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Opinion Article Finance

May 7, 2010

What is really happening with the recovery and how will it affect the hotel industry? Insightful perspectives from the experts at Meet the Money®

Does this sound like the "broken correlation between GDP and hotel room demand that we discussed in this blog on 27 July 2009? ... (See Hospitality Lawyer: The "amazing relationship" between GDP and hotel room demand. When the recovery comes, what will it look like for the hotel industry?)

By Jim Butler, Partner & Co-Chair Hospitality Practice, Blank Rome LLP, Blank Rome

External Article Finance

April 29, 2010

Starwood Hotels 1Q Profit Soars On 2009 Charges; View Raised | wsj.com

s (HOT) first-quarter earnings soared on prior-year charges as the lodging company saw demand continue to strengthen, though timeshare revenue declined. ... The results smashed analysts' expectations and the company forecast second-quarter earnings of 21 cents to 25 cents a share. Analysts polled by Thomson Reuters projected 19 cents.

Supplier News Technology

April 27, 2010

The Rainmaker Group Announces LRO Portal for Enhanced Visibility into Community and Portfolio Performance Data

The system also produces enterprise-wide demand forecasts by measuring and analyzing historical and current market metrics and performing calculations necessary for occupancy predictions that are dynamically

Opinion Article Markets & Performance

April 20, 2010

How To Recover In 2010

While the annual forecasts are disappointing, a closer look at the quarterly movements of these indicators throughout 2010 reveals that U.S. lodging industry demand, occupancy, average daily rate (ADR) ... According to the March 2010 edition of Hotel Horizons® , hotels operating in the mid-scale without F&B segments are forecast to experience a 0.4 percent decline in ADR in 2010.

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

Press Release Markets & Performance

April 8, 2010

STR releases stronger forecast for 2010, 2011

Supply in 2010 is projected to grow 2.2 percent and demand is expected to rise 4.1 percent. ... Supply in 2011 is projected to be up 1.0 percent and demand is expected to increase 2.9 percent.

Report Markets & Performance

April 7, 2010

STR projects better-than-expected 2010

forecast was for ADR to decline 3.2 percent); and revenue per available room will decrease 0.5 percent (the previous forecast was for RevPAR to drop 3.2 percent). ... Demand side Contrary to previous thinking, STR now believes demand growth will be stronger in 2010 than in 2011. The company said demand will grow 4.1 percent in 2010 and 2.9 percent in 2011.

Press Release Finance

March 31, 2010

HIL regains lost ground

Seven of the nine components that make up HIL had a positive contribution in February: Weekly Hours in Hotels; Hotel Profitability; International Visitors Future Demand; Interest Rate Spread; New Orders ... STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information.

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Supplier News Technology

March 25, 2010

La Quinta Inns & Suites Leverages Business Intelligence to Analyze Operations, Increase Profitability

customized performance reports that provide our officers and corporate management team with near-real time data that identifies trends and key business performance indicators and how they impact our forecasts ... forecasts that influence rate setting Regional booking horizons.

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Opinion Article Sales & Marketing

March 23, 2010

Top Ten Channels Impacting A Hotelier’s Bottom Line in 2010 . . . And Leveraging Them Effectively!

For the lodging industry, 2009 was a challenging year, and forecasts indicate that the lodging industry recovery will be a slow and demanding process.

By Benu Aggarwal, Founder and President, Milestone Inc.

Santa Clara, California, United States

Report Markets & Performance

March 22, 2010

Double-Digit Revenue Growth Lies Ahead for U.S. Hotels | PKF Hospitality research Projects

PKF-HR is forecasting hotel rooms revenue to grow 10.5 percent on a per-available-room basis (RevPAR) in 2012. ... In fact, as PKF-HR forecasted back in March of 2009, the demand for hotel rooms has been greater during the first quarter of 2010 than it was during the same period the prior year.

External Article

March 17, 2010

Luxury Hotels Lift Rates on Demand for Butlers, Views | businessweek.com

Hotel occupancy rates are forecast to rebound this year in the U.S. and Europe. Room prices may follow in 2011, according to analysts including Patrick Scholes at FBR Capital Markets & Co. ... Some luxury hotels have already been able to lift rates as demand for $600 rooms, butler service and poolside cabanas recovers in cities such as Miami, New York and London.

businessweek.com

External Article Markets & Performance

March 14, 2010

Podcast: The U.S. Economic Recovery: Chain Scale Segments, Top 25 Markets, Demand Segments and Profits (March 2010)

It includes timely data about historical patterns of recovery from past U.S. recessions, the current outlook for recovery in specific chain scale and demand segments, and forecasts about revenues and profits

Opinion Article Markets & Performance

February 18, 2010

The Recession Is Over!* Now What?

The December 2009 edition of PKF Hospitality Research (PKF-HR) Hotel Horizons® forecast report calls for a total year decline in demand in 2009 of 6.3 percent. The U.S. ... The cumulative loss of demand throughout the current recession is forecast to be significantly worse than that which occurred in the early 1990’s and at the beginning of this decade.

By Mark Woodworth, President, CBRE Hotels

Report Markets & Performance

February 18, 2010

ADR Growth Leads Cities Out Of Recession

Lauderdale and Tampa) top a list of five markets in the U.S. where demand is forecast to contract in 2010. ... While 45 of the 50 markets in the Hotel Horizons® universe are forecast to benefit from an increase in demand in 2010, the growth in room supply is expected to exceed demand in 26 of these cities.

By Mark Woodworth, President, CBRE Hotels

Supplier News Technology

February 18, 2010

UniFocus Expands Global Footprint for Watson, R.M.™

Watson, R.M. also provides a flexible budgeting platform in the truest possible sense—with integrated forecasting that supports zero-based cost analysis; it also enables snapshots during any P&L period ... With Watson, R.M.’s latest version, hospitality organizations will be better equipped than ever to meet the demands of a discerning customer while ensuring optimal cost control.

Dallas, Texas, United States

Supplier News Technology

February 17, 2010

The Rainmaker Group Attains Microsoft Gold Certified Partner Status

“Customers are looking for partner companies that can bridge the gap between their business demands and technology capabilities,” said Allison Watson , corporate vice president of the Worldwide Partner ... The system also produces enterprise-wide demand forecasts by measuring and analyzing historical and current market metrics and performing calculations necessary for occupancy predictions that are dynamically

Supplier News Technology

February 11, 2010

The Rainmaker Group and AMSI Launch eSite Interface with LRO Multifamily Revenue Optimization

influences and historical demand Current and historical lease activity Traffic, lease duration Move-in dates and other metrics. ... The system also produces enterprise-wide demand forecasts by measuring and analyzing a large number of historical and current market metrics and performing calculations necessary for occupancy predictions

Opinion Article Development

February 8, 2010

How Convention Centers Influence Hotel Markets

In periods of high demand when additional convention center demand is not needed, the effects are smaller. But in periods of low demand the impacts of convention centers are larger. ... Analysts forecasting future lodging demand in convention markets should also think about price and displacement effects and not rely only on readily available estimates of gross convention center room

By Thomas Hazinski, Managing Director of HVS Convention, Sports, & Entertainment Facilities Consulting in Chicago, HVS

Supplier News Sales & Marketing

February 2, 2010

The Rainmaker Group Appoints Ash O. Bell Vice President of Multifamily Sales

, including: Competitive influences and historical demand Current and historical lease activity Traffic, lease duration Renewal pace Move-in dates and other metrics. ... LRO also produces accurate enterprise-wide demand forecasts by measuring and analyzing key historical and current market metrics and performing calculations necessary for occupancy predictions across dozens

January 28, 2010

David Fuller has been named Member of the Leadership Council at George Washington University’s Department of Tourism and Hospitality Management

designated member of the Appraisal Institute (MAI) and the author of the HVS Employment-Hotel Growth Index, a means of analyzing data on employment trends, office space absorption, and hotel supply to forecast ... demand levels in metropolitan markets.

George Washington University’s Department of Tourism and Hospitality Management

Washington, District of Columbia, United States