PolyU recently released the second issue of the Hong Kong Tourism Forecasting Report reviewing forecasts of the demand for Hong Kong tourism from Mainland China and Taiwan. ... The Report presents the forecasts from the Tourism Demand Forecasting System for Hong Kong.
By use of a revolutionary index, we demonstrate what employment trends in a given market mean for area hotels, providing stakeholders with a more accurate forecast of future demand. ... RevPAR Forecast Given our forecast of average occupancy and ADR, we can make the following forecast for RevPAR through 2012.
A prime example: business hotels offering deep discounts for weekenders to encourage bookings for soft demand days. IDeaS delivers solutions via “software as a service.” ... Its solutions, combined with leading-edge SAS capabilities like forecasting, optimization and statistics, will also extend to other industries outside of travel, hospitality and retail.
The webinar will reveal the first half of 2008 results based on TravelCLICK’s proprietary eMonitor and eTrak market performance reports as well as forecast trends for the second half of 2008. ... mix for the first half of 2008 Impact of changing economic conditions on global markets and consumer shopping behavior How hoteliers can leverage web marketing strategies to maintain and grow direct demand
Her research interests are varied and include corporate social responsibility in tourism, knowledge management systems for destination crisis management, tourism demand modelling and forecasting, tourism
(down 3%) and San Francisco (down 2%) - as hotels reduce their average room rates in line with softening demand. ... in average rates in the first half of 2008 as demand continues to outstrip supply," says Margaret Bowler , Director Global Hotel Relations at HRG.
Travel Demand : More than half of buyers overall (53 percent) predict their organizations' demand for travel will increase by the end of 2009. ... Growth in demand will be strongly fuelled by increases in emerging and growth markets.
It seems we only just get to grips with a new technology or trend when another springs up demanding our attention. ... Even more frightening is the fact that your consumer is more tech-savvy than ever - and more demanding. It's no longer enough just to have a presence; you have to be the presence!
The introduction of the ‘bed and breakfast’ concept would help to meet demand quickly in places like Delhi, which requires 30,000 new rooms by 2010 to meet the Commonwealth Games’ related demand. ... Malaysia, Macau, Hong Kong and Vietnam are all forecast to record strong growth.
demand in 1991 and 2002 -- the current scenario is quite mild. ... ") Mark Woodworth is forecasting the cap rates will increase by 190 basis points between now and 2010. In fact, he predicts they will rise from 7.6% forecast for 2008 to 9.5% in 2010.
(Unless of course it is a different season for demand) Goals must be achievable. ... If a front desk agent learns how to forecast, then the person now doing the forecasts might be able to advance to another task.
the leading provider of hospitality revenue management and optimization solutions and services, announced today that Maritim Hotels, one of Germany’s largest hotel chains, will install IDeaS V5i On-Demand ... The second-round roll out of IDeaS V5i On-demand Revenue Management Solution at Maritim Hotels has already started and it will go live in autumn.
Koos Klein (Hilton Hotels), Michael Issenberg (Accor Asia Pacific), Keith Barr (InterContinental Hotels Group), Bob East (Stella Hospitality Group) and Sean Hunt (Starwood Pacific Hotels) forecast further ... Mr Bordas explained the need for fresh thinking and new concepts to create resorts that can meet the demands of resort guests searching for new experiences within a highly competitive global resort market
lodging demand would fall off 3.9 percent. ... Given PKF-HR's second quarter Hotel Horizons(SM) forecast for 2008, a 3.9 percent reduction in lodging demand for the year would translate into approximately 40 million fewer room nights occupied, or $4.3
But the implications of this forecast are not straightforward. As world demand grows and supply diminishes, prices will soar. ... Forecasting, by its very nature, is a hazardous exercise.
Optimization, the leading provider of hospitality revenue management and optimization solutions, announced today that Menzies Hotels, a major hotel chain in the United Kingdom, has installed IDeaS V5i On-demand ... “The key for us was the ability of the IDeaS V5i On-demand Revenue Management Solution to operate within our centralized framework and provide central business intelligence to all of our different properties
And more dual income couples are finding it difficult to coordinate vacation schedules due to work demands. ... They are designing and integrating these demand generators into destination projects that act as a strong magnet in the region.
Uncertainty over the global economic situation is affecting consumer confidence and could hurt tourism demand. For 2008 as a whole, UNWTO maintains a cautiously positive forecast. ... UNWTO expects tourism demand to grow, but at a slower pace over the remainder of the year. The summer season in the northern hemisphere will be critical for the remainder of the year.
and optimization solutions and services, announced today that Austria Trend Hotels & Resorts of Verkehrsbüro Group, a leading hotel group in Austria comprising 30 properties, will deploy IDeaS V5i On-Demand ... “After the implementation of a central Property Management System (PMS) a few years ago, we feel now ready to move to the next step, in order to better deploy strategic forecasting and improve the pricing
LE’s Forecast calls for another 88 projects/23,756 rooms to open during the remainder of 2008, with a further 167 projects/43,428 rooms expected in 2009. ... There are 34 hotels/11,299 rooms expected to open in the last three quarters of 2008, while 54 hotels/ 15,360 rooms are forecast to come online in 2009.