Typical of historical recovery sequences, lodging demand and occupancy levels bounced back strongly in 2010, followed by real increases in average daily room rates (ADR) in 2011. ... According to the December 2011 edition of Hotel Horizons® , PKF-HR is forecasting annual RevPAR levels for U.S. hotels to increase between 4.7 and 5.3 percent from 2012 through 2015.
Tom Duke , Chief Technology Officer of iBAHN, will share the latest research into guest behavior as well as expert forecasts of the future, and learn what hotel systems can do to prepare to meet future ... Meeting Guests' Voice & Data Expectations: Wired, Wireless, Cellular, and Beyond: Hoteliers are already reeling trying to meet the traffic demands that today's guests are placing on their data networks
The imbalance is forecasted to lead to an occupancy decrease of 0.6 percent for the year. ... "Our forecast indicates that 2012 will be another positive year with demand growing in Beijing (+3.8 percent), Hong Kong (+3.0 percent), Singapore (+1.7 percent) and Sydney (+2.3 percent).
But these numbers are dwarfed by the total forecast contribution of our industry – $6.5 trillion to the global economy and 260 million jobs." ... for Egypt, Tunisia and Libya, North Africa is showing signs of recovery in 2012 with Travel & Tourism direct GDP growth forecast at 3.6%.
The major brands have seen strong demand for their Smart TVs in the consumer market and this is expected to continue, with 82m connected TV's in homes worldwide, forecast to grow to 892m by 2016 .
The major brands have seen strong demand for their Smart TVs in the consumer market and this is expected to continue, with 82m connected TV's in homes worldwide, forecast to grow to 892m by 2016 .
Despite the economic conditions a majority of the 157 cities and destinations tracked in Europe, only 15 saw declining demand. ... “Based on the current market conditions, our latest forecast in 2012 has been revised downward across 39 markets in Europe”, Randall said.
In Spain, the strength of holiday destinations dependent on external demand contrasts with the weakness in city hotels and segments which are more dependent on Spanish domestic travellers, which continue ... OUTLOOK FOR 2012 The duality of the economic situation in Spain and outside of Spain influences the company forecast of a two-speed development in the business (with strong growth and profit maximization
Zurich saw declining demand from corporate clients as well as meetings and events, which resulted in occupancy decreasing by 3.1 percent to 70.6 percent 12-months to January. ... The latest forecast released in November for the Zurich hotel market reflects the challenging times ahead with RevPAR expected to decline by 3.7 percent in 2012.
For the Regions, PwC expects only a small demand boost from the Games. ... We anticipate ADR could fall by -2.1% during 2012 as a whole and RevPAR to fall by -1.2%. 2013 forecast Looking ahead to 2013, lower demand and the east London supply spike look likely to depress trading
webinar will highlight fourth quarter hotel performance results and future industry trends based on TravelClick's proprietary eMonitor and eTRAK market performance reports, as well as MarketVision Demand ... , Vice President, Demand and Distribution.
The School of Business recognizes the significant opportunity to meet the demand by offering a new MBA with a focus in hospitality revenue management . ... and understanding booking windows, pace, demand, market share and channel predictions across market segments. 3.Formulate and monitor a revenue strategy for an organization.
I was recently interviewed by Eric, along with other hospitality practitioners, for one of his articles that forecast the year ahead (see Capital Markets Key to Hotel Real Estate Rebound ). ... Franchisors are demanding that long-delayed PIP (Property Improvement Plan) requirements are implemented, but financing for these improvements is difficult to obtain.
Despite its challenges throughout the year, demand grew in the majority of U.K. destinations. For 2012, STR Global forecasts a slight RevPAR increase for London and Regional U.K. ... Harrogate, with new supply growth in 2011 (+3.5 percent), gained from increased demand (+9.7 percent) supporting its RevPAR growth.
The hospitality sector is enjoying a faster recovery than many other industries and, according to the data presented at the Americas Lodging Investment Summit in Los Angeles, forecasts project continued ... The hospitality industry can be brutal – long hours, dealing with guests' demands, event preparation… Job descriptions can change overnight and hospitality executives must be flexible.
The demand exists – the booming economy in China has enabled more and more people to travel farther and for longer. ... What is lacking that is the most fundamental piece in bringing the demand to meet the supply for tourism?
Given the strong room demand experienced in the past two years, we expect modest demand growth of 1.3 percent, while rates continue their long climb back to prior peaks with growth of 3.8 percent." ... and demand (+2.0 percent) are both expected to report growth.
A dynamic economy, as well as attracting most spill-over demand from unstable countries in the region; are the driving factors. ... "These better results in demand are a good sign that the hotel cycle is turning for the better.
Features of the new portal include news and informations feeds, customised language interfaces and messaging, a wide range of TV and radio channels and on demand blockbuster films. ... Expanded infotainment offering with enriched electronic program guide, information, weather forecasts, live newsfeeds, pre-DVD on demand movies and city guides with extensive information and location maps
PwC's updated quarterly lodging forecast reflects an updated macroeconomic forecast released earlier this month from Macroeconomic Advisers, LLC, which expects economic growth in the US to continue to ... PwC's updated quarterly lodging forecast reflects an updated macroeconomic forecast released earlier this month from Macroeconomic Advisers, LLC, which expects economic growth in the US to continue to