Why You Need to Take a Holistic Approach to Hotel Budgeting
An accurate demand forecast includes unconstrained demand, stay patterns, and booking pace, which directly impact your bottom line. ... demand.
By Kristi White, VP, Sales Engineering
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Baird/STR Hotel Stock Index up 1.5% in September
It was nice to see investor sentiment more aligned with the recent run of record-breaking monthly demand," said Amanda Hite, STR's president and CEO. ... "It was nice to see investor sentiment more aligned with the recent run of record-breaking monthly demand," said Amanda Hite, STR's president and CEO.
Okada Manila Selects Rainmaker Solution Suite to Drive Guest Bookings, Outperform Competitors and Increase Profitability
following revenue management software solutions from Rainmaker: guestrev , an intuitive and easy-to-use revenue management application that analyzes total guest value across a hotel or casino property to forecast ... and price rooms; grouprev , an innovative group pricing solution that streamlines the process of responding to group RFPs by analyzing historical data, future demand, and price sensitivity to recommend
iVvy Partners with IDeaS to Help Meetings and Event Venues Maximize Revenue
managers, seamlessly pulling data from other sales tools to strategically manage meetings and event functions, allowing hoteliers to create ideal pricing scenarios to enhance strategic decisions, capture forecasts ... This alliance comes at a time when iVvy is on a trajectory for unprecedented growth worldwide due to increasing demand for the intuitive, cloud-based venue management software.
Hotel investment strategies in Sub-Saharan Africa evolve, as hotel trading gradually improves - JLL Reports
Development returns are highest when focused on disrupting the sector or when addressing emerging demand and differentiating projects. ... East Africa has experienced good demand growth, yet occupancy has been under pressure due to recent supply growth.
Hotel Industry – Q4 2018 and Beyond
Her forecast is for RevPar growth of 2.6% next year, down from a forecasted 3.2% this year. Occupancy is essentially flat due to supply and demand being in balance, so most of RevPar is from ADR. ... They are forecasting 2018 RevPar to finish up 3.1% this year and up 2.5-3% next year.
By Bob Rauch, President of RAR Hospitality, R.A. Rauch & Associates, Inc.
ProfitSword Reinforces Management Team Structure as Part of Planned Growth Strategy
As CPIO, Brian Treadwell will now be responsible for realigning ProfitSword's business process strategies in order to adequately meet this increase in demand. ... It also allows for the comparison of sales pace to forecast, budget, prior years and same time last year trends.
Hilton on track to more than double its footprint in Africa as it opens Legend Hotel Lagos Airport, Curio Collection by Hilton
As the continent continues to undergo rapid urbanization, with the UN forecasting that the world's 10 fastest-growing cities will all be in Africa by 2035, this hotel is a part of our strategy to connect ... Hilton is seeing strong demand for its brands across the continent and expects to open eight hotels in total across Africa this year, three of which will fly under the Hilton Garden Inn flag.
Travel Industry Will Record 2.4 Billion International Trips by 2030
By 2023, travel intermediaries are forecast to exceed USD 2 trillion stimulated by digital advances and the shift to mobile sales representing 70 percent of travel agents' sales in 2017. ... The sharing economy and digitalisation are bringing new business models with consumers becoming more sophisticated and demanding," states Popova.
Travel 2019: Disrupt or be Disrupted
Consumers worldwide are becoming more sophisticated and demanding. Rising incomes and middle classes globally lead to growing confidence among consumers. ... Highly competitive travel intermediaries space By 2023, travel intermediaries are forecast to exceed USD2,000 billion, with a strong CAGR of 5.6% over 2018-2023, spurred on by digital advances and the
By Nadejda Popova, Senior Analyst, Euromonitor International Ltd.
ITB Berlin and IPK International: Cruise holidays booming with strongest growth from Asia
The biggest growth in this industry is coming from Asia-Pacific, where the demand for cruise holidays has more than tripled since 2007. ... However, the cruise growth is particularly driven by Asians, whose demand for cruise holidays has more than tripled since 2007.
AccorHotels Deploys Infor Revenue Management Solution across France
, and then to adjust their forecasts based on a dynamic approach and self-learning algorithms. ... "Infor EzRMS is designed to help hotel managers to maximize their revenue by automatically calculating demand forecasts and recommending appropriate sales strategies based on schematic data, timeframes
GJP Hotel & Resorts Invests in Infor Software
Infor, a leading provider of industry-specific cloud applications, announced that GJP Hotel & Resorts Group is implementing Infor® EzRMS, a revenue management solution used for demand modeling and forecasting ... The solution forecasts demand, recommends proper sales strategies and helps maximize performance and profitability. "I already knew Infor, in fact used their applications in the past.
ITB Berlin and IPK International: International City Trips - A Success Story
City trips worldwide grew four times as fast as total international holiday market over past 10 years - City breaks overtake Sun&Beach holidays - ITB Berlin and IPK International analyse worldwide demand ... The final results of the World Travel Monitor® for the entire year 2018, as well as the latest forecasts for 2019, will be presented by Rolf Freitag, CEO of IPK International, at the ITB Future Day during
STR: Asia Pacific hotel performance for August 2018
STR analysts note that the 2018 Asian Games, held 18 August through 2 September, drove a 16.2% increase in demand (room nights sold) in the market. ... In the latest Market Forecast for Tokyo, STR analysts expect continued growth in RevPAR (+6.0%) in 2019 and 2020.
PwC UK hotels forecast 2019
Our UK hotels forecast 2019 has launched today. We anticipate slower growth due to: Softer economic growth; High levels of new room supply and Weak business travel demand.
BCD Travel 2019 Industry Forecast
The forecast, published in prior years by Advito, the consulting arm of BCD Travel, includes supply, demand, and pricing trends for air, hotel, meetings, and ground transportation for all major regions ... In addition to its pricing forecasts and buying strategy recommendations for air, hotel, meetings and ground transportation for each major region of the world, BCD Travel's 2019 Industry Forecast also
Prince’s Trust Teams Up with Marriott International in Canada on Youth Employment Project
On a global scale, the travel and tourism industry is forecasted to grow at a faster rate than other major industries, supporting 126 million jobs directly over the next ten years. ... At the same time, the demand for talent will continue to outpace talent supply.
Basic, Better, Best: Low Season Revenue Strategies
Advanced forecasting models or systems provide powerful insights into business demand, which assists with project planning and staffing. ... low demand.
STR: U.S. hotel performance for August 2018
STR's latest forecast calls for continued growth in the metric through 2019. ... "Even with supply growth significantly higher in the Top 25 Markets, high demand drove occupancy levels and gave hoteliers the confidence to push their rates a bit.