Demand was helped by the ITB Berlin travel trade show (8-12 March). From 7-9 March , occupancy was 95.4%, 97.6% and 92.2%. STR will release actual March 2017 results later this month. ... The February edition of STR's Market Forecast is now available.
The World Bank has forecast economic growth in the region to rebound to 2.9 percent in 2017, and rise above 3.5 percent by 2018. ... By 2026, international tourist arrivals are forecast to total more than 100 million in the Middle East and we are ready to meet the increased demand for Gold-Standard serviced residences.
By forecasting demand for each customer segment based on total spend, casinos can determine the optimal mix of customer segments for each date and use real-time data to target them with the most strategic ... “Hotels can forecast each segment’s demand, determine the optimal mix based on the profitability of each segment, and then make pricing decisions that target this ratio.
Good demand prospects Economic cooling-off in 2016 . ... Supply growth exceeds demand growth in 2016 . Despite an increment in visitors and hotel demand in Santiago, the growth in supply led to a drop in occupancy. 7.1% drop in average rate in 2016 .
With integrated analytics, rGuest Stay also delivers real-time management information so that hotels can accurately forecast demand and scale services accordingly.
These forecasts are typically used to help hotels establish their ideal pricing and inventory control strategies. ... However, as predictive analytics are derived from forecast models based on historical records, there can be challenges forecasting time frames with brand new market conditions or events.
In the Middle East, softer demand is coinciding with increasing supply. ... Yet due to strengthening demand, Advito has adjusted its regional business fares forecast for this market, changing the predicted rise from 0% to 2%.
Supply of beds has been playing catch-up with demand, and multiple tourism related projects are currently underway. ... However, as tourism numbers are forecasted to continue to grow, with probably accelerated rhythms in the coming years, the market needs to find more ways to cope with the demand.
Due to high demand the eTravel World featured an additional hall. In addition to Hall 6.1 visitors found many newcomers in Hall 7.1c. ... Due in particular to the recent sharp increase in demand from Arab countries the layout of a number of display halls had been changed.
Leisure and corporate travel patterns complement each other and contribute to considerably high demand for hotels in Singapore. ... However, research has shown that lowering ADR will possibly result in a lower RevPAR performance due to contracting demand.
generally stay at hotels situated in the outskirts of the city that are positioned towards the lower end of the market, in contrast to the properties located in the Historic Centre, where individual demand ... Conclusion Florence benefits primarily from its artistic heritage but another important driver for the city's tourism demand is its recent positioning as a fashion hub and events venue.
Based on daily data from February, London reported the following in year-over-year comparisons: Supply: +2.8% Demand: +5.5% Occupancy: +2.7% to 77.6% Average daily rate (ADR): +4.7% to GBP132.50 Revenue ... The February edition of STR's Market Forecast is now available.
Based on daily data from February, Munich reported the following in year-over-year comparisons: Supply: +2.7% Demand: +8.7% Occupancy: +5.9% to 72.0% Average daily rate (ADR): +10.9% to EUR126.27 Revenue ... The February edition of STR's Market Forecast is now available.
Based on daily data from February, Singapore reported the following in year-over-year comparisons: Supply: +4.0% Demand: +4.9% Occupancy: +0.9% to 85.7% Average daily rate (ADR): -8.1% to SGD274.32 Revenue ... The February edition of STR's Market Forecast is now available.
Based on daily data from February, Melbourne reported the following in year-over-year comparisons: Supply: +2.8% Demand: +2.2% Occupancy: -0.6% to 88.1% Average daily rate (ADR): -5.4% to AUD191.63 Revenue ... The February edition of STR's Market Forecast is now available.
An industry first in revenue management, the addition of group forecasting to existing Rainmaker solutions provides the unique ability to project future group business demand. ... "Forecasting any remaining group demand and pickup has always been a time-consuming manual process in both my big-brand experience and certainly from Omni Hotels' experience," adds Peña.
aid hotel executives in making sense of all the granular data – how are people finding your property, what channel are they booking in, where are corporate groups coming from, what does the revenue forecast ... Not only can a pervasive CRM help level the playing field between large hotels and independents, but it is also your best defense against Airbnb and the overly picky demands of millennials.
Porto leads the pack with 15% RevPAR growth forecast in 2017 Dublin expected to have the highest occupancy levels in Europe Strong economic growth forecast for Portugal, Spain, Greece and Ireland Geneva ... Growth is being driven by continued economic growth and travel demand with the UN World Tourism Organisation forecasting a 2-3% growth in global tourism for 2017.
"Duetto's predictive analytics match our disruptive business model perfectly, and bring us the benefits of Open Pricing and the ability to forecast demand, better understand our customers and build direct ... The unique combination of hospitality experience and technology leadership enables Duetto to provide new insights on pricing and demand as a true cloud-based software-as-a-service.
A hotel CFO or Controller has a very difficult job in today's demanding hospitality environment. ... SaaS fees are inclusive of updates and upgrades to ensure that the hotel using it stays current on guest and market demands.