"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.
This is the largest quarterly increase in hotel demand since the second quarter of 1989, and surpassed PKF-HR's forecast of a 2.6 percent gain. ... Our forecasts for lodging demand and ADR growth are very strong through 2014, while the threat of new competition is limited.
forward-looking statements are identified by their use of terms and phrases such as "believe," "expect," "intend," "project," and other similar terms and phrases, including references to assumptions and forecasts ... local economic and business conditions including an economic downturn in Minneapolis, including the potential for additional terrorist attacks, that will affect occupancy rates at our hotels and the demand
Also, a build-up period should be figured into operating income forecasts to return the property to a “stabilized” earnings position. ... Are the positioning and branding of the hotel best suited to current and expected future demands? Is management effective?
value of demand during peak travel times. revolution is the only revenue management system that considers Total Customer Value when determining optimal availability conditions. ... 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 U.S. hotel industry should expect to see mixed results in the three key performance metrics this summer, according to STR’s 2010 summer forecast. ... “While demand for hotels this summer will be brisk and will continue to provide positive recovery momentum, rate growth remains a concern,” said Brad Garner, VP at STR.
Using the market forecast as a baseline for future hotel supply, demand, and revenue conditions within the market for the projection period, we then estimate the market penetration of the subject property ... PKF Hospitality Research prepares econometric forecasts of hotel supply, demand, occupancy, ADR, and RevPAR for 50 major markets across the nation. The forecast reports are entitled Hotel Horizons®.
However, new developments and a recovering national economy could shore up demand. ... The convention center will be a key draw for group demand, and the entertainment complex, driven by mega-partner Live Nation, should boost tourism.