In a recently published research paper the pair note that although there is consistently high demand for hotels in the city, demand forecasts indicate a significant shortfall in likely booking when compared ... As future hotel developments and marketing strategies should be based on accurate information about potential demand, the researchers "examine hotel guestroom supply and demand and project optimal capacity
Also forecast to enjoy greater than average gains in demand are Tucson, Ariz., and Charlotte, N.C. ... While lodging demand is forecast to decline by 1.7 percent in Oahu during 2014, the occupancy level for the market is projected to remain above 80 percent.
Coinciding with the property's new management under Langham Hospitality Group, the IDeaS RMS will serve as the hotel's premier analytical tool for driving more accurate demand forecasting and revenue. ... Coinciding with the property's new management under Langham Hospitality Group, the IDeaS RMS will serve as the hotel's premier analytical tool for driving more accurate demand forecasting and revenue.
We are happy to have them as a valued partner in our Channel Ecosystem which is a select collection of influential demand partners. ... This integration has already shown positive results and we aim to continue building our advanced channel connections to help the industry match supply with relevant demand in a timely manner," commented
The intense competition in the Chinese hospitality sector has made it important for accommodation providers to optimize all demand sources. ... In order to optimize its room rates and improve price forecasting, the team will monitor competitive rates and sales position through the rate reports and live alerts that Shopper provides.
according to the e-forecasting.com baseline forecast released in their May Berlin, Frankfurt and Munich Monthly Hotel Forecast reports using historical data from HotStats, the hospitality intelligence ... forecast for each hotel market.
"Migrating to an all-in-one solution is the only way to operate in today's competitive and demanding environment," said Adolfo Sánchez Olmos, Hoteles Catalonia CIO. ... comprehensive package of modules in use by Hoteles Catalonia includes: TMS for Hotels: PMS, POS, CRS, CRO, Spa and Loyalty TMS for Web: Website, booking engine and mobile solution TMS for Analytics : Forecasting
Occupancy Outlook For 2014, PKF-HR is forecasting a very strong 3.3 percent growth in lodging demand, along with a projected increase in supply of just 1.0 percent. ... Two markets are projected to suffer a decline in demand, but five markets are forecast to experience a decline in occupancy. 39 markets are forecast to achieve ADR levels at or above their nominal pre-recession
Reflecting strong performance during the first quarter and positive momentum in travel activity, offset by impacts from near-term fiscal challenges, an updated lodging forecast released today by PwC US ... The strongest performance gains are expected in urban markets, as additional demand allows hotels to be more selective and yield the highest rates on available rooms.
Forecast trends for 2013 indicate planned increases in spending for both categories. ... It is through these events that sports group demand is generated for the local lodging accommodations.
According to the forecasts by the World Tourism Organization, the Chinese hotel room market will overtake that of the US, which is currently the largest in the world, by 2025. ... IHG is a pioneer in the hospitality industry in China and around the world, known for taking the lead in addressing new customer demands.
The intelligent room rate business data also allows hotels to access past and current pricing data for accurate forecasting. ... We can now monitor our position and manage rates depending on demand" said Simon Stringer, Marketing Manager, Innkeeper's Lodge.
This analysis must be supported by economically and statistically valid forecasting tools. ... Hotel developers and investors have driven the strong demand for EB-5 financing.
IDeaS Pricing System provides the group with automated intelligence and a forecast accuracy that further increases its organizational focus on revenue management and dynamic pricing. ... IDeaS Pricing System provides a demand forecast so that users can better understand the peaks and troughs of the business in order to manage them proactively.
The hotel group has also connected its MICROS Opera system with RateTiger to have guest-reservation data delivered directly to their property management system from OTAs and other demand channels. ... The group will also be utilizing 90 days daily scheduled report for their properties to feed into the preferred Revenue Management System for a more accurate forecast.
Unfortunately employment recovery is forecast to lag until 2015. ... Market Forecast Moody's Analytics, the source of economic data for PKF-HR, forecasts persistent growth in personal income over the next five years.
HENDERSONVILLE, Tennessee -- The U.S. hotel industry is expected to report increases in performance results in summer 2013, according to STR’s summer forecast. ... Supply this summer is expected to increase 1.0 percent and demand is projected to rise 2.0 percent. Total room revenue is forecasted to grow by 6.4 percent.
Issues included: trends in hotel lending and valuation; up-to-the-moment snapshots of hotel values, transactions, cap rates, and operating trends in each location; and a forecast of nationwide hotel values ... 2012 HVS-STR Hotel Valuation Index forecasting “a boost in hotel values nationally in all 65 markets that we track, over the next four years.”
The new forecasts on the complete visitor economy will make it easier for tourism organisations to anticipate demand trends and manage supply. ... Though it is clear that demand for inbound and outbound travel in Asia Pacific is growing, it is the details shown by forecasts of travel demand that will guide the visitor economy in the measurement of
According to Gabriel Matar, Head of hotels and hospitality Middle East and Africa at Jones Lang Lasalle, "hotel demand has recovered impressively in the Middle East since the Arab Spring, led by hotels ... Despite the economic challenges in Europe, hotel investment volumes in EMEA in 2013 are anticipated to hold up and are forecasted at roughly $11 billion.