STR releases updated forecasts for 2010, 2011
Supply growth and demand growth during 2010 are both expected to increase 1.8 percent. ... Supply in 2011 is projected to be up 1.0 percent and demand is expected to increase 3.2 percent.
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Lodging Econometrics: New hotel construction down in 2010
LE’s forecasted declines for 2010 are steep and are a result of the disappearance of lending. ... The declines in the pipeline and in LE’s Forecast for New Hotel Openings means that the absorption of new supply will be far less of a head wind for the industry as it awaits the recovery of demand and
TRAVELCLICK® Launches Revolutionary Business Intelligence Application
The application also allows hoteliers to forecast future trends and predict shifts in consumer patterns before they occur, giving users a clear competitive advantage. ... With revenue optimization experts in every global market, we help our clients make better business decisions, generate greater demand from the right mix of channels, convert more shoppers to high-value
Revenue Management: Dynamic Pricing
A very popular pricing principle that applies dynamic pricing is called demand-based pricing. In low-demand periods, lower rates are offered. ... As demand increases, lower rate categories are closed and higher rates are quoted. Demand-based pricing as a principle is not new.
By Gabor Forgacs, Associate Professor Emeritus, School of Hospitality & Tourism Management, University of Guelph
A New Year, Renewed Focus and Best Revenue Management Strategies for 2010
Of course, revenue management is important at all times but as the new year gets underway with a stronger recovery mentality – and about time too - it is especially important now: demand for hotel rooms ... is forecasted to increase only slightly more than 1%, and occupancy to essentially remain unchanged this year [1] .
By Jean Francois Mourier, CEO of REVPAR GURU, RevPAR Guru Inc.
Lenders to Lodging Industry Must Come Out of Their Foxholes
But what will happen after November, with seasonal tourism declines, as well as historically low demand in convention and business travel? ... Forecasts from firms such as Smith Travel Research and PKF Consulting indicate that there will be little or no revenue growth in 2010.
Spotlight On 2010 | Led by leisure travelers, more beds will see heads next year, but it will be quite some time before pricing power recovers | hotelsmag.com
When the recovery does come, analysts predict it will be driven by increased demand helped by minimal supply growth in the second half of next year, which in turn will eventually give operators the leverage ... The UN World Tourism Organization forecasts a modest global tourism recovery for 2010, with total international arrivals to increase by 1% to 3%.
Libra OnDemand Making Significant Strides in Spearheading, Supporting CRM Initiatives
sales and enhance customer service, was truly “in demand” in 2009. ... “In today’s economy, a company simply can’t survive if its customers aren’t happy and if their demands or needs aren’t being met.
STR reports US hotel performance for November 2009
As we move through 2010, industry occupancy should flatten and move into positive territory as supply growth slows and demand gains traction. ... STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information.
Recession Lessons: What Will Drive Hotel Sales & Revenue Management in 2010
PKF-HR is now forecasting lodging demand to post a quarterly year-over-year increase during the first quarter of 2010, thus ending eight consecutive quarters of declines. ... On an annual basis, PKF-HR is now forecasting lodging demand to rise 1.9 percent in 2010, up from the 1.6 percent increase forecast back in September.
THE FED RATE | Government Travelers Welcome In 2009
Due to this expanded interest in government demand, we have analyzed the historical and future movements in federal per diem lodging rates, and compared them to the actual and forecast ADRs achieved by ... This is just under the December 2009 Hotel Horizons® aggregate forecast for these same cities.
By Robert Mandelbaum, Director of Research Information Services, CBRE Hotels
PKF Projects Accelerated Recovery In U.S.
On an annual basis, PKF-HR is now forecasting lodging demand to rise 1.9 percent in 2010, up from the 1.6 percent increase forecast back in September. ... With demand outpacing supply, our 2010 occupancy forecast shows a 0.4 percent increase.
HOTELS' 2010 Forecast: It Won't Get Worse | hotelsmag.com
When the recovery does come, analysts predict it will be driven by increased demand helped by minimal supply growth in the second half of next year, which in turn will eventually give operators the leverage ... The UN World Tourism Organization forecasts a modest global tourism recovery for 2010, with total international arrivals to increase by 1% to 3%.
STR releases updated forecasts through 2011
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.
DataWorks’ NeXT® Inventory Management Software rolls out “Suggested Orders” module
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
Six Casino Hotels Including Pinnacle Entertainment and Seneca Gaming Select The Rainmaker Group for Revenue Management
“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 U.S. Lodging Industry Update Forecasts Beginning of Lodging Demand Recovery in 2010
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
U.S. Travel Industry to Add 90,000 American Jobs in 2010
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.
Make Sure the Right Contingency Plans Are in Place
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.
Group Pricing Survey Results: Rate Trends Will Get Worse Before They Get Better
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.