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While most hotel companies and industry analysts believe that the U.S. lodging market has bottomed out and will improve next year, few if any are forecasting a rapid turnaround for 2004. 4. ... Investors need to become somewhat less demanding as to their ROI requirements and accept acquisition opportunities that yield internal rates of return in the low to middle 20's. 2.
Latest figures from the Economist Intelligence Unit (EIU) forecast that Poland's GDP will increase by 3.1 percent 2003, compared to the 1.4 percent growth achieved in 2002. ... To set this in context of the EU, which Poland plans to join next year - EU GDP is forecast to increase by just 0.7 percent in 2003 and 1.9 percent in 2004.
demand recovery in 2004. ... PricewaterhouseCoopers forecasts that between the second and the fourth quarters of 2003, seasonally adjusted lodging demand will increase by 4.2 percent.
The forecast by consultant PriceWaterhouseCoopers points to better times for U.S. hotels but cautions that even after two years of projected gains, the industry will have recovered just over a third of ... the room revenues lost since 2001 during the deepest drop in demand since the Depression of the 1930s.
Q4 prospects are usually extremely buoyant due to increased hiring activity, which takes place over the Christmas period to help meet consumer demand." ... The Net Employment Outlook(1) (the balance of employers forecasting to take on more staff) for the UK in Q4 is +12%.
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.
Whilst demand levels have fallen in all German hotels it is average room rates that have come under the most pressure. ... Luckily, hotels in German holiday regions and resort hotels appear to be benefiting this summer from increased domestic demand and this should be reflected in their performance numbers at the end of the
Operations Outlook We forecast that the lingering industry weakness will continue throughout the third quarter of 2003, generating year-over-year RevPAR comparable to, or slightly below last year's levels ... Most of our hotels are located near a state capitol, university, convention center, corporate headquarters, office park or other stable demand generator.
Although the Company has more than adequate liquidity, based upon the current forecast, it is unlikely that the Company will pay a fourth quarter 2003 dividend on its preferred shares due to limitations ... These risks include, but are not limited to: national and local economic and business conditions that will affect occupancy rates at our hotels and the demand for hotel products and services; threats of
"Our portfolio experienced occupancy declines during April and the beginning of May, with lodging demand flat during the rest of the quarter. Pricing pressures continued throughout the quarter. ... While our travel and lodging demand indicators are mixed, they have improved in the last 90 days," noted Mr. Bortz.
The Company forecasts 2003 Net Cash Provided by Operating Activities of between $4.5 and $5.0 billion and free cash flow of at least $2 billion. Cendant's Chairman, President and CEO, Henry R. ... Like other industry participants, we experienced a decline in worldwide travel demand during second quarter 2003 due to a number of factors, including the military conflict in Iraq, terrorist threat alerts
The Caribbean and Latin America enjoyed strong leisure demand, resulting in an 8.0 percent increase in REVPAR in that region during the quarter. ... OUTLOOK While lodging demand has generally returned to levels experienced prior to the war in Iraq, it continues to be very difficult to forecast future performance.
Multimillion dollar marketing campaigns targeting Australian and New Zealand travellers are planned over the next several months which are likely to soften domestic demand", says Mr Zographou. ... begin to improve during the second half of 2003, and some key markets (and in particular Sydney) will begin to show a strong rebound in performance during 2004 with international visitor arrivals forecast
For Sydney, the trading performance outlook is positive for 2003 and 2004, albeit 2004 will be dependent on the proposed timing of the introduction of the new room stock, and the strength of demand at ... As there is no additional room stock proposed in 2003 and with only one additional serviced apartment property forecast to open in 2004, the market outlook is positive.
"In particular, our AmeriHost Inn hotels experienced increased demand from leisure travelers, and we saw preliminary strengthening of demand in many markets. ... 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.
Throw in the added complexity of forecasting demand for each channel for each day for an entire year, for a variety of different price points and for each room type in your hotel, and suddenly you are ... These trends are then converted into highly sophisticated demand and revenue forecasts and the patented optimization engine generates the "perfect" revenue management controls for each channel: what price
The summer season is forecast to achieve a 0.6 percent increase in hotel occupancy, to 68.1 percent. ... Air Travel Demand Has Been More Significantly Affected than Lodging Demand Since 2001 Sources, PricewaterhouseCoopers based on Smith Travel Research data, U.S.
New statistics on the UK hotel sector today issued by PricewaterhouseCoopers forecast customer demand to gradually pick up in the second half of 2003. ... Liz Hall added: "Those waiting for a 'bounce' effect in hotel sector demand and earnings when the outlook finally turns, will have to hold their breath for a little longer, as we forecast a longer wait
The figures are based on the Tourism Satellite Accounting research prepared for the WTTC by Oxford Economic Forecasting. ... TSA research quantifies all aspects of Travel & Tourism demand, from personal consumption to business purchases, capital investment, government spending and exports.