budget or forecast. ... Price elasticity of demand − or 'the responsiveness of the quantity demanded of a room or service to a change in its price'− is a measure of desirability.
HENDERSONVILLE, Tennessee -- The U.S. hotel industry is projected to see slower but steady growth through 2018, according to STR and Tourism Economics ' first forecast of 2017. ... "Demand has outpaced supply in terms of growth for seven consecutive years, but we expect that to change in 2017 and continue in 2018," said Amanda Hite, STR's president and CEO.
New York, NY -- The updated lodging forecast released today by PwC US notes that strong industry performance in the fourth quarter of 2016, including encouraging trends in demand and average daily rate ... higher than in PwC's November forecast .
Further slowing of RevPAR growth has been anticipated; however, given recent revised economic forecasts, the outlook may improve. ... Economic growth fuels hotel demand, so the current soft landing may transition to another leg for this cycle.
United Kingdom Occupancy: -0.2% to 77.2% ADR: +1.6% to GBP89.21 RevPAR: +1.4% to GBP68.88 In the second half of 2016, U.K. hotels posted steady demand growth, but a 2.0% year-over-year increase in supply ... For 2017, STR and forecast partner, Tourism Economics, project that "staycations" will play a major role for hotel performance across the U.K., as travelling abroad has become more expensive following
Susan Devine says that Preferred is forecasting continued growth. ... Market intelligence that can discern future demand for a given market can provide insight into trends historical data may not reveal.
In its 2015-2040 Keflavik Airport masterplan, Isavia Ltd (the operator of Iceland's airports) forecasts passenger demand to reach 14 million passengers per year by 2040 (including transit passengers). ... Finally, although the sharing economy has risen mainly to supply demand that would otherwise be unaccommodated due to hotels being full, it is unclear what would happen if demand were to suddenly slow
Market Drivers A still-booming tech industry, a popular convention center, and strong year-round tourism are driving near-record demand in San Francisco. ... Hotel Supply and Demand The San Francisco lodging supply currently includes approximately 220 properties with over 34,000 guestrooms.
Although the levels of demand fluctuated during the recession and subsequent government shutdown and sequestration, the volume of travel related to government activity, complemented by steady tourism demand ... hoteliers to optimize average rate during peak demand periods.
STR analysts note that the country's hotels continue to struggle with fewer major events driving tourism and a consistent imbalance in supply and demand growth. ... The November edition of STR's Market Forecast is now available.
Based on daily data from December, Melbourne reported the following in year-over-year comparisons: Supply: +3.2% Demand: +1.5% Occupancy: -1.7% to 80.8% Average daily rate (ADR): +3.1% to AUD190.50 Revenue ... The November edition of STR's Market Forecast is now available.
per available room (RevPAR): -5.4% to AED657.37 This was Dubai's highest December demand increase since 2011. ... The November edition of STR's Market Forecast is now available.
Based on daily data from December, Munich reported the following in year-over-year comparisons: Supply: +2.8% Demand: +1.9% Occupancy: -0.8% to 69.0% Average daily rate (ADR): -3.6% to EUR119.87 Revenue ... The November edition of STR's Market Forecast is now available.
comparisons: LONDON -- STR 's preliminary December 2016 data for London, England, indicates significant demand growth and high occupancy levels. ... The November edition of STR's Market Forecast is now available.
There are no executive level changes to forecast numbers at the 11th hour. 2. ... The forecast is zero-based in all areas and is consolidated.
Oil prices are back up over $50, consumer confidence is high, interest rates remain low albeit forecast to inch up and a new administration might pump up the economy beyond what we had initially forecasted ... Look for technology to play a huge role in how this year shapes up as trends of doing business can directly impact demand on individual hotels.
As more and more businesses seek to locate their operations in Sidi Maarouf we see a demand for an increase in the levels of accommodation. ... It is forecast that the hotel may welcome its first guests in 2021.
Situation: With supply predicted to exceed demand in many global markets in 2017, 'Book Direct' strategies are more important than ever. ... Airbnb is taking 10-12% of travel demand in New York City, Paris, London and other major global metropolitan areas alone.
With integrated analytics, rGuest Stay also delivers real-time management information so that managers can accurately forecast demand and scale services accordingly.
This is especially clear in the form of leisure demand related to the area's ski industry. ... Hence, hotels throughout Salt Lake City also benefit from ski-related demand.