Excerpts: Do you believe that discounting attracts additional customers or it merely ensures that you capture another part of the total existing demand? ... OTAs give hotels pricing flexibility to drive demand across various days of the week, seasons, advance booking, last minute booking, etc.
s earnings fell 15% on charges as the lodging company continued to see demand improve. ... In April Starwood had raised its earnings forecast to 88 cents on revpar of 5% to 8%.
"Second-quarter room demand increased 8.7 percent-the industry's largest quarterly demand increase since STR began tracking performance in 1987. ... We're forecasting full-year 2010 RevPAR growth of just over 5 percent, driven almost exclusively by occupancy gains."
“After months of recovering roomnight demand, the U.S. hotel industry finally reported ADR growth in June,” said Mark Lomanno, president of STR. ... STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information.
In 2008, conference demand accounted for 72.2 percent of the rooms occupied at the centers in our survey. ... To combat the deterioration in conference demand, centers turned to local organizations for business. Local based conference attendees increased 2.4 percent in 2009.
LMS automates many of the daily processes that are still being done manually—such as forecasting, budgeting and scheduling,” said Mark Heymann, President and CEO of UniFocus. ... UniFocus’ Watson, R.M. incorporates industry-specific statistical analysis to project short-term demand; and then optimizes workforce schedules by identifying critical relationships between key business
Optimism amongst leading Australian hoteliers is on the rise again after two years of declining demand, falling revenues and stagnant investor demand. ... demand from overseas investment markets such Singapore” he said.
IDeaS Revenue Optimization, the leading provider of pricing, forecasting and optimization solutions and services, has today announced that award-winning Independent Hotel Brand Jurys Inn ( www.jurysinn.com ... ), has started to roll-out the IDeaS V5i On-Demand Revenue Optimization Solution across its brand.
International (HSMAI) Revenue Management & Internet Marketing Strategy Conference in Orlando, Fla., on June 21 for a day of in-depth discussions regarding how the two disciplines can work together to generate demand ... This HSMAI Revenue Management Special Interest Group publication includes the very latest information on understanding the market, market segmentation, forecasting, revenue strategy, pricing, inventory
For the full year 2010, UNWTO forecasts international tourist arrivals to grow by 3% to 4%. 2010 – January-April results International tourist arrivals increased by 7% in the first four months of 2010. ... Positive outlook for the remainder of the year, but challenges remain UNWTO maintains its January forecast for international tourist arrivals in 2010 at +3% to +4%.
Driven by an econometric forecasting model, the Hotel Horizons® reports cover five years of supply, demand, occupancy, ADR, and RevPAR for 50 major U.S. markets, as well as six national chain-scale segments ... The following chart shows the average percentage point difference between forecast and actual change of five key variables (supply, demand, occupancy, average daily rate and RevPAR) at the national level
"May was another strong performance month for the U.S. hotel industry as the demand for hotel rooms far exceeded May of last year, driving occupancies," said Mark Lomanno, president at STR. ... STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information.
Revenue directors will reinvent their approach to be even more proactive and creative—conducting more research, focusing on demand generators, developing relationships with the competition, shifting market ... With revenue optimization experts in every global market, it helps clients make better business decisions, generate greater demand from the right mix of channels, convert more shoppers to high-value guests
forecast. ... Revenue for the summer is forecast to rise 6.3 percent.
Swisscom Hospitality Services and LG Electronics today announced the launch of ConnectedHotel TV, the first all-in-one hospitality solution that delivers interactive High Definition television, Video-on-Demand ... Comments Leo Brand: "With our co-developed solution, hoteliers can react quickly to guest demands for new Web-based services whilst exploiting new revenue streams."
high demand for the remainder of the calendar year. ... Even corporate hotels are now facing more high demand, mid-week dates.
By 2015, US boomers are forecasted to account for 60 percent of the nation’s wealth and 40 percent of spending . ... India alone is forecasted to have 50 million outbound tourists by 2020 . Brand The growth of social media in the last five years has been staggering, and will continue to grow.
Smith Travel Research said Tuesday that increases in demand prompted it to revise upward its outlook for this year and next. ... The firm's previous forecast was for $53.22.
Rainmaker’s re volution Product Suite enables casinos to: Accurately forecast guest value based on multiple revenue streams across the casino enterprise Track and understand how different customer segments ... The re volution system also analyzes and factors in forecasted demand from local influences such as holidays and casino events to recommend optimized rates for each guest segment.
Forecasts by STR for 2010 say that supply will continue to grow at 2-2.5%. Demand will be up almost 5.7%, and occupancy will be up 3.6% (greater demand but more supply). ... The recovery for the hotel industry so far is entirely based on demand with no increase in rate.