STR: Preliminary November data for Dubai hotels
STR's preliminary November 2017 data for Dubai, United Arab Emirates, indicates significant growth in supply and demand. ... The November edition of STR's Dubai Market Forecast is now available.
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Kimpton® Hotels & Restaurants Publishes Fourth Annual Culinary & Cocktails Trend Forecast
spreads, visual filters, sour beers and upcycling of ingredients are among the top dining trends of the new year according to Kimpton Hotels & Restaurants ' fourth annual Culinary & Cocktails Trend Forecast ... The forecast findings were uncovered via an extensive survey of leading chefs, sommeliers, general managers and bartenders from 80+ acclaimed Kimpton restaurants, bars and lounges across 37 cities in the
25th World Travel Monitor® Forum in Pisa: North American outbound travel grows strongly as Latin America makes good progress
IPK's Travel Confidence Index forecasts further growth of 4 percent next year. ... IPK's Travel Confidence Index forecasts slightly higher growth of 6 percent in Latin American outbound travel in 2018.
The Rainmaker Group Closes Sale of Multifamily Housing Assets
groundbreaking revenue and profit optimization 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
Fontainebleau Miami Beach Selects Solution Suite from Rainmaker to Optimize Hotel Revenue and Drive Competitive Advantage
"Our property is unique, with a variety of room categories and large group demand," said Phillip Goldfarb, president and chief operating officer at Fontainebleau Miami Beach. ... 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
Banyan Investment Group Expands Presence in Midwest with Acquisition of Three Marriott-Branded Hotels
"We are particularly attracted to state capitals and university markets that tend to remain stable and consistent from a hotel demand perspective." ... Additional demand generators include the DuPage Children's Museum, Wheaton University and the Chicagoland Speedway.
25th World Travel Monitor® Forum in Pisa: Steady growth for Asian outbound travel in 2017
This is behind the very strong 9 percent increase achieved in 2016 but is in line with the World Travel Monitor® forecast of 6 percent growth for this year, which was made 12 months ago. ... At the same time, Asians want to relax on sun & beach holidays more than ever, while demand for city trips remains strong. These two trends offer good prospects for destinations around the world."
Leveling the Data Field: How Hotels Can Compete with Better Data Access
It is a tiered strategy that makes every effort to retain profitability, but it is only possible with all the data available for review in one sitting and on demand. ... All data can be compared with the annual budget or forecasts.
Rainmaker Announces Antitrust Clearance from U.S. Department of Justice, Clearing the Way for Completion of Multifamily Assets Sale
Rainmaker's revenue and profit optimization 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 Unfinished Business of Revenue Management: Investment Abandoned
The problem is that when we place revenue management in sales and marketing or reservations, for that matter, it stays on the front end of the process, looking at demand forecasts, identifying problems
By Pierre Boettner, founder and CEO, hospitality pulse
IDeaS RMS Chosen by La Mamounia to Sustain the Hotel’s Market Leader Position
"Approximately 90 percent of our trade is leisure, so accurately predicting demand and setting prices to maximise profitability has always been challenging." ... "Historically we've worked on demand-based pricing, but this has consistently left unanswered questions about the best way to boost performance – both in peak demand periods and the low season."
U.S. Lodging Industry Performance Appears to Be Sustainable CBRE Research Forecasts Occupancy to Increase Through 2019
Atlanta -- The U.S. lodging industry is forecast to enjoy continued levels of record occupancy through 2019. ... Our forecasts show that hotels will sustain a very high level of performance.
Market Pulse: Hotel Demand Takes Flight at LAX
The LAX/El Segundo area has experienced robust growth in hotel demand in recent years, buoyed by increased passenger volume at LAX, the addition of new upper-upscale hotels, and sustained corporate demand ... hotel demand in the future.
By Jessica White, Consulting & Valuation Analyst, HVS
25th World Travel Monitor® Forum in Pisa: Strong year for European outbound travel
This is well ahead of the 3 percent growth seen in 2016 as a whole and the original forecast of a 4 percent increase for this year. ... Good demand is also predicted from Belgium, France, Netherlands, Norway and Switzerland.
e-forecasting.com: U.S. Hotel Industry Leading (HIL) Indicator rose in September
Three of the forward looking indicators of business activity that comprise Hotel Industry Leading (HIL) Indicator had a positive contribution to its change in September: Foreign Demand; New Orders, and ... compared to a 30-year average annual growth rate of 2%," said Evangelos Simos, professor of economics at the University of New Hampshire and series editor for predictive analytics databases at e-forecasting
STR, Tourism Economics forecast stronger growth for U.S. hotels
"Due to stronger demand, occupancy growth has exceeded earlier forecasts. ... All other segments are forecasted to see a dip in occupancy.
Rainmaker Ends Q3 2017 with High-Growth Momentum
Rainmaker's revenue and profit optimization 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
Key Takeaways: Lodging Conference
Lodging Fundamentals – Demand continues to outpace supply, a relationship that is forecast to change in 2018.
By J. Carter Allen, Managing Director, HVS
IDeaS G3 RMS Gives New Revenue Opportunity to Resorts and Hotels with Component Room Optimization – an Industry First
Combined with sophisticated pricing and inventory control decisions, powerful forecasting and interactive reporting dashboards, component room pricing showcases IDeaS' commitment to solving the unique ... IDeaS helped us understand pricing, availability and demand for each room in order to optimize profitability." Click here
Asset Management Guide: Operator Search
Evaluating demand factors and the potential business mix for the property by using market data is key to developing a viable business model. ... The management agreements will have a term sheet that includes multiple clauses that need to be revised and compared with the financial forecasts.
By Mariano Faz, Head, TFG Asset Management