Positive news and forecasts were a prominent feature this year of the travel industry's pre-eminent meeting place, although of course attention also focused on the political developments in North Africa ... The tourism industry's trade association is convinced that neither of these countries has lost its appeal and that demand for them will soon return to previous levels.
"Every department is compared to the forecast to find out whether they are short-staffed or over-staffed so that we can mitigate any issue," continued Upchurch. ... LMS automates many of the daily processes that in many casinos, hotels and resorts are still being done manually-such as forecasting, budgeting and scheduling.
Driven by demand and assisted by rate growth, business travel revenue rose by more than +40% over January of last year, while leisure revenue jumped nearly +15% over the same period in 2010. ... The report also forecasted growth in business and leisure bookings through mid-year based on business on the books.
Obviously, upselling room inventory, recreation and special services is more common in times of high demand. ... Hotels use CRM (customer relations management) software programs successfully to send e-mails automatically to confirmed guests over future dates where more expensive rooms and suites are forecasted to
Accor SA, Europe’s largest hotelier, said it will accelerate an asset disposal plan and forecast that market growth last year will continue in 2011. The asset-sales expansion will help reduce adjusted net debt by a combined 1.2 billion euros ($1.6 billion) this year and in 2012, Evry, France-based Accor said today in a statement. Accor will be able to dispose of more than the 450 hotels than it announced in its previous plan.
"There is a real advantage in having more accurate demand forecasts based on commitments, historic data, and seasonality by segment. ... "The central reservation system interfaces with revolution to provide data for our demand forecasts and rate setting calculations," Reynolds said.
To the extent that these forecasts are reliable, they may serve as indicators of future trends in lodging demand. ... Conclusion One important strategic implication from this analysis is that forecasts of GPDI may be an increasingly relevant tool for forecasting lodging demand growth.
RevUp empowers revenue managers by displaying integrated information from their hotel PMS, competitive pricing sources, and future market demand data. ... Revenue Managers use the dashboard, report, and forecasting features of RevUp to make smarter pricing decisions every day.
Stockholm has moved up to position 8 due to increased market demand in the city. ... The US was relatively stable year on year and New York's growth is the result of high demand in the area.
On October 6, 2010, the company forecasted fourth quarter diluted EPS of $0.33 to $0.36. ... Demand and pricing continue to strengthen. We expect 2011 worldwide systemwide REVPAR to increase 6 to 8 percent.
Supply is expected to report slight growth in 2011 with a 0.7-percent increase, and demand is projected to increase 2.5 percent. ... This updated forecast was originally presented during the Americas Lodging Investment Summit (ALIS) on 24 January 2011.
For 2012, LE's Forecast calls for 487 hotels/48,860 rooms to exit the Pipeline as new supply. ... However, future increases are dependent upon further demand and room rate improvement.
Great increase in demand. ... The demand for room nights grew a staggering 7.8% returning to the pre-bubble peak of 1 billion room nights sold during 2010, but with an increased supply of hotel rooms taking a share of the demand, occupancy
Deals are forecast to continue at a steady pace through 2011 to reach €8.3 billion by year-end. ... However, with demand for core assets already starting to intensify, investors might be willing to look further afield.”
And we are not the only company forecasting a better 2011. ... If you look closely, you see that our 2011 revenue-per-available-room forecast of around 6% is actually quite a bit below the 9% that Mark Woodworth from PKF presented.
The 2011 forecast is +1.9%. See link: World Bank Country Forecasts. Industry analysts have for some time told us that there is a direct correlation between GDP and RevPAR. ... The bounce-back of demand is therefore expected to be stronger than the recovery and growth in overall GDP.
Smith Travel Research reports that domestic room demand is back but prices are not. ... demand from local influences such as holidays and city-wide events to recommend optimized rates for each guest segment.
Forecasts for 2011 are for continued growth, fuelled by increasing occupancy rates and much better average prices. ... "Economic recovery in Europe is in line with forecasts, thanks in large to the second half of the year.
“Our Watson system simplifies the entire process of labor management by automating the cycle of forecasting, scheduling and analysis—so that we have the right staff at the right time,” continued Czarnecki ... LMS incorporates industry-specific statistical analysis to project short-term demand, optimizes workforce schedules by identifying critical relationships between key volumes, such as number of guests to
property can now process competitive rate shopping, manage multiple online sales channels and distribution strategies, enhance OTA exposure and retrieve business intelligence and reservation data on-demand ... RateTiger will help us to forecast, benchmark and integrate these technologies in our Micros PMS. It makes all sales processes easier and grants greater control over our output."