Conference Center Recovery Is Challenged
Resort and college/university centers were the most dependent on transient demand. ... related demand.
By Dave Arnold
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When Deployed Correctly, Courtesy Holds Can Help Upscale Hotels & Resorts Close More Inquiries
Skews results of forecast projections. Creates unnecessary administrative tasks. ... For example, you might allow agents to use courtesy holds for any dates 23 or more days out, and excluding periods of peak demand such as special events and holidays.
By Doug Kennedy, President of the Kennedy Training Network, Kennedy Training Network (KTN)
DiamondRock Hospitality Acquires The Hotel Rex In San Francisco
San Franciscois one of the most desirable hotel markets in the world due to the confluence of corporate, leisure and group demand. ... The Urban Land Institute recently madeSan Franciscoits top-ranked city in its 2013 Real Estate Forecast.
Why today’s revenue management systems just aren’t working anymore | her-consulting.com
Revenue managers are no longer responsible for simply opening and closing rates according to occupancy forecasts, but rather, are expected to take a more holistic and strategic view of pricing and demand
Near-term Economic Uncertainty and Weaker Lodging Performance Result in Lodging Outlook Setback, Says PwC US
Despite these challenges, lodging demand and, more importantly, pricing, are expected to remain on positive trajectories. ... A full copy of PwC's US Lodging Forecast can be accessed by visiting: http://www.pwc.com/us/en/asset-management/hospitality-leisure/publications/index.jhtml
DoubleTree by Hilton Opens Fourth Hotel in Houston, Texas
DoubleTree by Hilton is the fastest growing full service brand at Hilton Worldwide, with 38 hotels opened year-to-date and at least a dozen more forecasted to open by year’s end. ... “Judging by the way visitors to Houston have embraced our three, other DoubleTree by Hilton hotels coupled with the growing leisure and business demand, I am certain that an additional DoubleTree by Hilton
Cornerstone Hospitality, LLC Selects IDeaS Pricing System for the Craddock Terry Hotel
To drive better profitability, Swindell and Christner will use IDeaS Pricing System to forecast demand and make more informed rate decisions for the hotel, which is currently exploring plans to expand. ... The system enables users to more accurately forecast occupancy, quickly set daily room rates, and make more competitive pricing decisions for their hotels.
International tourism strong despite uncertain economy | UNWTO Reports
UNWTO expects growth of 3% to 4% for the year as a whole, while forecasting a slight slowdown in demand for 2013 (+2% to 4%). ... With an expected growth of 3% to 4% in 2012, this figure is forecast to reach one billion for the first time by December 2012.
IDeaS and Guestline Announce Certified Integration
demand and actual performance. ... "By providing more detailed and accurate rate forecasts, this solution will help drive our customers' businesses forward through increased revenue and operational efficiency."
WTTC: Travel & Tourism still robust despite uncertain global economic picture
Its boom coincides with its self- designation of 2010-2012 as the "Visit Korea" years and strong international demand from its main two markets (Japan and China). ... WTTC forecasts further downgrades European Travel & Tourism GDP to -0.6% from -0.2% at the start of the year.
HotStats MENA Chain Hotels Market Review - September 2012
As the leisure segment continues to represent the largest demand in the city, the forecasted influx of leisure travellers over the next few months is likely to boost key performance indicators until the ... Although demand has re-bounded the on-going political troubles in the country could impact future demand as government backed projects remain subdued due to the absence of political stability” said Goddard
Pebblebrook Hotel Trust Acquires the Hotel Palomar San Francisco
In addition to the abundant and diverse collection of demand generators, the city's location on the West Coast makes it a natural gateway to travelers from Asia. ... The strong leisure and business demand in this market, coupled with the extremely high barriers to entry, makes the Hotel Palomar San Francisco a very exciting addition to our portfolio."
IDeaS Selected by Mandarin Oriental Hotel Group as Exclusive Revenue Management Solutions Partner
Cordula Laemmermann, Vice President of Global Revenue and Distribution Management at Mandarin Oriental Hotel Group said, "IDeaS' solutions deliver robust demand forecasts, enabling our revenue directors
HVS Moscow Publishes HVI: Hotels in Russia, the CIS & Georgia Continue to be a Worth-While Investment
Expected compound annual growth rate in 2013-2017 is 5.7% across the region, with four markets out of fourteen forecasted to be higher than 8% within next 5 years. ... In 2012 only the Moscow upscale/luxury segment will exhibit an index higher than 1, though by 2017 five markets are forecasted to surpass the base figure.
American Express Predicts Robust Increases in Business Travel in Select Markets in Latin America, Asia and Eastern Europe in 2013
About the Global Business Travel Forecast 2013 and Methodology The Forecast is a key deliverable of American Express Global Business Travel Advisory Services’ EXPERT INSIGHTS research practice, which also ... All ranges represent forecasted year-over-year changes in negotiated business travel rates.
Why Data and Analytics Should Be Ruling The Travel Roost
Despite this, EyeforTravel research shows that most travel businesses are hungry for better data and analytics in order to better forecast, predict and price. ... It came as no surprise that Google has built BigQuery , which can analyse huge sections of data (in their words, "up to billions of rows,") almost instantly, on-demand.
GBTA Forecasts Continued Growth In Biz Travel Spend In China As Domestic Demand Increases
As China's main export partners recover it is forecast that IOB will resume its fast-paced growth, with GBTA forecasting growth of 17.5%. ... The GBTA BTI™ Outlook uses an econometric model to better inform the forecast process.
Langham Hospitality Group Adopts IDeaS Revenue Management System to Enhance Pricing Performance Across Asia-Pacific
For hotel groups to better forecast demand across multiple properties, in multiple countries and ensure overall revenue is being maximised - it is vital that advanced systems are in place.
Egencia Releases 2013 Global Corporate Travel Forecast
Egencia®, an Expedia, Inc. company, today unveiled its 2013 Global Corporate Travel Forecast for air fares and hotel rates. ... But suppliers have carefully managed capacity this year so we expect, even with moderating demand, some slight pricing increases in most regions," saidRob Greyber, President, Egencia.
Hong Kong reports strong YTD performance | STR Global
Shenzhen's hotel demand declined 3.3 percent YTD, whilst new hotel supply increased by 2.0 percent YTD. New openings in 2011 included the St. ... Guangzhou's demand declined by 1.1 percent, whilst new supply increased by 3.8 percent YTD.