Four Winds uses the IDeaS V5i forecasting and decisions to better understand guest and player values, allowing it to assess its market more efficiently and accurately. ... "We sleep better at night knowing that IDeaS V5i is forecasting the future and suggesting the healthiest rates for our hotel," said Ray Stacy , yield analyst, Four Winds Casino Resort.
Coupled with increased demand, this could mean increased RPDs of roughly 5 percent year-over-year. ... The forecast represents an opinion based on current market factors and is not a representation or warranty as to the accuracy of the forecasts or projections made herein.
Featured topics among the nearly 25 programs will include marketing, recruiting, sustainability, business forecasting and boutique hotels. ... In this session, a primer of business forecasting to predict the future of sectors expositions will be presented, from hotels to tourism, cruise ships to meetings.
Occupancy demand is the major difference. Higher demand allows for higher rates, plain and simple. ... Hotel room demand has a tendency to fluctuate greatly from day-to-day every month, even in the off-season. The principle of revenue management is to take advantage of those fluctuations in demand.
"Being a global destination for leisure and incentive group travelers, as well as intra-regional commercial demand, the worldwide recession resulted in significant declines in hotel performance. ... The peak season results as reported by Smith Travel Research indicated a comeback in the demand for lodging accommodations in the region.
The purchase price of $68.4 million represents a 12.9 multiple of the Hotel's 2010 full-year forecasted EBITDA of $5.3 million and better than a 7% capitalization rate on forecasted 2010 full-year net ... to assumptions and forecasts of future results.
The system gives Benchmark a rolling forecast of group demand and pick-up that is updated daily and influences other variables, such as purchasing. ... An integral part of PMI is PMI Planning, an integrated profit and loss budgeting and forecasting tool that goes beyond traditional monthly forecasting and yearly budgeting.
IDeaS Revenue Optimization, the leading provider of pricing, forecasting and optimization solutions and services, has released an exclusive strategy report for Indian hoteliers, which provides key practical ... Commonwealth Games will increase the capital's GDP by up to 49 percent and, as a result, local hoteliers are urgently trying to determine how to best take advantage of the expected increase in both demand
With Hotelligence360, Nobis can see its performance from every angle, forecast future trends, and maximize revenue. ... With revenue optimization experts in every global market, we help our clients to make better business decisions, generate greater demand from the right mix of channels, convert more shoppers to high-value
revenue and profitability, and maximize the value of demand during peak travel times. ... The revolution system also analyzes and factors in forecasted demand from local influences such as holidays and city-wide events to recommend optimized rates for each guest segment.
NEW YORK -- PricewaterhouseCoopers' U.S. lodging forecast expects the lodging recovery that accelerated in the first half of 2010 to gain further traction during the remainder of 2010, as increasing demand ... Despite lower macroeconomic growth forecast for the remainder of 2010, stabilized conditions among businesses and consumers provide the context for continued lodging demand growth in 2010, albeit at a
The likes of Expedia, Travelocity and Priceline are being blamed for commoditizing hotels, for decimating rates, and for training travelers to demand deep discounts. ... Instead of discounting across the board, forecast demand in each market segment and develop separate strategies.
Atlanta, GA -- Based on the strong surge in lodging demand that occurred during the first half of 2010, Colliers PKF Hospitality Research (PKF-HR) now forecasts that the average U.S. hotel will achieve ... “It is important to note that the PKF-HR positive forecasts of lodging performance include the economic forecast assumptions of Moody’s Economy.com.
"The demand for rooms continued to be well above 2009 levels, and we are finally beginning to see signs of room rate recovery, especially in the higher end of the market. ... STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information.
The U.S. hotel industry is projected to end 2010 with increases in two of the three key performance measurements, according to STR’s forecast update. ... Supply during 2011 is expected to end the year with a 1.1-percent increase, and demand is projected to rise 2.5 percent.
His main research areas include tourism economics, tourism impact assessment, tourism project appraisal, and tourism demand modelling and forecasting. ... Over the years he has been involved in a number of projects related to tourism demand analysis and forecasting in Hong Kong, Macau, and other Asian countries.
The spring had been insanely busy, and all eyes were pointed toward the fall and how to make the most of what was shaping up to be unprecedented demand. ... With the entire market compressed, only around 20 rooms available on many nights, and ten times more demand than available supply, Hotel QZ simply closed the hotel.
The Boston hotel market, particularly the Back Bay area, has extremely high barriers to entry and diverse demand generators and is one of our three stated targeted acquisition markets. ... Increases barrier to entry protection Boston’s Back Bay submarket has extremely high barriers to entry and is in a prime CBD location that benefits from diverse demand generators and low supply growth.
The survey, which is run on a quarterly basis, asked 86 hoteliers to forecast the likely market demand in their hotels for the next quarter, compared to the same period last year. ... There was uncertainty in the press and the market before the World Cup about the event, and whether or not Hotels would cope with the demand. As it turns out, those fears were never realised.
Q2 demand increased by an historic percentage of 8.7% according to STR. ... Bobby Bowers, senior VP at STR, states that “We’re forecasting full-year 2010 RevPAR growth of just over 5 percent, driven almost exclusively by occupancy gains.” (HotelNewsNow, July 21, 2010).