% for the year, due both to improved demand from its main markets and the impact of instability in North Africa. ... With regard to results, both the reporting period and the forecast have seen improvements compared to the final quarter of 2010.
This should translate into competitive fares and act as a driver to travel demand over the next 6-8 months. ... Tourism Economics’ baseline forecast scenario anticipates overnight visitor growth to Europe of 2.6% 2011 and 4% in 2012.
Jan Freitag, Smith Travel Research (STR) Transient room demand is back. But at what cost? It will take at least a year for group demand and ADR to come back. ... Mark Woodworth Our forecast is for improvement as far as we can see -- almost 4 years. David Loeb, Robert W. Baird & Co., Inc.
The group has a price optimisation module that integrates local market demand forecasting, publicly available competitive data analysis and price sensitivity modeling to drive optimal revenue decisions ... This approach works very well for hotels or flights that run consistently full, as a means of “yielding out” the low value demand, Kotrba said.
The hotel is an iconic destination within West Hollywood and benefits from a strong mix of leisure and corporate transient demand, with further upside expected from the extensive renovation that was completed ... Mondrian Los Angeles is an excellent addition to our growing portfolio and it's forecasted to provide attractive risk-adjusted returns going forward."
When the overall economy gains greater momentum and consumer spending bounces back more fully, demand will recover at a faster pace. ... Demand growth is the key to industry-wide improvement.
to manage these channels through effective revenue management software; but regardless of your choice of management, it’s essential to provide rate parity and dynamic pricing based on a variety of forecasting ... As REVPAR GURU's custom-designed Yield Dynamic Price Engine is the only real-time revenue management software available on the market, it meets the rapidly changing needs of hotels in a very demanding
The U.S. hotel industry should expect to see a modest increase in demand for hotel rooms combined with meaningful rate gains this summer, according to STR's 2011 summer forecast. ... "Demand recovery began in earnest last summer and while the comparables are tough the 2011 summer season will be well attended," said Brad Garner, COO at STR.
The School of Hotel and Tourism Management (SHTM) at The Hong Kong Polytechnic University (PolyU) has strengthened its efforts in nurturing hospitality graduates to address the growing demands of the hospitality ... Citing recent statistics from the UNWTO forecast report, he estimated China to attract 130 million inbound tourists in 2020 and with an average growth rate of 7.8 per cent from now until 2020.
Based on our firm's December 2010 Hotel Horizons ® forecast, an estimated 30 percent of all hotel rooms occupied in the U.S. in 2010 were accommodated in the Midscale without F&B and Upscale chain-scale ... In addition, these segments have historically demonstrated strong growth in demand.
Traditionally, hotels have made pricing decisions based on a combination of demand forecasts, supply, operating costs, competitor activity, and gut feel. ... "Online reputation management is becoming hugely important to hotels because reviews have a direct correlation with demand, the holy grail of revenue management," Corin Burr, Director of Bamboo Revenue
For the year, total U.S. spending on business travel grew by 3.2% -- up substantially from the 2.3% for the year forecast previously. ... This revision is equal to $1.9 Billion more business travel spend than previously forecast.
Hotel Demand Demand has grown significantly in the Atlanta market over the past twelve months. ... Some forecasts had envisioned a slowdown in demand in the latter half of 2010 as the strong downtown convention season was expected to trail off.
With strong economic growth and an expanding middle class in India, we forecast strong future demand for mid-market and select service hotels, cementing Holiday Inn Express' position as one of the fastest ... "The mid-market hotel space in India offers a compelling investment proposition given favourable demand-supply dynamics and an attractive build cost to operating returns equation.
The Manhattan submarkets benefit from consistently strong demand generators and have extremely high barriers to entry, which limit supply growth. ... " "believe," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "should," "will," "continue" and other similar terms and phrases, including references to assumptions and forecasts
The previous two years have demonstrated how revenue management can influence demand. ... How do you think this all is reflecting the approach of RM professionals today as far as forecasting is concerned?
We were the pilot for Delphi in the mid-1980's, and in the 2000's, for P.M.I., a joint venture with d2o on a business intelligence platform for forecasting and staffing. ... Increased demand in a recovering economy will change this and it bodes well for I.A.C.C.
Given that today's revenue strategies and systems are more advanced than ever before, hotel revenue management and marketing executives are not only better able to forecast demand in advance, but also ... Train them to also offer to check for other dates when promotional rates are available, which will help move demand to lower-demand dates where it is needed.
Economic theory also holds that an inverse relationship exists between price and demand - as one goes up the other goes down. ... Continued increases in demand, in concert with well-below average growth in available supply, suggest well-above average levels of performance.
The diversity of PKF-HR's forecast is evident when observing the 2011 RevPAR projections by chain-scale. ... A similar story evolves when analyzing the PKF-HR Hotel Horizons ® forecasts for 50 major markets in the U.S.