As online content becomes more and more mobile, guests demand more robust Wi-Fi connectivity wherever they go and stay. ... features known from conventional – more cost-intensive – IPTV systems, such as a fully interactive program guide; RSS feeds and other real-time information services like flight information and weather forecasts
This will most likely cause us to lower our lodging demand forecast for Houston when our next forecasts are released in March 2015. ... Therefore, understanding what inflation is likely to be is paramount to the development of accurate ADR forecasts.
At this stage it simply can't take any more visitors due to the redevelopment and pending infrastructure changes, so it is currently a 'controlled demand' environment. ... The report also showed that Jeddah is currently witnessing a consistent demand and delays in new supply to stabilize the market.
If you don't have the right forecasting and optimization to understand demand patterns and match that to needed labor, you'll throw your organization out of balance.
"We exceeded our most optimistic forecasts during 2014, our first full year since inception, and set the stage for a very fruitful second year and beyond," said Mat Crosswy, president of SSC. ... ), and transaction activity shifting to secondary and tertiary markets, the demand for hotel financing will remain healthy for the coming year.
With the expansion of major national airports and airport passenger volume expected to increase over the next 10 years, examining the link to forecasting lodging demand is critical to understanding the ... With many of the nation's airports expanding and passenger volume forecast to register robust growth, it is important to understand how passenger volume can aid lodging demand forecasting.
market generally, and the coastal Orange County market specifically, have been among the highest rated markets in the country and are poised to continue their strong growth given the diverse set of demand ... The purchase price represents a 16.5 times multiple on forecasted 2015 EBITDA of $21.8 million and a 5.0 percent capitalization rate on forecasted 2015 NOI of $18.1 million.
For 2015, UNWTO forecasts international tourism to grow by 3% to 4%, further contributing to the global economic recovery. ... Positive outlook for 2015 For 2015, UNWTO forecasts international tourist arrivals to grow between 3% and 4%.
"The year's performance broke several records thanks to continued strong demand growth. ... "ADR and RevPAR for the year were the highest ever recorded by STR, and we expect more growth in 2015," she added, noting that the company is forecasting a 5.2-percent increase in ADR and a 6.4-percent
advisory, today launched the inaugural MENA Hotel Market Forecast which points to the significant opportunities for the hospitality market in Cairo and Sharm Al Sheikh. ... The forecast, which is the first of its kind for the industry in the region, provides 3 month rolling and year-end hotel performance forecasts for key performance indicators including: hotel occupancy,
Based on this analysis and recent demand trends, PwC expects lodging demand in 2015 to increase 2.6 percent, which combined with below long-term average supply growth of 1.5 percent, is anticipated to ... to lower-priced hotels. "2014 was a year of pleasant surprises for U.S. hotels on many fronts, including a meaningful recovery in group demand not seen since 2010," said Scott D.
announced a new partnership with New Zealand's Auckland Airport to manage the revenue for more than 7,500 short and long-term car park spaces, empowering the organization to more powerfully price and forecast ... The system leverages revenue management principles to balance demand uncertainties with demand-based price optimization and length-of-stay controls, and fully integrates with existing reservation systems
If you review your hotel's forecast for the year and identify times that occupancy is consistently low, you can carve out strategies to boost revenue and increase occupancy throughout that time of the ... year, with all efforts from sales team to generate demand by trying to close and materialized any business with any deal or rates.
The city has a shortage of internationally-branded hotel rooms (fewer than 1,000 according to W Hospitality) and increasing demand. ... Ethiopia's economy is growing at more than 7% per year and is forecast to be the third largest economy in Africa by 2015.
In her new position, Paula will be responsible for revenue management strategies, forecasting and creating bespoke pricing models based upon future demand forecasts for the groups 3 operational and 6 pipeline
Strong demand and growthLeading hospitality job board Hcareers released its 2015 hotel growth forecast via article, Bright Outlook for U.S. Hotel Growth . ... Driving factors of the strong demand growth include, "Leisure travelers, a healthy demand from business travelers, and a continuing rebound of the group traveler, which was hit hard during the recent recession
Temporary excessive capacity of the hotel cannot be forwarded to periods with high demand. ... Because demand patterns for each of these categories may vary significantly, hotels find it difficult to satisfy all of the demand simultaneously.
Innovations in revenue management systems generally come from applying new techniques to or accessing new levels of detail in traditional demand data, as opposed to forcing new data into existing forecasting ... Because of the complex and interrelated math involved, more is not necessarily better, for forecasts in particular.
In your case, the peak of demand may fall on 7 or 5 days out for the majority of high demand events, or maybe always on the last day. ... Each hotel has its own unique demand structure and you would need to analyze it. In any case, the general rule is to oversell at the peak of demand in order to maximize your profit.
The hotel is ideally located near high-quality demand generators including Class A office space, some of Boston's finest dining, upscale destination retail, theatre venues, and medical and educational ... In 2015, the Company currently forecasts that the hotel will generate earnings before interest, taxes, depreciation and amortization ("EBITDA") of $18.0 to $18.5 million and net operating income after