"demand forecasting" - Search

October 24, 2008

American Express Business Travel Announces Adjusted Results Of Forecast In Anticipation Of Global Economic Slowdown

Global Airfare Forecast The proliferation of new fees and a delicate supply and demand balancing act will determine whether airfares remain steady, increase or potentially decrease compared to 2008. ... Regional Highlights North America -- Air/Hotel/Car Forecast and Trends The expected global economic slowdown may lead to a slowing growth of demand for available seats on a plane, and when coupled with

American Express

Opinion Article Sales & Marketing

October 20, 2008

Hoteliers Underestimated 2007 Profits | Will They Lowball 2009?

Can they grow market share, steal customers, or induce new demand on their own? ... Concurrently, the forecast calls for a 3.6 percent increase in ADR for 2008.

By Robert Mandelbaum, Director of Research Information Services, CBRE Hotels

Opinion Article Sales & Marketing

October 20, 2008

Principles for success – Understanding the Value and Power of Breakfast | Part 2 of 2

We all use some form of revenue management and forecasting and we have the ability to better analyze who our customers are than we have done in the past. ... Evaluate your menus – healthy alternatives are in demand 3 . Many people who travel are looking for a heart healthy, lower fat diet and expect hotel breakfasts to meet those needs.

By John Hogan, CHA CHMS CHE CHO

Opinion Article Human Resources

October 16, 2008

The Sun Continues to Shine on the Middle East

As forecasts for the U.S. and European hotel markets are facing a severe downward adjustment, the Middle East is still going strong. ... As even the most ardent optimists are forced to severely readjust their forecasts for the US and European hotel markets, many protagonists are looking east for possible salvation.

HVS

Press Release Sales & Marketing

October 16, 2008

Tourism and the Financial Crisis - 84th Session of the Executive Council of UNWTO

The tourism sector is suffering from reduced consumer demand – business and leisure – and tourism businesses are already feeling the credit crunch. ... Although demand still produced solid growth figures in that period, UNWTO commissioned a study of the impacts of economic scenarios on the sector.

UN Tourism

Supplier News Sales & Marketing

October 9, 2008

Five-Star Dorchester Collection Hotel Chain turns to Revenue Management Solution to Improve Pricing Strategy

Software On-Demand is by far more powerful, efficient and cost effective than traditional software installed on in-house server-based systems. ... In addition, IDeaS V5i Revenue Management On-Demand solution offers advanced forecasting and optimisation algorithms that are far superior to what existed in the past.

IDeaS

Supplier News Technology

October 8, 2008

How Maestro PMS with Integrated Channel Management and ‘Web Connection’ Suite Can Drive Hotel Profitability Even in a Down Economy

For operators with depreciated hotel software systems, a soft-demand forecast can be a reminder the time is right for new technology.

Maestro

Ad Be seen. Be trusted.

Why Hospitality Net Leads B2B in Hospitality

Learn what makes us the industry-leader in what we do.

Hospitality Net

Ad #1 Hotel PMS

See why hotels are switching to Mews

Revenue up. Manual work down. Hotels using Mews see 35% higher RevPAR and 45% more upsells. Book a free demo.

Mews

Ad #1 Hotel PMS

See why hotels are switching to Mews

Revenue up. Manual work down. Hotels using Mews see 35% higher RevPAR and 45% more upsells. Book a free demo.

Mews

Press Release Sustainability

October 6, 2008

Ted Turner Announces First-Ever Global Sustainable Tourism Criteria at World Conservation Congress

"Over 900 million international tourists traveled last year and UNWTO forecasts 1.6 billion tourists by the year 2020. ... "The Global Sustainable Tourism Criteria that have been developed will shape the minimum requirements that the Sustainable Tourism Stewardship Council will demand from accredited certification programs

UN Tourism

Opinion Article Sales & Marketing

September 29, 2008

"A Bakers Dozen” of Strategies for Hotel Food and Beverage Directors

This means detailed forecasting, planning and directing the entire Hotel Food & Beverage departments to meet the daily operational needs. ... If there is a measurable swing or change in demand, customer dissatisfaction, or variables in the competitive marketplace, this could mean recommending to senior management possible options to meet those

By John Hogan, CHA CHMS CHE CHO

Report Finance

September 24, 2008

U.S. Hotels to Bottom Out in 2009 | PKF Forecasts Two Years Of Declining Lodging Demand

"Because of the extended slowdown of the U.S. economy, compounded by the negative consequences stemming from airline capacity cutbacks, we are now forecasting a 0.2 percent decline in lodging demand in ... PKF-HR is forecasting a 2.2 percent increase in demand for 2010, followed by another 3.1 percent gain in 2011.

CBRE Hotels

Press Release Sales & Marketing

September 18, 2008

Challenging times ahead for travel industry Revenue and Pricing Managers but optimism still remains

Rising fuel costs, the strength of the Euro and the credit crunch are all contributing to make the issue of setting the right prices, stimulating demand and managing revenue all the more important and ... will be joined by top RM and Pricing experts from Club Med, TUI, SAS, Steigenberger hotels, Airmiles, Sabre, Amadeus, Thomas Cook, Aer Lingus, Octopus Travel, Expedia, to discuss key topics such as forecasting

Reuters Events (former EyeforTravel)

Press Release Finance

September 18, 2008

Exploring The Effects Of The Global Economy On The Future Of The Travel Industry

"As the economies of Europe and America face continued headwinds in the forms of inflation and weak consumer demand, the travel industry faces renewed challenges. ... Yet against this background airlines are struggling with rising fuel prices, slowing demand and increasingly vocal criticism of their environmental credentials.

Supplier News Sales & Marketing

September 16, 2008

Apollo Hotels & Resorts selects IDeaS V5i to Improve Yield Performance

optimization solutions and services and one of America’s fastest growing technology companies, announced today that Apollo Hotels & Resorts, a major hotel group in the Benelux, has chosen IDeaS V5i On-Demand ... The deployment of IDeaS V5i On-demand Revenue Management Solution at the first two Apollo Hotels & Resorts has already started and further hotels are expected to roll it out by January 2009.

IDeaS

Supplier News Sales & Marketing

September 15, 2008

Hospitality Revenue Management Professionals Weigh In on Industry Issues at the IDeaS Client Summit

management professionals from around the world attended the event, which spanned two days and was designed to bring IDeaS clients together to share best practices and enhance their use of the IDeaS V5i On-Demand ... Key survey findings include: 60 percent of respondents believe that the availability of future booking market data will have a high impact on their ability to forecast accurately over the next 12 months

IDeaS

Supplier News Technology

September 2, 2008

Eden Hotel Group Deploys IDeaS Revenue Management Solution Across Its Estate

and optimization solutions and services, announced today that Eden Hotel Group, a leading hotel group in the Netherlands consisting of 17 three and four star properties, will roll out IDeaS V5i On-Demand ... “Also, we are pleased to notice that an increasing number of countries are beginning to recognize the relevance of automated forecasting and pricing solutions and, as we are consistently expanding our

IDeaS

Press Release Sales & Marketing

August 22, 2008

"Changing the Perception About Revenue Management Within an Organisation is a Slow Process”

We have to re-evaluate how to forecast demand because the old ways don't work any more. The revenue management science has had to adapt to these changes. ... Revenue managers need to forecast the impact of these factors on demand more accurately than ever.

Reuters Events (former EyeforTravel)

Supplier News Sales & Marketing

August 7, 2008

New Sofitel London Heathrow T5 Selects IDeaS to Deploy Revenue Management System

"As the hotel will be located in a very high demand area, the ability to provide superior forecasting and pricing is paramount for us," said John Donaldson , Executive Director at Sofitel London Heathrow ... Forecasts and decisions, critical when opening a new hotel, are then able to be produced with greater accuracy and speed than ever before."

IDeaS

Press Release Development

August 6, 2008

Lodging Econometrics Announces Total US Construction Pipeline of 5,883 Projects/785,547 Rooms at Mid-Year

Guest room demand is the major culprit at –0.3% year-over-year growth at the end of Q2. Demand growth is likely to be negative for the year, an unhappy consequence and a rare happening. ... In the near term, there will be the appearance of overbuilding because of a widening supply/demand imbalance. In reality, it is not overbuilding but the collapse of demand growth, a rare occurrence.

Lodging Econometrics

Press Release Finance

August 6, 2008

FelCor Reports Second Quarter Operating Results

"There is no denying the current economic trends and potential for further deterioration in demand. ... Demand is being impacted by reductions in airline capacity, higher fuel costs, moderating GDP and negative sentiment towards the economy.

FelCor

Opinion Article Finance

August 5, 2008

Liquidity and Risk – “The Party’s Over”

The second quater 2008 Hotel Horizons forecast of PKF-HR called for U.S. hotel RevPAR to increase just 1.5 percent in 2008. ... The forecast RevPAR gain of 1.5 percent should translate into a 1.0 percent gain in total revenue for the average hotel in 2008.

By Scott Smith