The estimated 2014 nominal asset value of $202,789/key is forecast to increase at a 7.7 percent annual rate through 2018. ... The constant dollar asset value is forecast to grow from $199,007/key in 2014 to $241,352/key by 2018.
As a trend, holidays focused more on individual travel, local destinations and authentic experiences, resulting in high demand for custom travel packages. ... At plus three per cent, the IPK Travel Confidence Index also forecasts slower growth in foreign travel for South America in 2015. This marks a continuation of the current trend.
Considering the average Chinese traveler spends a week in the U.S., huge incremental demand is created. ... As I wrote in my recent forecast, 2015 is poised to be the best year the hotel industry has ever experienced.
Refer to budget/forecast to assess budget/forecast requirements and expectations Consider restrictions over Special Events and periods of high demand Review clients' past behaviour including previous wash
The Rainmaker Group, a world leader in automated forecasting and profit optimization software and services for the Gaming & Hospitality industry, announces that Seminole Gaming Corporation will implement ... The property's demand will far exceed the supply, which will make GuestREV extremely valuable.
New demand drivers, including the shale oil and natural gas boom and strong demand in state capitals and college towns, have spurred expansion into new locations, the speakers said. ... When it comes to supply and demand, panelists agreed that industrywide numbers are positive, but what's really important are local metrics.
The December 2014 Hotel Horizons ® report forecasts ADR to increase by an annual average of 5.4 percent from 2014 through 2017. ... "Half of the 20 Hotel Horizons ® markets forecast to enjoy the greatest increases in employment, also are projected to benefit from the greatest increases in lodging demand," Corgel noted.
As the demand for serviced apartments from both the corporate and leisure sectors continues to grow, as does the need for innovative software solutions. ... For example, customisable cyclical cleaning schedules can be applied to bookings and cleaning reports forecasted; maintenance issues can be raised and reported on.
Cheryl Hawksworth, sales director at IDeaS – UK & Ireland, adds: "With strong demand forecast and predictions for the serviced apartments sector to reach pre-recession peak, it is essential that revenue
One needs to ascertain the lead times associated with a channel vis-a-vis average value per booking, and aptly forecast the demand over a period of time. ... Decoding the message flow gives the supplier a deeper understanding of exactly what is being searched for and how demand is being met.
Statistical analysis of demand patterns will help to ensure that operating hours for ancillary outlets align with guests travel patterns. ... Forecasting and optimization algorithms ensure that call hold times are kept to a minimum.
Matt's presentations highlighted: Limitations in traditional revenue management forecasting approaches - in particular the assumption of independence between demand streams How customer choice model approaches ... Gallego's presentation discussed the origin of upgrading / upselling (mismatching demand and inventory types) and compared several different business strategies to maximize revenue. Dr.
Office loans are an appropriate benchmark to measure the relative health of hotel loans because office building occupancy has a relationship with the economy and with room-night demand. ... We also find three other bellwethers for hotel delinquencies: an increase in the volatility of hotel REIT returns (risk), a negative shock to expected earnings forecasts (which signals lower expected future
and Ukhov found that office loans are an appropriate benchmark to measure the relative health of hotel loans because office building occupancy has a relationship with the economy and with room-night demand ... The researchers also found three other predictors of hotel mortgage market distress: an increase in the volatility of hotel REIT returns (risk), a negative shock to expected earnings forecasts (which signals
This location offers diversity of demand generators and convenient access to tourist attractions, restaurants, nightlife and entertainment industry activity in Hollywood, West Hollywood, Beverly Hills, ... For 2015, the Company currently forecasts that the hotel will generate earnings before interest, taxes, depreciation and amortization ("EBITDA") of $5.2 to $5.7 million and net operating income after capital
The American Express Global Business Travel Forecast 2015 (the "Forecast"), predicts air, hotel and ground transportation prices to be neutral to slightly higher across all regions in 2015. ... The demand is primarily fueled by increased travel from foreign drivers. Hotel rates are predicted to rise slightly in nearly all countries and categories across EMEA, as demand steadies.
The Company forecasts the property will contribute approximately $10.0 million of EBITDA and $8.0 million of NOI in 2015. ... The purchase price, net of the allocated land value, represents a 13.4 times multiple on forecasted 2015 EBITDA and a 6.0 percent capitalization rate on forecasted 2015 NOI.
Cooper also notes that IACC members predicted a 'bumpy ride' for 2014 operating budgets, and they might well prove to be accurate in their predictions given the last few months of mixed economic forecasts ... Dave Arnold, Co-President and Chief Executive Officer-East with PKF Consulting USA, LLC commented. " With the reality of very little supply growth and demand growth in the five to seven percent range,
Every piece of the analytics cycle has been impacted by big data, from reporting, with the need to quickly render reports from billions of rows of data, through advanced analytics like forecasting and ... A major hotel company has deployed a "what if" analysis in their revenue management system which allows users to immediately see the impact of price changes or forecast overrides on their demand, by re-optimizing
The IMF forecasts growth of 1.3% in 2014 and 1.7% in 2015, its highest projections for any advanced European economy. ... The GBTA BTI™ Outlook uses an econometric model to better inform the forecast process.