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.
RevPAR declines are expected to continue into the convention season according to STR’s revised monthly forecast. The company also revised its forecasts for year-end 2009 and 2010. ... Supply and demand in 2010 are both projected to end the year with positive growth. Supply is predicted to be up 1.8 percent and demand is expected to increase 1.3 percent.
Hotel Horizons® is a series of econometrically derived forecast reports developed by PKF Hospitality Research. ... Economic forecasts by Moody’s Economy.com and historic hotel performance data and future supply pipeline information from Smith Travel Research are used to construct the industry’s most comprehensive forecasts
While key industry monitor Smith Travel Research has lowered its US forecast for the second half of 2009, Magnuson Hotels expects to finish 2009 even stronger, forecasting a 30% increase in revenue for ... “Decreased demand combined with rising new supply means market conditions will continue to worsen in 2010 as foreclosures rise to an unprecedented new level.
The full study, conducted by IHS Global Insight, will include a complete profile of U.S. business travelers, as well as a comprehensive forecast of U.S. and global business travel activity. ... Demand-side measures collected directly from business travelers were combined with data from travel suppliers and various governments/NGOs in order to create a definitive set of business travel metrics
A Better Handle on Rates and Demand Forecasts The LRO system develops optimized pricing recommendations for dozens of unit types based on hundreds of factors that influence rate setting, including: Competitive ... influences and historical demand Current and historical lease activity Guest cards, lease duration Move-in dates and other metrics The system also produces accurate enterprise-wide demand forecasts by
s second-quarter profit fell 76% amid weak lodging and timeshare demand as the hospitality industry continues to suffer. ... The hotelier -- which operates and franchises hotels under the Marriott, Ritz-Carlton, Residence Inn and Courtyard declined to give its typical earnings forecasts, citing the uncertain economy, but said
Never has the conference center industry faced such a constriction in demand, even subsequent to 9/11. ... PKF-HR is forecasting that the average US hotel will suffer a 16 percent decline in total revenue during 2009.