But even with the abundance of supply, strong demand growth through 2011 meant that the overall drop in occupancy was only slight. ... Demand recovery has been so rapid, in fact, that 2011 marked an all-time high for the number of rooms sold nationwide.
“We continue to be surprised by the consistent growth in demand for hotel rooms,” said Brad Garner, STR’s COO. ... Supply was up 0.5 percent during the summer while demand increased 2.9 percent.
"IDeaS will allow us to maximize incremental revenue for the hotel due to our more accurate demand forecasts." ... "The Hollywood property is well positioned for successful and significant returns through our advanced forecasting and pricing analytics."
Pundit Forecasts An updated lodging forecast released recently by PriceWaterhouseCoopers ( PwC ) anticipates "revenue per available room recovery in 2012 to remain intact, with slightly stronger gains ... in both demand and pricing than previously anticipated."
"Our latest forecast for Rome and Milan predicts declining demand in the two markets for year-end 2012, which will negatively affect occupancy for the rest of the year. ... For 2013, occupancy is forecast to remain weak, with more positive news for average room rates.
Based on current construction trends, these pipeline metrics support LE's initial Forecast for New Hotel Openings in 2014 of 446 projects/ 48,335 rooms. ... That will then spur further lodging demand and propel hotel development forward at a faster pace, well into the middle of the decade.
In the fall of 2010 when U.S. hotel managers were preparing their budgets for 2011, most industry participants were pleasantly surprised at the strong pace of the recovery in lodging demand . ... The net result was a forecast of 8.6 percent growth in rooms revenue.
Supply and demand are expected to end the year with increases of 0.5 percent and 2.6 percent, respectively. "Record levels of demand for hotel rooms persist," said Amanda Hite, president of STR. ... Supply and demand are forecast to end 2013 with increases of 0.9 percent and 1.2 percent, respectively.
Despite concerns over the global economy, international tourism demand continues to show resilience. ... 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.
However, the World Cup in 2014 and Olympics in 2016 will keep supply behind demand for the medium term. ... The GBTA BTI™ Outlook uses an econometric model to better inform the forecast process.
This is 5.6% greater than the levels of lodging demand accommodated in 2007, the year prior to the recession. ... Given the dire predictions of economic dooms by certain political analysts, the reports above forecast an improved future for the U.S. hotel industry.
By 2015, IDC is forecasting that smartphone sales will reach 982 million and all research points to mobile use surpassing traditional desktop use within the next few years. ... "Just think of the vast potential this holds to more accurately predict demand and optimise price levels according to qualitative social data."
multiple hotel functions into a single application, allowing Peabody Hotels to consolidate information on the performance of multiple properties, create customized reports and ultimately make better forecasts ... "Our Infor Hospitality Suite not only provides executives and staff with critical data, but helps our customers quickly adapt to changing consumer expectations and demands in order to improve guest service
Claire Castro, Head of Pricing - Guoman & Thistle Hotels said "Our main challenge was around our manual forecasting processes and how the high level of uncertainty in our manual forecasts meant that we ... However, we are now really looking to begin streamlining our processes in terms of automating our forecasting and yearly budgeting.
Outlook for 2012 and 2013 Based on performance data through June of 2012 (provided by Smith Travel Research - STR), and Moody's Analytics' July 2012 domestic economic forecast, PKF-HR now is forecasting ... Robust demand growth was the primary reason for the superior gain in RevPAR," Woodworth explained.
, with slightly stronger gains in both demand and pricing than previously anticipated. ... 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
A copy of the full report with a detailed forecast for each destination can be downloaded from our website . ... TNQ did manage to achieve RevPAR growth through rate discounting, but only because this is a "discretionary" market that can effectively induce demand through attractive pricing.
Following the dramatic declines in revenues and profits suffered during 2009, it was no surprise that hotels were leery to "staff up" despite the sharp rise in lodging demand. ... Future Staffing Based on the June 2012 edition of PKF-HR's Hotel Horizons® report, PKF-HR forecasts continual growth in occupancy and ADR levels for U.S. hotels through 2015.
Following the record $1.85 billion amount collected in 2011, total fees and surcharges collected by U.S. hotels are increasing again in 2012, forecast to total a new record of $1.95 billion. ... Fees and surcharges have increased every year except for periods following 2001 and 2008 when lodging demand declined.
in domestic demand, where roomnights fell around 9% to June. ... Spanish cities (Urban Spain Division) continued to be affected by weak demand for business travel, seeing a RevPAR fall of - 2,4%.