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.
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.
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.
"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.
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.
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.
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
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.”
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.
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.
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.
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.
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.
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.