LMS automates many of the daily processes that in many hotels and resorts are still being done manually—such as forecasting, budgeting and scheduling,” continued Heymann. ... UniFocus’ Watson, R.M. incorporates industry-specific statistical analysis to project short-term demand; and then optimizes workforce schedules by identifying critical relationships between key business
Four Winds uses the IDeaS V5i forecasting and decisions to better understand guest and player values, allowing it to assess its market more efficiently and accurately. ... "We sleep better at night knowing that IDeaS V5i is forecasting the future and suggesting the healthiest rates for our hotel," said Ray Stacy , yield analyst, Four Winds Casino Resort.
Featured topics among the nearly 25 programs will include marketing, recruiting, sustainability, business forecasting and boutique hotels. ... In this session, a primer of business forecasting to predict the future of sectors expositions will be presented, from hotels to tourism, cruise ships to meetings.
The purchase price of $68.4 million represents a 12.9 multiple of the Hotel's 2010 full-year forecasted EBITDA of $5.3 million and better than a 7% capitalization rate on forecasted 2010 full-year net ... to assumptions and forecasts of future results.
The system gives Benchmark a rolling forecast of group demand and pick-up that is updated daily and influences other variables, such as purchasing. ... An integral part of PMI is PMI Planning, an integrated profit and loss budgeting and forecasting tool that goes beyond traditional monthly forecasting and yearly budgeting.
NEW YORK -- PricewaterhouseCoopers' U.S. lodging forecast expects the lodging recovery that accelerated in the first half of 2010 to gain further traction during the remainder of 2010, as increasing demand ... Despite lower macroeconomic growth forecast for the remainder of 2010, stabilized conditions among businesses and consumers provide the context for continued lodging demand growth in 2010, albeit at a
Atlanta, GA -- Based on the strong surge in lodging demand that occurred during the first half of 2010, Colliers PKF Hospitality Research (PKF-HR) now forecasts that the average U.S. hotel will achieve ... “It is important to note that the PKF-HR positive forecasts of lodging performance include the economic forecast assumptions of Moody’s Economy.com.
"The demand for rooms continued to be well above 2009 levels, and we are finally beginning to see signs of room rate recovery, especially in the higher end of the market. ... STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information.
The U.S. hotel industry is projected to end 2010 with increases in two of the three key performance measurements, according to STR’s forecast update. ... Supply during 2011 is expected to end the year with a 1.1-percent increase, and demand is projected to rise 2.5 percent.
The Boston hotel market, particularly the Back Bay area, has extremely high barriers to entry and diverse demand generators and is one of our three stated targeted acquisition markets. ... Increases barrier to entry protection Boston’s Back Bay submarket has extremely high barriers to entry and is in a prime CBD location that benefits from diverse demand generators and low supply growth.
“After months of recovering roomnight demand, the U.S. hotel industry finally reported ADR growth in June,” said Mark Lomanno, president of STR. ... STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information.
In 2008, conference demand accounted for 72.2 percent of the rooms occupied at the centers in our survey. ... To combat the deterioration in conference demand, centers turned to local organizations for business. Local based conference attendees increased 2.4 percent in 2009.
LMS automates many of the daily processes that are still being done manually—such as forecasting, budgeting and scheduling,” said Mark Heymann, President and CEO of UniFocus. ... UniFocus’ Watson, R.M. incorporates industry-specific statistical analysis to project short-term demand; and then optimizes workforce schedules by identifying critical relationships between key business
International (HSMAI) Revenue Management & Internet Marketing Strategy Conference in Orlando, Fla., on June 21 for a day of in-depth discussions regarding how the two disciplines can work together to generate demand ... This HSMAI Revenue Management Special Interest Group publication includes the very latest information on understanding the market, market segmentation, forecasting, revenue strategy, pricing, inventory
Driven by an econometric forecasting model, the Hotel Horizons® reports cover five years of supply, demand, occupancy, ADR, and RevPAR for 50 major U.S. markets, as well as six national chain-scale segments ... The following chart shows the average percentage point difference between forecast and actual change of five key variables (supply, demand, occupancy, average daily rate and RevPAR) at the national level
"May was another strong performance month for the U.S. hotel industry as the demand for hotel rooms far exceeded May of last year, driving occupancies," said Mark Lomanno, president at STR. ... STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information.
forecast. ... Revenue for the summer is forecast to rise 6.3 percent.
Smith Travel Research said Tuesday that increases in demand prompted it to revise upward its outlook for this year and next. ... The firm's previous forecast was for $53.22.
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.
PricewaterhouseCoopers' updated US lodging forecast expects continued recovery of demand, with the ability to increase room rates returning in 2011, after two consecutive years of decline. ... The industry has experienced a more pronounced rebound in transient demand.