HVS Market Pulse: Salt Lake City, Utah
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.
By Katy Black and Ryan Mark
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In Focus: Niagara Falls Area, Ontario, Canada
It put downward pressure on ADR from US demand, which is a significant component of demand in this market. ... Given the uncertain nature of the project, we have not taken this development into consideration in our forecasts of future demand growth for the market.
Hoteliers face up to tech challenges
Future spending will be focused on customer-facing technologies Many analysts forecast an increase in tech spending in 2017. ... In the EAME market, the priorities recently have been on internet provision (18.6 per cent), software (11.4 per cent) and server (10.0 per cent) upgrades, which is in line with the increased demand for
By Hilary Murphy, Associate Dean and Full Professor of Digital Marketing, EHL
2017 Hospitality Outlook Is A Mixed Bag - CBRE Reports
Despite the lofty occupancy levels, CBRE is forecasting a national ADR increase of 3.3 percent in 2017. ... We are encouraged by the positive outlook for lodging demand and resulting high levels of occupancy.
Three Game-Changing Hospitality Trends for 2017
This fact demands analytics that are capable of determining the best pricing strategy for each group, in order to ensure success. ... The drive for direct bookings, the growth of group business and the cultural shifts that are a result of "the sharing economy" will all significantly impact hotel revenues in all markets and demand new
By Tammy Farley, President & Co-Founder, The Rainmaker Group
Travel Agent 2020
All in all, despite the negative forecasts over the past decade, travel agents have proven to be more valuable than anyone ever expected. ... their role will continue to change in the future, owing not only to the continued emergence of new technology and innovations within the travel and hospitality spaces but also because of increasing demands
By Greg Abbott, SVP, Travel & Hospitality, DataArt
Mantra Group Tips Cairns To Be Australia’s Highest Performing Market In 2017
Mantra Group expects Cairns to be the best performing travel destination in Australia in 2017, forecasting its current RevPAR growth to continue into the new calendar year. ... "We're also seeing a smoothing of the city's traditional seasonal demand curve with high occupancies being achieved year-round."
The University of Surrey, SnapShot and STR team up for the next short courses in Hotel Revenue Management and Forecasting, to be held in both London and Guildford in January
The next short courses in hotel revenue management aim to introduce a collaborative approach to Demand Management, focused on: The evolution of revenue management; Market segmentation; Distribution/transaction ... costs; Pricing, demand and value; Inventory control; Hotel investment decisions – market analysis; KPIs and benchmarking; Forecasting The main feature of the programme is a highly interactive hotel simulation
IBC Inks Landmark Deal with LodgIQ™
technology that continuously collects and analyzes market variables such as room rates of direct and indirect competitors, historical room rates, flight patterns, meteorological patterns and other demand ... "Our goal is to help IBC member hotels think differently about how to approach setting rates, forecasting and revenue management as a whole."
Robobutlers, Morphing Hotels, Choosing Dreams And Longevity Spas: Check In To The Smart Hotels Of The Future
Hotels.com is already one of the technology leaders in the travel industry but these new forecasts see super-tech meet super-science. Dr. ... a new pair of shoes, clothes, pharmaceuticals, even computers or wearable phones. 3D shopping will be available, where consumers can download retail goods from the cloud that they want to design on demand
STR: Preliminary November 2016 data for Sydney
Based on daily data from November, Sydney reported the following in year-over-year comparisons: increases in supply (+3.6%) and demand (+4.7%); a 1.1% increase in occupancy to 91.8%; a 3.4% increase in ... The November edition of STR's Market Forecast is now available.
STR: Preliminary November 2016 data for Singapore
Based on daily data from November, Singapore reported the following in year-over-year comparisons: increases in supply (+4.0) and demand (+2.2%); a 1.8% decrease in occupancy to 81.1%; a 4.2% decrease ... The November edition of STR's Market Forecast is now available.
STR: Preliminary November 2016 data for Berlin
Based on daily data from November, Berlin reported the following in year-over-year comparisons: nearly flat supply (+0.4%) and an increase in demand (+5.4%); a 5.0% increase in occupancy to 81.1%; a 1.7% ... The November edition of STR's Market Forecast is now available.
STR: Preliminary November 2016 data for London
comparisons: LONDON -- STR 's preliminary November 2016 data for London, England, indicates strong demand growth and sharp performance increases. ... The November edition of STR's Market Forecast is now available.
Duetto and TravelClick Launch Automated Demand360-Driven Revenue Strategy with KSL Resorts
Through a seamless integration between TravelClick and Duetto, KSL can now make optimal pricing decisions with a holistic view into future market demand. ... With Demand360 for Duetto, new future-looking data points can be correlated and analyzed with Duetto's full slate of forward-looking data sets, including web shopping activity and flight demand. forecasts
Robert Rauch’s Top 10 Trends in Hospitality for 2017
Today's guests expect the in-room entertainment experience to be better than or at least as good as they have at home and they want it on demand. ... Next month, we will begin updating our forecast to reflect some of the political changes that might be impacting demand in our lodging sector.
2017 Hospitality Outlook Is a Mixed Bag: U.S. Occupancy High, But ADR Growth Is Disappointing
Despite the lofty occupancy levels, CBRE is forecasting a national ADR increase of 3.3 percent in 2017. ... We are encouraged by the positive outlook for lodging demand and resulting high levels of occupancy.
Changing Supply-Demand Dynamic Tips the Balance in the US Lodging Sector, According to PwC
The impact of the recently concluded US elections, coupled with plateauing growth in corporate profits, is expected to continue to impact corporate transient demand. ... continued weakness in lodging sector demand growth.
STR: US hotel performance for October 2016
"Opposite of last month, we expected results to be fairly weak with the Jewish holiday calendar shift (September 2015 to October 2016) having a pretty significant impact on Group demand. ... Supply and demand each grew 1.5% through the first 10 months of the year, and while that will likely be the case through the end of the year, we are forecasting supply to pull ahead in 2017 and place further
Medical Tourism – a new segment at ITB Berlin
Over the next ten years annual growth is forecast to reach up to 25 per cent. ... Demand and enquiries for this new segment are high.