China is currently ranked second in the business travel market according to the GBTA findings, but is forecast to surpass the US by as early as 2015 Real GDP in China is forecast to increase by 8.2 percent ... The GBTA BTI™ Outlook uses an econometric model to better inform the forecast process.
The measures introduced by the Brazilian government and the central bank, alongside a strengthening in domestic demand, lead us to a forecast of 3.8% growth in real GDP in 2012. ... The GBTA BTI™ Outlook uses an econometric model to better inform the forecast process.
EFT: What is the impact of mobile distribution on traditional demand forecasting and pricing? ... CS: Mobile distribution is going to increase rapidly in the months to come, though I don’t see any significant changes in the traditional demand forecasting and pricing models.
GroupREV™ group forecasting and pricing software at four locations over the next two months. ... "We started developing GroupREV quite a while ago in response to demand for a group forecasting and pricing solution for hotels that caters primarily to groups and conventions and because no existing product
Demand remained strong in both advanced and emerging economy destinations, despite economic constraints in many of the source markets of Europe and North America. ... The Americas also reported significant growth (+6%), driven by the sustained strong demand in South America (+8%) and Central America (+7%).
Another major demand generator will be a sound Polish economy that is forecast to grow by 2.3% in 2012. ... Demand for business travel is therefore expected to remain robust and the market can expect a further expansion of its MICE sector."
The objective is to forecast how customers will respond to price changes, their willingness to pay and accordingly work out optimal prices. ... Today there are price optimisation tools that incorporate real-time competitive rates with a hotel’s demand and booking patterns to recommend the best price.
"Leisure travel this summer will add to the already compelling demand storyline for the hotel industry," said Brad Garner, COO at STR. ... "We expect very little contribution to the overall demand numbers from government transient and group travel," Garner continued.
As for the management, EzRMS™ has helped us gain better understanding of our market demand and customers behaviour with its accurate forecasting and analysis," comments Vivienne Jiang – Assistant to General
Long-term global licensing of MaximRMS patented advanced predictive analytic mathematical forecasting and optimization system. ... Optimize hotel rates based on the market’s dynamic response to competitive demand and rate actions.
Therefore, the outlook for 2012 remains much the same as 2011, with a total hotel transaction volume of around €8 billion forecast." ... Therefore, the outlook for 2012 remains much the same as 2011, with a total hotel transaction volume of around €8 billion forecast."
"They are well positioned to streamline their processes and maximize profitability, and I'm confident that the IDeaS RMS' ability to identify, forecast and optimize market trends will deliver valuable ... Offering an automated approach to revenue management, the IDeaS RMS enables Thompson properties to more accurately and strategically optimize demand and increase revenue.
Using this data, management can set pricing strategies to manage demand at each level. In times when demand is strong, prices could be increased to bring demand more in-line with supply. ... For times when demand is weak, enticing local guests with lower priced treatments may be an effective measure to increase demand and boost profitability.
development of market leading revenue management capabilities, the deployment of MaximRMS hospitality business intelligence capabilities and long-term global licensing of MaximRMS patented mathematical forecasting ... "Using MaximRMS advanced predictive and analytic capabilities we are endeavoring to improve revenue realization, speed response to competitive actions and changes in demand, increase our decision making
This growth and major planned projects continue to pump hotel demand into the city. ... Hotel Supply and Demand Houston"s citywide hotel occupancy remained near or above 65% from 2005 through 2008 4 , driven by hurricane-related demand, as well as several years of a booming economy.
Hospitality industry experts across the nation are forecasting that 2012 will continue the growth and recovery of room demands that started in 2011. 1 With that in mind, it is a good idea to revisit a ... Because our RevPAR will recover a lot better if these additional demands are converting on our own website rather than OTAs!
“As demand and occupancy comparisons become more difficult throughout the year, room rates become increasingly important in maintaining our current levels of RevPAR growth.” ... STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information.
It is not surprising that controllers and CFOs demand accountability for laundry activity. Hotels have tried various methods over the years to gain some semblance of control. ... For example, Hotel A would have the ability to forecast on-going linen and uniform purchases and track each article’s aging to assure the hotel’s quality standards are maintained.
Rainmaker’s revolution profit optimization system will interface with Dover Downs Hotel & Casino’s property management system to automatically receive data on hotel demand which, in combination with customer ... value information, will be used to generate accurate demand forecasts and rate recommendations.
On a local level, PKF-HR observed new records in metro-level lodging demand in 30 of the 50 markets covered by its Hotel Horizons® forecast reports. ... With supply suppressed, PKF-HR forecasts annual occupancy gains through 2015.