Office construction is also abundant; however, demand for new office space is lagging behind, leading to falls in rents. ... Prime rents are starting to come down, most likely a result of the supply and demand equilibrium.
Forecast for 2017 Uncertainty following the EU referendum, security concerns and 7,000 new rooms in the pipeline, will act as a drag on performance. ... For 2017, despite the forecast economic slowdown we expect 2.3% RevPAR.
Naturally, the caveat is that unexpected "event" that could stimulate a precipitous decline in demand. ... While many operators merely look at last year's numbers to budget and forecast, the only meaningful way to budget is to analyze the market thoroughly.
Forecast of record-breaking occupancy rates in the UK provinces in PwC's hotel forecast for 2017 are tempered by a warning that economic uncertainty following the referendum vote to leave the EU is "dangerous ... Key highlights from PwC's 2017 forecast include: A forecast for 77% occupancy rates this year and in 2017 (up 1% and 0.5% respectively) in the provinces would be the highest on record.
The forecast for the Amsterdam & Schiphol area is also cautious. The occupancy is expected to increase to 82.6% in 2016, but may then drop to 80.9% in 2017. ... After the terrorist attacks on March 22 however, the demand for hotel rooms in Belgium decreased significantly.
In Table 1, we show national Airbnb demand as a percent of traditional demand surpassed 2.5 percent in 2016. ... In Table 2, we show how average daily demand is broken down by each of the 60 markets that CBRE Hotels' Americas Research forecasts each quarter.
for some key destinations during the forecast horizon according to the latest quarterly forecast data released by e-forecasting and HotStats. ... The Hotel Market Profitability Forecasts are real-time quarterly profitability forecasts covering major markets across the UK, Europe, Middle East and North Africa.
Based on daily data from August, London reported the following in year-over-year comparisons: increases in supply (+2.6%) and demand (+1.8%); a 0.8% decrease in occupancy to 84.7%; a 1.1% decrease in average ... The August edition of STR's Market Forecast is now available.
Based on daily data from August, Munich reported the following in year-over-year comparisons: an increase in supply (+2.2%) and a decrease in demand (-10.4%); a 12.4% decrease in occupancy to 73.7%; a ... The August edition of STR's Market Forecast is now available.
Based on daily data from August, Dubai reported the following in year-over-year comparisons: increases in supply (+5.5%) and demand (+9.2%); a 3.4% increase in occupancy to 76.1%; a 10.2% decrease in average ... The August edition of STR's Market Forecast is now available.
Based on daily data from August, Singapore reported the following in year-over-year comparisons: increases in supply (+5.2%) and demand (+0.9%); a 4.1% decrease in occupancy to 85.3%; a 2.6% decrease in ... The August edition of STR's Market Forecast is now available.
Based on daily data from August, Melbourne reported the following in year-over-year comparisons: increases in supply (+2.7%) and demand (+2.7%); flat occupancy at 82.9%; a 0.1% decrease in average daily ... The August edition of STR's Market Forecast is now available.
The latest HIL reading is 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.
NASHVILLE, Tennessee -- The U.S. hotel industry is projected to experience continued performance growth through 2017, albeit at a slower rate, according to STR and Tourism Economics' most recent forecast ... "We're selling more rooms than ever before, we're setting records, we're not forecasting a recession," Hite said.
Based on the first half performance data, CBRE Hotels' Americas Research adjusted its forecast for the year 2016. ... The occupancy forecast represents an improvement over the 0.1 percent decline presented in June 2016 edition of Hotel Horizons ® , but the ADR and RevPAR forecast rates are 0.8 and 0.6 percentage points
Demand for Portland's hotels has reached new heights in recent years, spurring an influx of proposed supply. ... Given high demand levels and the limited amount of new supply this year, occupancy is forecast to increase in 2016, followed by a modest decline over the next three years as new supply outpaces demand
The value of forecasting is in more than accuracy. ... The operational value of automated forecasting is equally clear. Pate at Highpointe said, "Our team was not able to efficiently create solid forecasts for all its properties.
The city of San Francisco offers a clear example where rampant Airbnb hosting combined with a huge demand for short-term leases in and around Silicon Valley has caused rapid inflation of both average monthly ... Build a case founded on these two elements with sound forecasting models and you might generate a responsive audience. Airbnb has announced that they too are lobbying for support.
For example, their guestrev tool uses data to forecast demand and set room rates and their revcaster provides revenue managers with data on comp-set hotel pricing Hotel Technology Stack: Hotel Operations ... As more and more technology tools enter the market (with many vendors focused exclusively on the hospitality industry) and as more travelers demand the latest, most innovative technology to book hotels
Following the 2015 record of $2.45 billion, total fees and surcharges collected by U.S. hotels are forecast to increase to another record level of $2.55 billion in 2016. ... U.S. lodging industry fees and surcharges have increased every year except for brief periods following 2001 and 2008 when lodging demand declined.