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June 8, 2004

HVS International/NYU Present 2004 Manhattan Hotel Market Overview

With demand compression increasing, average rate showed positive growth in October through December. ... With demand compression increasing, average rate showed positive growth in October through December.

HVS

May 27, 2004

Improving Economic Conditions And Recovery In Travel Demand Drive A UK Hotel Revival – PricewaterhouseCoopers Reports

Already many leading hotel groups' finances have reflected the improvements and reported firming demand in the first quarter of 2004. ... Nevertheless, reflecting the revival, PricewaterhouseCoopers latest forecast for the UK in 2004 is cautiously bullish.

PwC (UK)

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May 23, 2004

Experts Predict Billions of Dollars in Increased Travel During 2004; Domestic Travel Up by $33 Billion in 2004, Experts Tell Travel Symposium

"We're seeing strong world-wide demand for our theme park and resort offerings," said Tom Williams, Universal Parks & Resorts Chairman. ... Increasing for the first time since 1999, U.S. residents are forecasted to take nearly 145 million business person-trips in 2004, an improvement of 4.6 percent from 2003.

External Links

Report Human Resources

May 20, 2004

Cornell Report Aims to Maximize the Economic Value of the Hospitality Workforce

The basic steps for scheduling, Thompson suggests, are forecasting demand, translating the demand forecast into employee requirements, creating the employee schedules, and controlling the schedule as the ... With the economic standards in mind, the manager can begin the scheduling process by creating a demand forecast.

CHR

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May 18, 2004

Bidding For Land To Build Hotels?

It is quite obvious that land prices are a function of supply and demand. ... Using the forecasted stabilized revenues for the hotel in question and applying a typical hotel ground lease formula, the income attributed to the land can be determined.

HVS

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Tambourine

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Supplier News Technology

May 18, 2004

Doubletree Novi Doubles In-Room Entertainment Revenue, Enhances Guest Service With Interactive TV Upgrade

With General Motors forecasting a healthy $4 billion from operations this year and Ford turning in a $2 billion first quarter, Detroit hoteliers are ramping up their offerings to accommodate an anticipated ... Accommodating the ramped-up demand has meant bringing in more of the brand's signature chocolate chip cookies - and installing an all-new in-room entertainment system.

LodgeNet Entertainment Corp.

May 16, 2004

AH&LA Inaugural 2004 U.S. Lodging Summit Forecasts Positive Travel Business Market

. - offered forecast information on key industry sectors to help hoteliers plan strategies as well as assist consumers make cost-saving travel decisions for the year. ... Additionally, total demand will hit a record level that will force increased occupancy. Generation X (adults ages 24-38) is rapidly approaching Baby Boomers (adults ages 39-58) in travel spending.

AH&LA

May 16, 2004

Arlington Hospitality, Inc. Announces 2004 First Quarter Results

Any forecasted amounts from closed or pending sales could differ from the final amounts included in the company's applicable quarterly and annual financial statements when issued. ... Furthermore, such forecasted amounts do not represent guidance on, or forecasts of, the results of the company's entire consolidated operations, which are reported on a quarterly basis.

Arlington Hospitality

Report Sales & Marketing

May 13, 2004

Interview w/ Mark Lomanno, President, Smith Travel Research – Comments from the AH&LA’s US Lodging Industry Summit in Washington, DC, May 11, 2004

Lomanno is President of Smith Travel Research (STR), the leading authority on current trends in occupancy, room rate and supply/demand data for the U.S. and the North American lodging industries. ... The one-day national conference marked the first time leading lodging business analysts gathered to offer their collective perspectives and forecasts for the U.S. travel and hotel industries.

AH&LA

Press Release Human Resources

May 4, 2004

Interstate Hotels & Resorts Reports First-Quarter Results

In addition, the corporate housing market is showing signs of improvement, especially when compared to the first quarter of 2003 when SARS- and war-related concerns substantially dampened demand. ... Forecasted net income for the 2004 second quarter, excluding anticipated non-recurring items and special charges, is between $0.0 million and $0.6 million, or $0.00 to $0.02 per share.

Aimbridge EMEA

May 2, 2004

Latent Potential of Travel & Tourism in New EU Accession Countries - Totals an Additional US$54.6 bn GDP and 3 Million Jobs

Doha, Qatar | The World Travel & Tourism Council (WTTC), building on its exclusive Tourism Satellite Accounting research produced by Oxford Economic Forecasting, has undertaken a groundbreaking examination ... The WTTC research defined the latent potential for Travel & Tourism as the prospective additional Travel & Tourism growth (over existing 2004 forecasts) resulting from structural changes to their Travel

WTTC

April 21, 2004

LaSalle Hotel Properties Reports First Quarter Results; RevPAR Increases 7.3 percent in First Quarter

"Business travel demand continues to strengthen and group booking activity is gaining momentum. ... FFO per diluted share/unit is now forecasted at $1.62 to $1.70, up from the Company's prior expectations of $1.52 to $1.62.

LaSalle

April 19, 2004

How Fashionable Has Italian Hotel Performance Been Of Late? – Deloitte Reports

Overall the Economist Intelligence Unit (EIU) has forecast that GDP will increase by 1.2 percent in 2004, this compares to 1.9 percent for the euro-zone. ... Improved economic performance in key demand generating markets as well as some improvement in Italy’s domestic market is expected to help improve future hotel performance.

STR Global

April 14, 2004

Australia Capital City Round-Up - By Sophie Mougel - HVS International

Despite solid growth in demand for the first three quarters of 2003, the impact of a significant imbalance between supply and demand was eventually responsible for a decrease in average room rates as operators ... In anticipation of the impending demand of conference delegates, a new 5-star serviced apartment opened during 2003.

HVS

March 21, 2004

New TIA Report Shows U.S. Captures 43 Percent Of Latin American Long-Haul Travel Market

Although Latin American travel to the U.S. declined again in 2003, it is forecast to grow by 3 percent in 2004. ... Other reports in the series include: Europe Travel Demand: Trends and Insights, 2003 Edition and Asia-Pacific Travel Demand: Trends and Insights, 2003 Edition .

U.S. Travel Association

March 19, 2004

ITB 2004 Closing Report - Continued Optimism - Travel Growing In Popularity

In combination with the pent-up demand for travel, this trend has created a mood of confidence throughout the entire industry". ... Other destinations where hotels and services are charged in US dollars were also in demand.

ITB Berlin

March 18, 2004

The World Travel & Tourism Council Forecasts that China, Hong Kong and Macau Travel & Tourism Economies are Poised for a Robust Recovery in 2004

For 2004, WTTC is forecasting: Demand : Encompassing all components of Travel & Tourism consumption, investment, government spending and exports to grow 10.2% (real terms) and total HKD335.6 billion (US ... The 2004 growth forecasts for China and Macau are 13.5% and 15.9% respectively.

WTTC