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October 18, 2016

LodgIQ™ Debuts LodgIQ One™, First-ever Intelligent Platform To Utilize Real-time Market Data For Price Optimization

LodgIQ ONE™ harnesses the power of LodgIQ's patented market-based forecasting and optimization algorithms and machine learning platform, and completely eliminates any dependencies on PMS or CRS connectivity ... The platform intelligently scans all relevant market demand and price-elasticity signals in real-time to determine the true competitive set of any hotel, and derives optimal price recommendations for up

LodgIQ™

Report Markets & Performance

October 18, 2016

In Focus: Greece

The Russian market had a strong and fast-growing presence for the last six years and after a year of declining demand in 2015, mainly due to visa restrictions, it seems that demand is likely to rebound ... Demand for Transient Accommodation Over the past years, an average of about 80.0% of the total hotel bednights in Greece has been of international nature.

By Nana Boussia, Themis Trakas, and Pavlos Papadimitriou

Greece

Opinion Article Sales & Marketing

October 17, 2016

Hotel Distribution Cost: The Only Cost Driver That Can Save Your Property’s Bottom Line in 2017

Airbnb "stealing" demand share from hotels, occupancy rates flattening and even declining (STR.) ... Conclusion With bleak industry forecasts for flattening and even decreasing occupancy, and supply outweighing demand in many major markets, the only cost driver hoteliers have any control over is distribution

By Max Starkov, Hospitality & travel technologist and digital strategist, Hospitality Net

Press Release Markets & Performance

October 14, 2016

STR releases preliminary September 2016 data for Sydney

Based on daily data from September, Sydney reported the following in year-over-year comparisons: increases in supply (+4.4%) and demand (+5.0%); a 0.6% increase in occupancy to 86.0%; a 6.2% increase in ... The August edition of STR's Market Forecast is now available.

CoStar

Sydney, Australia

Press Release Markets & Performance

October 14, 2016

STR releases preliminary September 2016 data for Singapore

Based on daily data from September, Singapore reported the following in year-over-year comparisons: increases in supply (+4.0%) and demand (+2.1%); a 1.8% decrease in occupancy to 79.1%; a 2.3% decrease ... The August edition of STR's Market Forecast is now available.

CoStar

Singapore, Singapore

Press Release Markets & Performance

October 14, 2016

STR releases preliminary September 2016 results for Berlin

Based on daily data from September, Berlin reported the following in year-over-year comparisons: A decrease in supply (-0.1%) and an increase in demand (+0.3%); a 0.4% increase in occupancy to 90.0%; a ... The August edition of STR's Market Forecast is now available.

CoStar

Berlin, Germany

Press Release Markets & Performance

October 14, 2016

STR releases preliminary September 2016 data for London

STR analysts note that London has maintained strong demand levels since the results of the Brexit referendum were announced in June. ... The August edition of STR's Market Forecast is now available.

CoStar

London, United Kingdom

Ad Guide

The next-gen metrics that move hotel P&L

Hotel tech has changed what's possible – and measurable. RevPAR and ADR aren't enough; discover the metrics that really matter.

Mews

Ad Be seen. Be trusted.

Why Hospitality Net Leads B2B in Hospitality

Learn what makes us the industry-leader in what we do.

Hospitality Net

Opinion Article Sales & Marketing

October 14, 2016

Hoteliers Beat Budgeted Revenues and Control Costs

In 2014, it appears that hotel managers analyzed the history of these forecasts and made their own adjustments when preparing their 2015 budgets. ... Concurrently, operating expenses are forecast to rise by 3.9 percent. This should result in an improvement in profits of roughly 5.2 percent.

By Robert Mandelbaum, Director of Research Information Services, CBRE Hotels

Supplier News Sales & Marketing

October 11, 2016

Premier Inn Middle East partners with IDeaS Revenue Solutions to accelerate revenue growth

The combination of solutions and, specifically, IDeaS G3 RMS forecasting and pricing functionality, is expected to significantly raise the overall optimisation of revenue management efforts, which in turn ... It's absolutely essential to stay ahead in a constantly demanding industry such as ours, and I am confident that these new solutions will not only support our revenue optimisation goals, but give us a

IDeaS

Press Release Markets & Performance

October 4, 2016

Cautious Optimism for Investors in Sub-Saharan Africa Hotel Sector

demand growth of 3% to 5% per annum during the coming three years. ... This demand growth, paired with more effective matching of supply to demand, sets a good foundation for investment.

JLL

Ad Be seen. Be trusted.

Why Hospitality Net Leads B2B in Hospitality

Learn what makes us the industry-leader in what we do.

Hospitality Net

Press Release Markets & Performance

October 4, 2016

HIP: US Hotel Industry Remains Stagnant

The latest HIP reading will be used to update e-forecasting.com 's total US Monthly Hotel Forecast as well as market level forecasts for the top 25 US markets. ... The firm also covers EMEA markets via a partnership with HotStats with hotel market profitability forecasts.

e-forecasting.com

United States

Report Sales & Marketing

October 4, 2016

Corporate Hotel Rate Negotiations 2017 Forecast – A Change in the Balance of Power from Sellers to Buyers

Following among the largest percent and dollar increases in corporate contract rates in decades of typically between 5.75 to 7 percent for 2016, the forecast for 2017 is for increases on 3.25 to 4.0 percent ... U.S. hotel occupancy in 2015, approximately 65.5 percent, was the highest since 1984 and consensus forecast for 2016 at the time of the negotiations was for occupancy to increase, so the balance of power

By Bjorn Hanson, Ph.D., Clinical Professor, NYU

United States

Report Markets & Performance

October 4, 2016

2016 Manhattan Lodging Overview 2Q

The report also provides the most current information available on today's market, as well as forecasts for supply growth and hotel performance. ... The 2016 HVS Manhattan Lodging Overview examines the effects of past recessions on hotel performance in Manhattan, as well as the dynamics of hotel supply and demand and forecasts for the health of the

By Roland deMilleret and Chris Fernandes

New York, New York, United States

Report Markets & Performance

October 3, 2016

In Focus: Myanmar

Among the top cities by room inventory, Yangon's hotel market is mainly driven by Commercial demand, Mandalay by leisure demand and Nay Pyi Taw solely by government-related demand. ... The beach area has mainly high-end hotels, which do not draw much local demand. International leisure arrivals constitute more than 90% of all hotel demand along Ngapali Beach.

By Ho Leng, Hok CHEE, and Eva Shen

Myanmar

Opinion Article Sales & Marketing

September 30, 2016

Drone Photography For Your Hotel Property

Last year, some 750,000 drones – known to the professional industry as Unmanned Aerial Vehicles and abbreviated as UAVs – were sold through big box retailers, with a forecast of over a million transactions ... And these heavy units demand larger UAVs with gimbal mounts. What restrictions are there to running and operating drones? Any drone over a half-pound is considered by the FAA to be an 'aircraft'.

By Larry Mogelonsky, Partner, Hotel Mogel Consulting Limited

Opinion Article Operations & Strategy

September 30, 2016

Driving Corporate Travel

, international tourist arrivals are forecast to reach 1.8 billion by 2030, from 1.2 billion in 2015. ... Besides, the technological changes taking place in the African corporate travel market will require service providers to adapt swiftly in order to meet the clientèle's demand.

By Josephine Wawira, Consultant, Jumia Travel

Supplier News Sales & Marketing

September 29, 2016

Rainmaker Group Takes Gold in 16th Annual GGB Gaming & Technology Awards

Rainmaker's guestrev platform is the market-leading revenue management and profit optimization solution for forecasting and pricing hotel rooms. ... Backed by the best revenue management science in the industry, guestrev 's forecasting models pinpoint the specific factors that influence demand, so that revenue managers can understand this demand and

Press Release Development

September 29, 2016

AHTIC Will Scrutinise Tourism Investment in Sri Lanka

The World Travel & Tourism Council (WTTC) forecasts Sri Lanka's Travel & Tourism GDP will grow 6.3% /yr over the coming decade and by 2026 the industry will be worth LKR130 bn to the country's economy. ... The fact that Sri Lanka is one of the fastest growing tourist markets in the world makes it an obvious choice for developments which fill a demand for international-standard luxury properties.

The Bench

Colombo, Sri Lanka

Supplier News Sales & Marketing

September 28, 2016

TravelClick’s Demand360® enhances IDeaS advanced revenue management solutions, a first-of-its-kind integrated solution

The research and development project demonstrated that the insertion of demand intelligence data notably improved the demand forecast and uplift for hotels. ... forecast.

IDeaS

Supplier News Sales & Marketing

September 28, 2016

Duetto Introduces ScoreBoard, the Hotel Industry’s First Revenue Intelligence Platform

With ScoreBoard, hoteliers can now analyze and forecast performance and deliver actionable insights to key stakeholders in real time." ... " feature, which takes a revenue manager's updated numbers and intelligently allocates them day by day through the month, reflecting when demand rises and falls.

Duetto