– ITB Berlin reaffirms its standing as the World's Leading Travel Trade Show With a five per cent increase in business volume at ITB Berlin 2018 compared to last year, and excellent business being forecast ... Due to high demand this segment, which was introduced only last year at the World's Largest Travel Trade Show, was relocated to a larger hall (21b).
Based on daily data from February, Melbourne reported the following in year-over-year comparisons: Supply: +2.2% Demand: +3.5% Occupancy: +1.2% to 88.8% Average daily rate (ADR): +0.3% to AUD191.08 Revenue ... The January edition of STR's Market Forecast and the 2017 Global Hotel Study are now available.
The year following the Brexit referendum saw a big boost in demand as the pound became cheaper allowing hoteliers to boost their rates. ... If you look at secular demand drivers like people preferring experiences rather than goods, that's all driving demand. But if you look at supply, there is little.
The following report examines the effects of past recessions on hotel performance in Manhattan, as well as the dynamics of hotel supply and demand and forecasts for the health of the local lodging industry ... The following report examines the effects of past recessions on hotel performance in Manhattan, as well as the dynamics of hotel supply and demand and forecasts for the health of the local lodging industry
Until recently, the idea of a revenue manager gazing into the dashboard equivalent of a crystal ball and generating precise demand forecasts for every night of the year across every room type and every ... Now, revenue managers have the tools to generate millions of new forecasts based on analysis of demand forecasts, competitor rates, market conditions, price sensitivities and demand drivers like seasonality
based on latest results of IPK's World Travel Monitor®, an annual survey analyzing the outbound travel behavior in more than 60 countries worldwide, covering over 90 per cent of the global outbound demand ... International travel from Europe as well as North America is forecasted to grow by 4 per cent each. Source: IPK International, World Travel Monitor®
Stable transaction volume forecast in Germany for 2018 Hamburg -- The European hotel market is on track for growth thanks to a rise in tourist demand in Europe in 2017. ... This high demand is resulting in the lowest returns among the top five.
RedDoorz has developed its own proprietary technology using data analytics to accurately forecasts demand on areas that could have more hotels or properties to drive more footfall for travellers.
LONDON -- Europe's hotel industry recorded all-time high performance levels in 2017 with additional growth expected in 2018, according to data and forecasts from STR . ... This, coupled with steady demand growth, has allowed hotel operators to capitalize on heightened occupancy levels by driving rate growth.
Launched in 2014, it put into the cloud all the tools (forecast, budget strategy) a hotel would need to manage its demand. ... To learn more about SnapShot On Demand, RSVP to the event here .
Over the next ten years growth is forecast to reach up to 25 per cent per annum. ... The international rise in demand for Medical Tourism places at the World's Largest Travel Trade Show reflects this trend.
"The good news is that next-generation revenue management solutions have become extremely sophisticated and effective, fueled by the rapid growth of big data processing, demand forecasting and pricing
The major forecasting firms, CBRE, PwC and STR are projecting that the U.S. lodging industry will achieve an annual occupancy rate of around 65 percent in 2018. ... It seems that this will be the year that supply meets demand so there is likely to be flat occupancy levels in 2018.
Unique Demand Impacts "The declines in occupancy forecast by CBRE for 2018 are not solely attributable to the increases in supply," said John B. ... "We also are forecasting demand growth slowdown from 2.7 percent in 2017 to 1.8 percent in 2018."
But competing in today's digital environment isn't simply about adding new skills; it demands a revaluation of organisation and operating models. ... Revenue productivity Dynamic pricing, revenue forecasting and yield management, are well understood capabilities increasingly employed by hotel companies.
"Duetto has established itself as the market leader in the hotel revenue management space, providing its customers with next-generation solutions to optimize demand, maximize rates and minimize costs," ... The company's intelligent reporting application ScoreBoard forecasts and analyzes performance, delivering key insights to stakeholders across the organization.
Its product suite includes: guestrev® , an intuitive and easy-to-use revenue management solution 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 the best pricing for group
Our expansion into Makassar is aimed at meeting the huge demand for affordable and convenient budget accommodations in Indonesia. ... RedDoorz has developed its own proprietary technology using data analytics to accurately forecast demand on areas that could have more hotels or properties to drive more footfall for travellers.
In addition to a higher demand, the new year will see an increase in costs and a shift in where meetings are planned. ... Freshness and quality are crucial, and there's a strong demand for health-conscious cuisine from our planners.
Additional Revenues Needed With RevPAR forecast to grow less than three percent on an annual basis through 2021, hotel owners and operators are looking for other sources of revenue to bolster the top line ... Hoteliers are challenged to develop new, or expand existing, other operated departments that offer the services today's guests demand, and value.