Infor EzRMS helps hoteliers better optimize revenue management by automatically calculating demand forecasts and recommending appropriate selling strategies based on data such as day-of-week patterns, ... "Infor continues to experience momentum with Infor EzRMS because the solution is specifically designed for the hospitality industry and provides an in-depth view of historical and current demands across
For all three hotel groups, the capability to forecast both transient and group demand accurately were also key factors in their strategic move to IDeaS RMS. ... "IDeaS RMS reacts to demand and analyses data to provide optimal rate decisions multiple times each day, leading to revenue growth opportunities almost immediately.
"Our forecasts for 2014 show continued steady incline in all the key growth indices in our business," Ranson commented. ... Ranson is optimistic: "We see limited to no new inventory in our current markets to impact existing demand levels," he explained.
, the leading provider of pricing and revenue management software, services and consulting, today announced the MELIÃ Bali has adopted IDeaS Revenue Management System (RMS) to enhance the hotel's forecasting ... IDeaS RMS will support our hotel's ability to grow revenues in a competitive market by offering greater forecasting insights and assisting with critical revenue generating decisions."
Salzburg, June 2014: Austria-based Hotel Demand Management startup SnapShot GmbH, has successfully closed its seed financing round in May. ... SnapShot fundamentally saves time for hotels and encourages higher collaboration and visibility of demand management data throughout the organisation.'
Given this favorable balance between supply and demand , R. ... "The one detrimental factor we cannot anticipate is an unpredictable demand shock," Woodworth said.
it to adapt to changing demand. ... Instead, hoteliers need to concentrate on revenue potential based on forecasted level of demand, and select the most optimal strategy to maximize the bottom line.
Without this information, seasonal demand and mix patterns can be affected – causing systems to over- or under-estimate demand or inappropriately predict the mix of guests. ... of demand (both LOS and segment mix), expected cancellations and group wash, and variability of demand.
The strong demand for international standard accommodation, which is predominantly driven by visitors from Thailand, Japan, China and Korea, is currently outpacing supply with less than a third of Yangon ... Due to the increase of supply planned for 2014, occupancy is set to remain stable at 80 percent throughout the year, while ADR is forecast to be USD 173, up 10 percent from 2013.
Total RM Deep Dive -- Achieving Total Hotel Profit Optimization Leading Pricing Practices Directors of Revenue Optimization: When the Market Demands a Role Change Total RM Deep Dive -- Optimizing Your ... Function Space Your Group Sales & Forecasting Methodologies are Broken HSMAI is also offering a special hands-on workshop, Translating Analysis into Action from 9 a.m. to noon June 24.
An updated lodging forecast released today by PwC US anticipates lodging recovery will enter a new phase, with continued strengthening in group demand and rebounding economic momentum supporting a solid ... "With the recovery in group demand accelerating, hotel operators at the higher price points are poised to benefit."
Future Inventory and Inventory History Revenue management is, at its heart, the act of balancing demand and capacity through management of pricing. ... They do this by simply capturing historical average rate information and forecasting the rate value patterns forward. In most cases, and done properly, this compromise works fine.
Room night demand is expected to maintain similar levels as in 2013. ... Salvador (Occupancy: 55%, Average Room Rate: BRL 210, RevPAR: BRL 116) : This city registered the highest increase in room night demand (6.5%) amongst the markets covered in this report.
Volume of Transactions Nationwide Forecasted to Continue Increasing Through 2015: In the survey, 83% believe that calendar 2015 overall hotel asset sales volume will be greater than actual/forecasted year ... Future of "True Group" Demand is Positive: If one defines "True Group" Demand as both blocks of 10 rooms or greater and using meeting/function space either at the property or nearby convention center,
For Canada, RBC is forecasting GDP growth of 2.5% and 2.7% in 2014 and 2015, respectively (up from 2.0% in 2013). ... Demand growth is nevertheless expected to continue to outpace supply growth. The national occupancy is forecast at 64.6% in 2014, up from 63.3% in 2013, and it is projected to reach 65.1% in 2015.
We foresee a long-term benefit for both parties as the demand for quality accommodations goes up in the Kingdom, and believe continued economic growth will maintain high demand and profitability for any ... The Saudi Commission for Tourism and Antiquities (SCTA) forecasts that domestic tourism will grow to a staggering 128 million trips and 640 million nights by 2019 growing from 32 million domestic tourism
Infor EzRMS revenue management treats bookable hotel nights as a perishable commodity and helps optimize revenue by forecasting and modeling demand and delivering recommendations for optimal room pricing
PKF-HR is forecasting unit-level NOI increases of 12.4 percent in 2014, and another 14.2 percent in 2015. ... The increased profitability of convention hotels is consistent with the initial stages of the recovery of the group demand segment that we have observed," Woodworth said.
I thought I would share this forecast with the readers of the TravelClick Perspective as well. Let's first look at year-to-date performance. ... This demand pace is even with or ahead of both year-to-date and 2013 performance in each of these segments.
Because demand patterns for each of these categories may vary significantly, hotels find it difficult to satisfy all of the demand simultaneously. ... Market Segmentation and forecast A market segment forecast is a core component of a market / customer analysis.