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Beyond Star Ratings: How Online Reviews Can Forecast Restaurant Survival

“Consumers’ perceptions and decisions influenced by different signals”, the authors summarise, “can affect product demand, which ultimately can affect business survival”. ... That is, the models were better at forecasting restaurant survival when using reviews by Elite members, implying that these have more influence on diners’ decisions and in turn the fates of individual

Lotte Hotels & Resorts and Highgate Announce Strategic Partnership Across the Americas and Asia

The companies will collaborate on global distribution across direct channels, group and wholesale, loyalty, and third-party intermediaries, with the explicit goal of driving cross-market demand between ... The companies will jointly develop and deploy next-generation revenue management and demand-forecasting systems, combining Highgate's analytics-driven commercial platform with Lotte's deep operating dataset

The 2026 Hotel Profit Story Will Be Won in the Space Between Demand and Discipline

The issue is that hotels now expect less revenue from roughly the same level of demand. Forecast ADR is $5.11 below budget. Forecast RevPAR is $5.89 below budget. ... Demand strengthened. Margins expanded. But the rest of the year looks more complex. The forecast suggests demand may hold close to budget, while revenue falls short of the original plan.