While transient demand started to grow during the latter part of 2009, it wasn't until 2011 that significant gains were seen in group room nights. ... PKF-HR's December 2013 Hotel Horizons® forecasts call for occupancy levels in excess of 70 percent in the luxury, upper-upscale and upscale lodging categories.
The plans are more measured and there is an increased focus on phasing projects over many years in line with end user demand. ... The current two-tier market is likely to continue, with the best buildings experiencing increased take up and little demand for secondary space.
to a forward 12-month cap rate of 6.8% and forward 12- month EBITDA multiple of 12.7x Minimal CapEx needs after receiving $6 million of capital expenditures over the last few years Chicago market forecasted ... The Chicago lodging market has experienced a substantial recovery in the past three years driven by outsized corporate and leisure demand growth with little corresponding supply growth, and continued gains
"We are pursuing sites that have high barriers to entry with multiple demand generators and long-term growth opportunities," said Jatin Desai, Peachtree CIO. ... "Between operating performance and acquisition opportunities, we forecast another strong year for Peachtree and the hospitality industry overall," said Mitul Patel, Peachtree COO.
Driven by a series of econometric forecasting models, the Hotel Horizons ® reports cover five years of supply, demand, occupancy, ADR, and RevPAR for 50 major U.S. markets, as well as six national chain-scale ... Local Forecast Accuracy Varies While PKF-HR's national forecasts proved to be consistently accurate, the precision of the firm's local level forecasts varies from market to market.
Occupancies seem to be at a peak, with little reason to forecast a rise in 2014. ... Over this time, demand has grown by 50%. Occupancy in 2013 of 72% is the same as in 2012 and is pretty much the peak achievable as a segment.
For 2014, UNWTO forecasts 4% to 4.5% growth - again, above the long term projections. ... UNWTO forecasts international arrivals to increase by 4% to 4.5% in 2014, again above its long-term forecast of +3.8% per year between 2010 and 2020.
Demand growth will exceed projections, probably reaching 2.2% to 2.4%. ... The confluence of strong industry fundamentals and an improving economy signals a forecast of more sunny days ahead for some time to come. 2.
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Chinese and Singaporean investors combined are forecasted to account for over 60 percent of the total capital invested in hospitality outside Asia. ... Development opportunities Among global investment opportunities, development is attracting attention with developers focused on serving current and projected customer demand in areas such as select service
"We live in a mobile world, and have seen incredible customer demand to stay connected to our solutions in and out of the office. ... Enhancements include a concise business summary comparing on-books, occupancy forecast and estimated revenue to budgets and user forecasts.
This strong demand from millennials is forecasted for the next fifteen years. Only 28% of American millennials report taking four or more business trip annually compared to 45% of non-millennials. ... Companies must be able to keep up with millennials' technology demands and lifestyle.
In fact there has been no occupancy (demand) growth at all across all segments this year compared to last. ... "This allows us to forecast going forward further rate compression as supply will increase dramatically in the coming 5 years.
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demand for that period and group rates relative to the forecasted demand of other segments. ... Add to this calculation the proximal factors that increase the accuracy of our interpretation of booking pace - such as forecasted demand, lead time and the pace of booking pace itself - and we likely
In 2010, the economy continued to remain in a recession while demand for lodging began to improve. ... The bottom line, our forecast calls for an overall increase of 2 percent in demand and 4 percent in average rate with a 1 percent increase in supply.
“Our firm’s forecast for nominal ADR growth in 2013 is 3.9 percent. ... Based on Moody’s projections for GDP, income and employment growth in 2014, PKF-HR is forecasting lodging demand to grow by 3.0 percent along with a 1.8 percent rise in supply.
IDeaS Revenue Solutions, the leading provider of pricing and revenue management software, services and consulting, today announced that Danat Hotels & Resorts has implemented IDeaS Forecasting Management ... Choosing to implement IDeaS FMS, Danat Hotels & Resorts now has the right tools in place to more accurately forecast business demands which can lead to increased revenues.
Southeast Asia in particular experienced increased demand and reported 12 per cent growth. Visitor numbers arriving in southern Asia rose by six per cent. ... Round trips were in demand, as were city breaks and beach holidays. At six per cent, the business travel market grew moderately compared to 2012.
Overall, international trips are forecast to increase by around three per cent. ... In addition to beach holidays and city breaks round trips were in great demand.