Predicting that tourism growth will recover in the second half of the year, he does not foresee any substantial changes to WTO's previous forecasts of an increase this year on last year's total of 715 ... To meet these changes, tourism companies have shown flexibility by switching capacity away from areas seen to be at risk, monitoring the market to fine-tune products to meet demand, and waiving penalty
Operations Outlook We forecast that our second quarter 2003 year-over-year RevPAR comparisons will remain comparable to 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.
"The name, OnQ (pronounced "On Cue"), supports the Hilton Hotels Corporation 'Customer Really Matters' (CRM) strategy and represents information that is available to team members on demand, prompting them ... "One of the many advantageous features of OnQ is that it enables hotel management to forecast business trends and make market-driven business decisions based on revenue maximization tools built into the
Leisure travel demand has shown more resilience, although this segment is also below historical demand levels. ... Although certain markets in the US, including most resort locations, experienced reasonable demand levels, the majority of US markets continued to experience weak demand.
In Europe and Canada we expect the softness in demand to continue, based on current events. The timing of a recovery in those markets is uncertain." ... In Europe and Canada we expect the softness in demand to continue, based on current events. The timing of a recovery in those markets is uncertain."
"Given the fact that the first quarter 2002 benefited from pent-up demand from the fourth quarter 2001, we are particularly pleased with how well the Wyndham branded properties performed. ... Future Guidance: For the second quarter 2003, RevPAR is forecasted to be negative 2.0 to 4.0 percent versus the same period last year and EBITDA, as adjusted, is forecasted to be between $75.0 million
Obviously, this served to reduce the level of economic activity generally and exacerbated already weak demand in the travel/hospitality sector. ... Despite the fact that our dividend payout (total dividends as a percentage of FFO) is above historical norms, our balance sheet continues to be strong and industry experts continue to forecast a near-term
Lodging demand was particularly strong in the Asia/Pacific, Middle East/Africa and the Caribbean/Latin American regions during the first quarter. ... For the second half of the year, we believe a fairly wide range of possible lodging demand estimates is appropriate, given the level of economic uncertainty.
Online Booking Demand Up - Despite tough economic conditions, a tense political climate and fewer travelers, the online travel market performed surprisingly well in 2002. ... Based on proven results and customer demand, their expertise was quickly coveted by properties outside of B&Bs.
Despite the decrease in projected earnings, the Company continues to forecast 2003 net cash provided by operating activities in excess of $2 billion and free cash flow of approximately $2 billion, due ... Like most other industry participants, we are seeing a decline in travel demand affecting volumes and revenues across the majority of our travel distribution businesses due to a number of factors, including
for lodging products in the overall lodging industry, and improvements in demand for the Company's extended stay lodging products. ... Additional discussion of factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations is contained in the Company's SEC filings.
With leading economists forecasting an economic rebound after the Iraq War is settled, current HRG projections call for a 3.6 percent increase in hotel revenues in 2003. ... In response to this increased demand for revenue, expense, and profit information, HRG offers its clients Benchmarker, a service that allows hotel owners and operators to compare the financial performance
GROWTH DRAWS COMPETITION Those sorts of growth forecasts, coupled with fat margins -- up to 35 percent or more of what customers pay for a room -- have not gone unnoticed by potential competitors who are ... "What counts most is demand. We have a huge chunk of demand," he said. "The bottom line is over time we believe the margins are sustainable," he added. Reuters
It is also differentiated in that IDeaS automatically forecasts group demand and group wash, by group market segment, eliminating the manual input of budget or forecast data into the PMS/CRS.
Both Rutger and Ron have authored several hospitality industry publications, including hotel market forecasts, tourism infrastructure investment guides and hospitality business benchmarking reports. ... Services provided by HVS Sydney include: market and business assessments operations analysis, opportunity assessments, market demand and feasibility studies, due diligence and valuations for mortgage security
Although Shangri-La Hotels and Resorts got off to a good start at the beginning of March, the month was likely to end about 8% down on forecast occupancy, according to a company spokesperson. ... "Some business has been postponed, rather than cancelled, and the forecast for the next few weeks very much depends on whether SARS is quickly contained, and the protraction of the war in Iraq.
However, hotel industry leaders came to IHIF in record numbers, despite gloomy forecasts from many industry analysts", Worsley said. ... Delegates chose Poland, Russia, Germany and the Czech Republic as the top four countries where demand for economy lodging will grow most during the next three years.
U.S. hotel room demand actually increased 0.8 percent in 2002, but was still down 2.7 percent compared to 2000. ... This was driven by growth in leisure travel demand, while business lodging demand remained depressed. (6) Federal security alerts have had immediate short-term effects on lodging demand.
industry will in 2003 account for: 195 million of the world's jobs or 7.6 per cent of total employment US$3,527 billion of economic value (gross domestic product) or 10.2 per cent of total GDP The demand ... representing: 11.2 per cent of all exports (US$1,010 billion), 9.6 per cent of all capital investment (US$686 billion) 3.9 per cent of all government expenditures (US$224 billion) Travel & Tourism is forecast
in its budget law or the 3% forecasted by the European Commission. ... An eventual conflict in Iraq should have the same consequences with a drop in demand on the mid- and upscale segments that would lead to a drop in occupancy rates and RevPARs.