Hotel Horizons® is a series of econometrically derived forecast reports developed by PKF Hospitality Research. ... Economic forecasts by Moody’s Economy.com and historic hotel performance data and future supply pipeline information from Smith Travel Research are used to construct the industry’s most comprehensive forecasts
and will provide insight into a slight revision in the 2010 forecast. ... Results produced by the model are reviewed by STR and a human element is added to the forecast.
"Indeed, we expect Mexico's Travel & Tourism Economy GDP to contract by 9% this year - more than the 6.5% decline forecast for Mexican GDP as a whole," he added. ... In addition, a number of other measures have been introduced to stimulate demand, such as complementary insurance for hotel bookings by foreigners."
The first part addressed Mapping out Your Sales Plan and Preparing and Revising Your Sales Forecast. ... , Forecasting, and Expense Budgeting are in the teleconference.
Evolution and outlook Despite the continuing uncertainty and limited visibility, we share the perception of the main Spanish tour operators for the summer season with a view to a recovery in last minute demand ... The results and forecasts indicate that resort hotels will clearly outperform city hotels, due largely to the fact that business travel is still affected by corporate travel restrictions worldwide.
However, we remain cautious, as the timing of the recovery is difficult to predict, and visibility into future demand trends remains low. ... Outlook As a result of the continued deterioration of lodging demand, we now expect our RevPAR to decline more than our previous guidance.
The first part addresses Mapping out Your Sales Plan and Preparing and Revising Your Sales Forecast. ... ligning Your Expense Budget With Your Forecast and Sales Plan and Practical Approaches to Opportunities in the Market .
Yes, it should consider historical data but your revenue management system also must forecast ahead. It Doesn’t Update In Real Time The key to this revenue squeezing ability is real time updates. ... Today’s operating environment demands a comprehensive, flexible RMS system. If your revenue management system isn’t working for your property, then you need to take immediate action.
While key industry monitor Smith Travel Research has lowered its US forecast for the second half of 2009, Magnuson Hotels expects to finish 2009 even stronger, forecasting a 30% increase in revenue for ... “Decreased demand combined with rising new supply means market conditions will continue to worsen in 2010 as foreclosures rise to an unprecedented new level.
The full study, conducted by IHS Global Insight, will include a complete profile of U.S. business travelers, as well as a comprehensive forecast of U.S. and global business travel activity. ... Demand-side measures collected directly from business travelers were combined with data from travel suppliers and various governments/NGOs in order to create a definitive set of business travel metrics
A Better Handle on Rates and Demand Forecasts The LRO system develops optimized pricing recommendations for dozens of unit types based on hundreds of factors that influence rate setting, including: Competitive ... influences and historical demand Current and historical lease activity Guest cards, lease duration Move-in dates and other metrics The system also produces accurate enterprise-wide demand forecasts by
s second-quarter profit fell 76% amid weak lodging and timeshare demand as the hospitality industry continues to suffer. ... The hotelier -- which operates and franchises hotels under the Marriott, Ritz-Carlton, Residence Inn and Courtyard declined to give its typical earnings forecasts, citing the uncertain economy, but said
In our business the fact remains that there is a strong imbalance of demand and supply of accommodation in Russia and particularly in Moscow, a city which despite the crisis, is still producing one of ... February this year, “amid a pan-European downturn, Moscow remains in top ten and moves to sixth place in 2009 for European real estate investment prospects” according to the highly regarded real estate forecast
Never has the conference center industry faced such a constriction in demand, even subsequent to 9/11. ... PKF-HR is forecasting that the average US hotel will suffer a 16 percent decline in total revenue during 2009.
IDeaS Revenue Optimization, the leading provider of pricing, forecasting and optimization solutions and services, today announced a major expansion of their revenue management operations in China to support ... Importantly, IDeaS has been developing a new range of revenue management forecasting solutions and services specifically for the Chinese market.
Should revenue managers in the travel industry reduce prices to stimulate demand? What are the alternatives? And what damage could be done? ... Hotels lowered rates to stimulate demand and increase occupancy, but this was quickly copied by the competition, rendering it ineffective.
“Respondents were at least three times more likely to forecast demand reductions than increases over the next six months. ... And that’s for all demand segments including leisure, corporate and group travel.
Budgets and forecasts may be difficult to follow, yet understanding of market share is always important.” ... blame worldwide: rising jet fuel prices, yields and profitability in freefall, receding world markets, decline in capital values, tightening credit conditions, collapse in global trade and premium demand
STR's revised forecast Measurement Summer 2009 Year-end 2009 Year-end 2010 Occupancy -8.4% -8.4% -0.3% ADR -10.4% -9.7% -3.4% RevPAR -18.7% -17.1% -3.7% Supply +3.0% +3.0% +1.4% Demand -5.7% -5.5% +1.1% ... “We can say ‘here’s our summer forecast,’ ‘here’s our convention season forecast,’ ‘here’s our first-quarter forecast,’” he said.
Association International (HSMAI) Revenue Management & Internet Marketing Strategy Conference in Anaheim, Calif., for a day of in-depth discussions about how the two disciplines can work together to generate demand ... “Revenue management holds demand forecasts and marketing knows the customers, including their buying behavior and product preferences,” remarked Dr.