service sector, the driving force behind this expected slowing of demand can be attributed to an increase in room rates.

CB Richard Ellis

Press Release Markets & Performance

December 22, 2010

Hotel Horizons® | Mark Woodworth overviews the December - February 2011 report, and the underlying economics which drive the forecasts

Colliers PKF Hospitality Research (PKF-HR) released new forecasts for the U.S. lodging industry in early December 2010 to their subscribers and customers. ... In the following video, Mark Woodworth discusses the economic assumptions behind PKF-HR's forecasts of supply, demand, occupancy, ADR, and RevPAR.

Opinion Article Sales & Marketing

December 16, 2010

Recession Lessons – Post Recession Hotel Sales & Revenue Management

Revenue Managers used to analyze reports, open and close rates based on demand. The RM is now also a revenue generator. ... Hotels are pushing rates as demand in this sector increases.

Supplier News Sales & Marketing

December 15, 2010

The Rainmaker Group Nominated for TechAmerica ‘Spirit of Endeavor’ Award

The revolution system also analyzes and factors in forecasted demand from local influences such as holidays and city-wide events to recommend optimized rates for each guest segment.

Opinion Article Finance

December 14, 2010

The Potential Effect of the Proposed Payroll Tax Reduction on the U.S. Lodging Industry

The Hotel Horizons® forecasting models developed by PKF-HR over the past 10 years, which rely on historic and forecast data from Moody’s Analytics, are driven by underlying economic movements to predict ... The improved economic outlook would lead to a 5.2 increase in demand, 200 bps greater than the current PKF-HR forecast.

By Mark Woodworth, President, CBRE Hotels

Report Markets & Performance

December 8, 2010

PKF-Hospitality Research's December Hotel Horizons® Shows U.S. Lodging Demand Growth at 7.8% for 2010

In the recently released December 2010 edition of Hotel Horizons ®, PKF-HR forecasts that lodging demand will grow 7.8 percent in 2010. ... "Despite the strong growth in demand, we are still forecasting a slight 0.1 percent decline in hotel ADR for 2010."

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Press Release Development

December 6, 2010

Pebblebrook Hotel Trust Acquires the Sofitel Philadelphia Hotel

These demand drivers combine to provide the hotel with a diversified mix of corporate, convention and leisure travelers, which we expect will continue to strengthen in-line with the economic and lodging ... This is estimated to result in an eight percent increase in room night demand throughout the Philadelphia Center City area.

Pebblebrook Hotel Trust

Philadelphia, United States

Supplier News Sales & Marketing

December 1, 2010

The Rainmaker Group and EZYield.com Launch Interface for Automated Distribution of Optimized Room Rates

trend forecasts, historical dynamics, and local and property events. ... The revolution system also analyzes and factors in forecasted demand from local influences such as holidays and city-wide events to recommend optimized rates for each guest segment.

Supplier News Finance

November 25, 2010

Domain Properties Buys Hotels in New York City and Beyond

Domain Properties explained the positive state of the present and future NYC hotel industry in their latest report -- " Manhattan Hotel Industry in NYC - 2011 NYC Hotel Market Forecast and 2010 Overview ... There is demand in the luxury market as well as for economy hotels. The New York City hotel industry is a diverse and exciting market.

Domain Properties NYC

New York, New York, United States

Report Markets & Performance

November 24, 2010

STR releases updated 2010, 2011 forecast

"Demand has been a pleasant surprise, and it really is the driver behind the kind of year we've experienced. ... With that said, hoteliers need to take advantage of the pricing power they've been given because of the increased demand.

Opinion Article Markets & Performance

November 24, 2010

STR’s revised U.S. forecast reflects demand spike

STR predicts the United States hotel industry’s performance in 2010 will exceed its original forecast, but the hotel benchmarking company is standing firm on expectations for the industry in 2011. In its latest revised forecast, STR qualifies 2010 as a successful year because there are indications that a recovery is in the offing, according to Mark V. Lomanno, STR’s president. The biggest reason Lomanno shies away from saying a recovery is in full swing? The lack of growth in average daily rate.

Supplier News Technology

November 15, 2010

Rainmaker’s revolution Revenue Management Wins Technology Award from Casino Enterprise Management

The revolution system also analyzes and factors in forecasted demand from local influences such as holidays and city-wide events to recommend optimized rates for each guest segment.

Press Release Operations & Strategy

October 26, 2010

U.S. Business Travel Spending, Trips to Increase This Year Despite Slowdown in Economic Growth

compared to 2009 despite expectations that economic and business travel growth will slow through the second half of 2010, according to the newly developed and first-ever quarterly business travel forecast ... compared to 2009 despite expectations that economic and business travel growth will slow through the second half of 2010, according to the newly developed and first-ever quarterly business travel forecast

Supplier News Technology

October 26, 2010

Elysian Selects UniFocus’ Smart Labor Management System

Labor Management and Budgeting Systems give us the ability to easily create ‘what-if’ scenarios to accurately forecast business volume, revenues and costs at various levels,” continued Robinson. ... “We also now have the capability of developing more consistent guest demand patterns, making sure we are covering all of our peak periods.”

Dallas, Texas, United States

Opinion Article Finance

October 19, 2010

Right Direction – Wrong Amount | Managers Underestimated 2009 Declines In Performance | By: Robert Mandelbaum

Accordingly, they forecast a 1.3 percent decline in ADR for the year. ... Demand is up, occupancy is on the rise, and ADR declines have begun to contract.

By Robert Mandelbaum, Director of Research Information Services, CBRE Hotels

Press Release Markets & Performance

October 6, 2010

STR launches monthly U.S. market forecast reports

The STR Market Forecasts look back at historical data and key hotel demand drivers and indicators at both the market, domestic and international level to predict future performance. ... The STR Market Forecast includes forecasted supply, demand, revenue, occupancy, average daily rate and revenue per available room performance at the market level.

Press Release Development

October 1, 2010

Pebblebrook Hotel Trust Acquires The Grand Hotel Minneapolis

Both buildings have a diverse array of tenants that provide a strong corporate demand base. ... Paul metro statistical area, provides The Grand Hotel Minneapolis with a high-demand and diverse guest mix of leisure, corporate and convention travelers.

Pebblebrook Hotel Trust

Minneapolis, United States

Press Release Markets & Performance

September 30, 2010

STR: Summer 2010 Reveals Strong Performance Gains

Demand rose 8.8 percent to 293,077,058 rooms sold, the highest summer room demand since STR started tracking hotel performance during 1987. ... STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information.

Report Markets & Performance

September 28, 2010

HVS Issues Revised Forecasts for the U.S. Lodging Industry

For a complete summary of the supply and demand forecasts on which these projections are based, please click here . ... The pace of demand growth has accelerated through the year, and HVS now forecasts that lodging demand in the U.S. will increase by 7.5% in calendar year 2010.

By Anne Lloyd-Jones, MAI, CRE, Director of Consulting & Valuation Services, National Practice Leader, at HVS New York, HVS