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
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
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.
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.
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.
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.
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.
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."