Comparable system-wide RevPAR increased 8.9%, driven by strong rate increases and high demand in most major markets. North America comparable owned RevPAR increased 9.8%. ... Owned Hotel Results Continued strong demand trends resulted in high single digit or double digit ADR increases at many of the company's gateway hotels around the world.
First half industry room supply increased 1.1 percent while demand (room nights sold) grew 0.9 percent. Room revenue grew 6.7 percent in the first six months of 2007 to $52 billion. ... “Year-over-year comparisons will be easier in the second half and economic forecasts are generally calling for marginal improvement over the balance of 2007.
Given the forecast of healthy market conditions for the U.S. lodging industry, hotel operators are most likely going to continue their strict management of credit. ... Occupancy levels in most cities are forecast to remain above their respective long-term average in the next few years.
Demand growth was so weak that it could not cover the scant new supply coming online. Fortunately, the economy rebounded and demand has improved slightly. ... A forecast for New Openings three years forward should be studied to determine if there’s room for an additional hotel.
During the March quarter 2007, Brisbane again recorded the strongest level of demand growth out of all major markets around Australia. ... In line with the positive supply/demand outlook, ADR growth will remain strong, particularly in the short term.
Carlson is working with JDA to create a totally new way to apply the process of demand forecasting to deliver the highest possible revenue to its franchisees. ... TUI now has an industry-leading pricing capability, founded upon deep expertise in demand forecasting.
Garrett van Ryzin , Professor of Business, Columbia University Graduate School of Business declared: “Demand modeling defines revenue management. ... Having the time to be analytical and do long-term forecasting are our biggest challenges today.
IDeaS offers proven solutions that: Determine Optimal Hotel Pricing Analyze Market Behavior and Capture Revenue Opportunities Expand Competitive Set Performance Forecast Business Demands Manage and Control
Visitors from the United Kingdom account for 21 percent of total demand, a figure forecast to increase due to an increased number of direct flights.
“The steady, impressive growth in the timeshare sector is a direct indication of strong consumer satisfaction and demand, underscoring that vacation ownership is fast becoming the preferred travel ... Looking ahead, study respondents predict continued growth as they continue to build new resorts, including approximately 11,000 new units forecast for 2007 and firm commitments for approximately 47,000
NEW YORK | PricewaterhouseCoopers forecasts that U.S. lodging industry average daily rate (ADR) increases will decelerate in 2007 as room supply additions accelerate, demand becomes constrained by the ... ” A long period of sustainable gains in room demand with room supply additions well below historical averages has allowed the industry to achieve robust room rate increases, according to PricewaterhouseCoopers
The high rates registered by the Manhattan lodging market were caused primarily by continued strong demand levels in 2006, allowing hotel operators to be more selective with lower-rated demand and increasingly ... Because of a further decline in supply in 2006, the market continued to experience many sell-out nights, causing a significant amount of demand to remain unaccommodated.
. | The demand for leisure travel continues to grow, but the manner in which Americans vacation continues to change as revealed in the newly-released Yesawich, Pepperdine, Brown & Russell (YPB&R)/Yankelovich ... For more than 30 years, The Yankelovich MONITOR has tracked and forecasted consumer value and lifestyle trends.
The summer occupancy in 2007 is forecast to be slightly lower than 2006, 69.6 percent, the second-highest since the peak of 72.1 percent in 2001 and approximately a percentage point below the 70.2 percent ... According to PricewaterhouseCoopers, the effect of increased gasoline prices on room night demand will be pronounced in 2007, with gasoline-induced occupancy declines concentrated in the second, third
This observation illustrates the solidity of the demand towards French hoteliers. ... These considerations fully justify MKG Consulting’s forecast for growth in the RevPAR by between 8% and 10% for the whole of the year 2007.
Favorable supply / demand conditions allowed these operators to enjoy an 8.2 percent jump in revenues for the year. However, management continued to struggle with escalating costs. ... Looking towards the end of 2007, our forecast calls for a 4.7 percent increase in revenues and a 6.5 percent boost in profits.
Unlike most private enterprises that are profit-oriented and focus on bottom-line financial results, convention centers use event demand as the single most important measure of their performance. ... Inconsistency in measurement is also problematic for analysts who attempt to aggregate event demand information from multiple venues and understand overall industry trends.
Supply is growing at reasonable levels, and the forecasted performance of the nation’s economy should continue to have a positive impact on lodging demand. ... The pace of revenue and profit gains may diminish, but we are forecasting an abnormally long period of industry growth.
“Today, we are forecasting a total volume of Middle East investment this year of $7bn, doubling that of 2006, and it is expected that Asia will be a major beneficiary of these increasing volumes ... According to de Haast, the onslaught of hotel and related leisure projects in the Middle East region was justified by the expectations of sustained growth in demand.
The following table summarizes the PwC forecast of ADR growth of the chain-scale segments for 2006 and 2007. Source: Smith Travel Research (2006) and PricewaterhouseCoopers (2007). ... After record growth in 2006, the average rate performance of all the chain scale segments is forecast to slow in 2007, primarily due to increasing supply and a slower demand growth.