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.
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South Korea Tourism Overview
For 2016, we forecast a recovery in occupancy levels as the market normalizes during the summer months affected by MERS in 2015. ... Opportunities for developments in other parts of the city remain, yet those require tailored positioning strategies and business models to cater to local demand.
By Jae Hyun YOO, Analyst at HVS Hong Kong, HVS
Be Prepared – This Is Not a Test!: AF&Co’s 2017 Trends Report
As we look towards the coming year, the forecast for the restaurant and hotel industry is a little cloudy. ... Now in its tenth year, AF&Co's annual trends report has become an industry standard in anticipating market demand and consumer feedback.
STR, Tourism Economics project moderate growth in final U.S. forecast of 2016
HENDERSONVILLE, Tennessee -- The U.S. hotel industry is projected to experience continued but muted performance growth through 2017, according to STR and Tourism Economics ' final forecast of 2016. ... "As supply eventually outpaces demand, rate will determine the level of RevPAR (revenue per available room) growth the industry experiences for the next several years," said Amanda Hite, STR's president
Clean and green: The new energy of choice - JLL Real Views
"Outside of solar, we are seeing an increase in interest in storage, because of the utility rising costs and demand charges. ... Such load-shift practices on the part of companies are helping offset peak demand, as well as responding to the roll-out of smart and time-of-use meters by utilities.
Brexit Impact Yet to Hinder Europe’s Growing Business Travel Market
increase to $210.7 billion USD in 2016 and top out at $220.6 billion USD in 2017, 6.0% and 4.7% growth respectively – very positive numbers, but slightly lower than predictions in GBTA's previous forecast ... Germany's economy remains one of the strongest in all of Western Europe fueled by a robust labor market, low interest rates, rock-bottom energy prices and strong demand for exports.
STR: US hotel pipeline for October 2016
"Both of those segments maintained demand growth through the first three quarters of the year, and we're forecasting more demand growth in the coming years. ... "Both of those segments maintained demand growth through the first three quarters of the year, and we're forecasting more demand growth in the coming years.
India - 2016 Hotel Development Cost Survey
Survey 2016 revealed the need for ease of setting up and doing business and reducing the number of licenses and having a single window clearance to develop and operate hotels as two of the top five demands ... An efficiently built functional hotel may not yield a good return if built with an inappropriate positioning having a facilities mix that is not in line with the current market conditions and forecasted
By Achin Khanna and Rishabh Thapar
STR: Preliminary October 2016 data for London
STR analysts note that steady supply growth continued in the market, while demand dropped across both weekday and weekend business. ... The August edition of STR's Market Forecast is now available.
STR: Preliminary October 2016 data for Munich
Based on daily data from October, Munich reported the following in year-over-year comparisons: an increase in supply (+2.8%) and a decrease in demand (-1.5%); a 4.2% decrease in occupancy to 82.5%; an ... The August edition of STR's Market Forecast is now available.
STR: Preliminary October 2016 data for Dubai
STR analysts note that demand from the annual Gulf Information Technology Exhibition (GITEX), held 16-20 October, was outweighed by continued supply growth in place for Expo 2020 Dubai. ... The August edition of STR's Market Forecast is now available.
STR: Preliminary October 2016 data for Singapore
In addition to the impact of new supply on Singapore's performance, concerns over the Zika virus continued to hinder demand in the market's corporate segment. ... The August edition of STR's Market Forecast is now available.
STR: Preliminary October 2016 data for Melbourne
Based on daily data from October, Melbourne reported the following: increases in supply (+3.2%) and demand (+1.5%); a 1.7% decrease in occupancy to 87.3%; a 0.7% increase in average daily rate (ADR) to ... The August edition of STR's Market Forecast is now available.
Solving the Property Management System Value Conundrum: Invest in the Future, Not the Past
In fact, demand for SaaS enterprise applications is accelerating and exceeding the demand for on-premise applications by five times according to an IDC report. ... SaaS business applications have doubled since 2011 and are forecast to climb at a compound annual growth rate (CAGR) of 19.5% through 2016.
By Jos Schaap, CEO, ROOMDEX, Inc.
Resort With A Real Estate Ownership Component: A Turnaround Case Study
They often demand major infrastructural investments. They can be complicated by issues concerning topography and utilities. ... Using the income-and-expense forecast structure associated with the actual performance for the trailing-twelve-month (TTM) period ending June 2016, we revised the forecast to account for a stabilized downward
By Erich Baum, Senior Vice President, HVS
STR: Paris hotels continue to struggle from terrorism concerns
This year's performance decline has mostly been driven by a drop in occupancy (-12.4% to 69.1%), as demand plummeted (-11.9%) compared with the same nine-month period in 2015. ... STR's forecast for Paris, which focuses on the Luxury and Upper Upscale classes, projects a return to performance growth during the second half of 2017.
In Focus: Udaipur – An Oasis of Potential
On the demand front, we foresee a surge in demand from the Group Leisure and Meeting and Events segments. ... Hotels in the pipeline are likely to induce demand from these groups as well, bolstering demand and minimising the impact of supply.
By Shunit Roy, Analyst at HVS New Delhi, HVS
Katrina Orr has been appointed as Director of Revenue Strategy at Miramonte Resort & Spa, A Destination Hotel
In her new role, Orr will take charge in the management of group and transient pricing, conduct competitive and demand analysis, using market and industry reports, and maintain short and long term forecasts
The Data Undercurrent in Today’s Hospitality Technology
include: The many specific sources within each of the above categories include internal transactional data from customer and property management systems, point of sale solutions, supply inventories, demand ... These solutions now include inputs including local supply and demand statistics, competitive pricing, market level flight activity, weather and events to deliver more accurate forecasting and set pricing
By Tim Henthorn, CEO of Accubase, Capsolve
Does It Really Pay to Book Direct?
I know what it's like to forecast a budget shortfall and be tempted to turn on the OTA tap to meet the numbers. It's so easy, so effective. ... But while the hotel may experience a revenue bump in the short term, and perhaps satisfy the budgetary demands of corporate office, ownership and quarterly bonuses, in the long run it's not doing anyone
By Daniel Craig, Founder & Chief Strategist, Reknown, Reknown Marketing