As part of its monthly forecast program, STR is projecting the U.S. hotel industry will report increases in all three key metrics in 2011. ... Demand for 2011 also is expected to end the year positive with a 3.2-percent increase.
operational managers' workloads, the Suggested Purchase Order module harnesses NeXT 's strong analytical ability to create lightning-fast orders, ensuring an in-stock position for a property's most in-demand ... The Suggested Orders module: Supports seasonal trending for forecasting Supports safety stock Supports order frequency Supports lead-time analysis at vendor, vendor-subclass, and vendor-product levels
“Top gaming industry hotel companies are implementing Rainmaker’s revenue management solutions to forecast demand more accurately, which enables them to manage their business more efficiently.” revolution ... Rainmaker’s revolution solution combines historical data, current property performance information, competitive trends, and manager experience to formulate demand forecasts and establish optimum segment
PricewaterhouseCoopers updated U.S. lodging forecast, released today, reflects performance during the initial stages of economic recovery and the continued expectation that lodging demand will begin to ... According to PricewaterhouseCoopers current lodging forecast, lodging demand in the fourth quarter is forecast to be 0.5 percent below last year's levels, resulting in an annual decline of 5.5 percent
We expect to see a slight increase in business travel next year based in part on pent-up demand for face-to-face meetings that drive growth and productivity." ... Travel Association's industry forecast can be viewed here. The current Travel Price Index can be viewed here. The U.S.
Current economic conditions, along with cuts in airline seat capacity, are leading to 90-day forecasts that show large shortfalls versus budgeted profits for most hotels. ... Food and beverage outlet hours of operation may be curtailed to limit staff on duty during periods when there is little customer demand.
PKF Hospitality Research released their updated forecasts covering the domestic lodging industry in late August 2009. ... Based on the results of the most recent PKF Hospitality Research Hotel Horizons® forecasts, signs of increased interest should begin to surface by mid-2010.
Lund, and Steve Rushmore, the 2009 HVI provides a review of historical movements and forecasts of anticipated trends for the U.S. hospitality industry. ... We then present the 2009 HVI, with historical values, forecasts, and discussions on notable markets.
“They also receive the full analysis of the EzRMS™ system for recommendations on a daily basis, which allows for the most current strategies depending on their demand.” ... The application provides hotel staff with the tools they need to efficiently manage day-to-day operations and also forecast effectively.
Current forecast Occupancy % Chg ADR % Chg RevPAR % Chg Supply % Chg Demand % Chg 2008 60.3 -4.2 106.81 2.5 64.45 -1.8 2.6% -3.8% 2009F 55.4 -8.4 96.43 -9.7 53.43 -17.1 3.0% -5.5% 2010F 55.1 -0.6 93.16 ... As the chart above shows, demand in the weekend segment (which we use as a gauge for leisure travel) has stabilized, while demand in the weekday segment has yet to hit a definitive bottom.
First the good news : The hotel industry is and remains cyclical and demand is closely correlated with GDP. ... So when the national economy becomes strong again — some are already calling an end to the recession — the demand for hotel rooms will improve.
While supply growth is still an issue in the Los Angeles area, demand declines may be near the bottom and improving into 2010. The good news for Los Angeles is they are anticipating growth by 2011. ... declines and forecasted 2010 growth strategies in the Los Angeles area.
Opposite of the Texas experience, hotel owners and operators in Tucson and Atlanta are forecast to benefit from significant increases in demand concurrent with relatively low levels of new hotel openings ... With demand outpacing supply, Atlanta and Tucson area RevPARs are forecast to grow at a strong 8.2 percent CAGR during the next four years.
FORECASTING STRATEGY We have all learned the significance and value of updating forecasts. ... 5 | How often should forecasts be updated? Shared with whom? They should ideally be updated monthly for at least the next 90 days and more often if your demand cycle has dramatic shifts.
"LRO gives Waterton an accurate demand forecast by putting guest traffic information and community performance data to work," said Greg Lozinak, executive vice president and COO for Waterton Residential ... forecast for each unit type at each property."
His background in supply and demand analysis, local market and competitive oversight, and experience with field operations, sales, marketing, and call centers is a perfect fit to benefit Rainmaker’s LRO ... firms credit Rainmaker’s LRO with lease rent lifts from three to over five percent, which is very attractive to multifamily owners and fee managers of companies where optimal pricing and accurate forecasting
According to PricewaterhouseCoopers' current lodging forecast, lodging demand in the third and fourth quarters is forecast to be 4.0 percent and 0.5 percent below last year's levels, respectively, resulting ... In 2010, as the US economy grows at an above-trend rate, RevPAR is forecast to remain stable, driven primarily by a 1.1 percent increase in occupancy, as increasing demand and slowing supply growth are
“We foresee strong demand for graduates from DePaul’s hospitality school for three reasons,” Roberts said. ... The course will introduce students to hotel operations, including service orientation, demand forecasting, capacity management, room pricing strategies and reservations control, as well as front office
Research’s recent Hotel Data Conference, one of most popular sessions was the final general session where STR, PKF Hospitality Research and PricewaterhouseCoopers all presented our U.S. hotel industry forecasts ... This is certainly understandable as conferences tend to be a bit constrained by the demand for a broad program and the tendency to avoid redundant content.
A spreadsheet-based tool that will assist revenue managers in making demand forecasts is now available from Cornell's Center for Hospitality Research. ... "The key point here is to determine the aggregation level of the forecast," Thompson explained.