STR provides hotel operators, developers, financiers and other clients hotel data, including forecasts. His first post ran on June 5. ... Demand for rooms is stronger than ever, and through June, hotels sold more than 500 million room nights this year - a record.
As we become more focused and structured in our revenue management decision-making, by deploying EzRMS™, it allows us to understand the market demand and customers behavior so that we can react quickly ... Far East Hospitality chose EzRMS™ as a Revenue Management Solution to better streamline the deployment of their Revenue Management strategy and improve business intelligence through greater forecasting
Mr Wildemann and his team are now drawing upon IDeaS' Forecasting Management System to provide a clear vision of its data, bringing accuracy and consistency to forecasting demand and occupancy that, in ... "Our goal in working with The Okura Prestige is to provide the very best revenue management and pricing solutions to the hotel, sensitive to the stage of development and demand the hotel is facing.
“June included two extra weekend days compared to June 2011, which helped with leisure demand during this busy travel season and boosted the month’s performance,” said Brad Garner, COO at STR. ... STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information.
"While slightly higher prices will be the reality again next year as demand for travel outpaces supply in most places, our forecast demonstrates there is still plenty travel buyers can do to watch costs ... CWT forecasts a 5.9 percent increase in 2013. Rates in Australia and New Zealand will perform quite strongly due to increased demand and more tightly managed fleets.
"It is very encouraging to see demand returning to countries such as Japan, Egypt and Tunisia. ... UNWTO forecasts international tourism to increase by 3% to 4% for the full year 2012.
On the other hand, business travel spend for 2013 is forecast to grow 4.7% to $268.5 billion. ... The revision to the forecast points to slow growth in business travel through 2013, with the GBTA BTI™ gaining one point per quarter over the forecast horizon.
Overall strong travel demand to the sub-region contributed to healthy growth for all reporting destinations. ... The continued growth puts the region firmly on track to reach PATA's forecast of 450 million arrivals for calendar year 2012."
Using the HVS world-wide database of thousands of hotel financial statements, Stephen updated the fixed and variable components in the software's forecasting model which represents a significant enhancement ... edition of Steve Rushmore's textbook with software provides an historic overview of the world-wide hotel industry with discussion of the various economic cycles and trends impacting hotel supply and demand
ground-breaking endeavor from a revenue management perspective as no other product of this nature is capable of meeting the needs of this market for a number of reasons but particularly the ability to forecast ... demand and optimise price on a per person basis as well as per room.
These forecasts are identical to the RevPAR forecasts presented in the March 2012 edition of Hotel Horizons®. ... “The cities of Nashville, Houston, New Orleans and Salt Lake City are forecast to experience the greatest gains in demand in 2012.
Profitable operation in today's economy demands owners and operators efficiently use all the data at their disposal to create accurate demand forecasts that are the basis of price optimization . ... Next Generation Solution Advantages Competitive rate and marketing information is essential to forecast demand changes.
Now, with ever-increasing demands for operational efficiencies, is it time to review the basics of our management methodology? ... By including the guest factor, a hotel is able to accurately forecast individual cleaning times and consequently produce very accurate, individual work plans that can be optimised for efficiency and guest
Australia saw an increase of 2% while New Zealand saw a decline (-2%), while travel demand to most reporting Pacific Islands has held up well. ... This result, after just two months, has generated more than three million additional foreign arrivals into Asia Pacific destinations and puts the region on track to reach our forecast of 450 million arrivals
data in real time and responding to demand changes proactively." ... Operators can adapt food purchases to eliminate F&B under-supply or waste and align labor schedules with continuous shifts in demand.
Such optimism stems from expectations that demand will hold up through the corporate rate negotiating period, said Hyatt Hotels Corp. president and CEO Mark Hoplamazian. ... "For the remainder of this year, we're seeing demand as quite positive."
As a result of continued recovery in demand, US RevPAR is expected to increase by 6.5 percent in 2012 and 5.6 percent in 2013, building on the strong 8.2 percent increase in 2011. ... 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
Demand fundamentals continue to be extremely strong in Manhattan. The significant supply influx over the last three years has been well absorbed. ... Overall, we forecast the market to return to its pre-recession peak RevPAR level by 2013. A total of 73 hotels opened from March 2008 through March 2012, representing 13,093 new rooms.
"According to CSO Insights, 76 percent of reps who excel at strategic account planning routinely hit quota and win 53 percent of their forecasted deals." ... In the first instance, it can be a daunting task for a single person that requires prioritizing the demand generator strategy based on those areas/divisions/departments most likely to have the most demand
Even with the specter of rising gas prices on the horizon, demand for leisure travel services this summer is looking up. QG1. ... Base: Renting a Car/ Traveling in a Personal Vehicle/Your own or rented RV Fortunately, as was also in the case in the spring of 2011, the record-breaking gas prices forecast this spring failed to materialize