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.
Should revenue managers in the travel industry reduce prices to stimulate demand? What are the alternatives? And what damage could be done? ... Hotels lowered rates to stimulate demand and increase occupancy, but this was quickly copied by the competition, rendering it ineffective.
Association International (HSMAI) Revenue Management & Internet Marketing Strategy Conference in Anaheim, Calif., for a day of in-depth discussions about how the two disciplines can work together to generate demand ... “Revenue management holds demand forecasts and marketing knows the customers, including their buying behavior and product preferences,” remarked Dr.
The June 2009 edition of Hotel Horizons® forecasts demand to decline each of the remaining quarters of 2009, but at a diminishing pace. ... Beyond 2009, the forecast calls for average annual increases in demand of 3.2 percent for the next four years, well above the 1.9 percent long-term average.
Accurate short-term forecasting is essential The Rainmaker system forecasts hotel demand and then recommends the best room rate each night for guests based on their total customer value to help ensure ... Wiggins acknowledges that a year ago he would have named revolution’s long-term (13 months out) demand forecasting capabilities as the system’s most important feature, but today it is the short-term forecasting
In this depressed operating environment where room demand is waning and travelers and corporations are tightening their purse strings, expense control has become ever more crucial. ... In addition to forecasting NOI expectations, capitalization and discount rates analysis is essential to determine the values of income producing properties.
Hanson—a widely respected hospitality and travel researcher who created econometric models that transformed business analysis in the field—will present on the economy’s effects on lodging demand, both ... , and lodging; and detailed forecasts of critical economic indicators.
But as the economy began to sputter in the second half of 2007, consumer demand slackened and OTAs started to benefit from a limited countercyclical lift. ... This annual report presents comprehensive analysis and forecasts of the U.S. total and online leisure/unmanaged business travel market, covers all major travel product segments, and provides detailed channel
Mark Woodworth, president of PKF Hospitality Research, said that his analysis forecasts weak demand through 2009, with a recovery in 2010. "Two factors are amplifying this demand weakness," he noted. ... PKF forecasts that hotels will lose approximately 1.0 percent of demand in 2009 due to airline capacity cuts. Unlike past downturns, however, the industry is not awash in excess supply additions.