increase forecast by the HRG/TWR model. ... Quick Adjustment to Changes in the Economy The HRG/TWR forecasting models also reveal that most movements in the general economy are reflected in the demand for chain-affiliated hotel rooms during the
PricewaterhouseCoopers forecasts full-year 2002 U.S. hotel occupancy at 59.5%, one of the lowest rates in the last 75 years. ... ADR is forecast to increase by 2.5% in 2003, while occupancy is expected to recover 0.6 percentage points and reach 60.1 percent.
"The modest top-line and bottom-line growth we've forecasted for next year reflects the persisting economic uncertainty," said Susan K. ... As the company provides more fully integrated and seamless services in response to customer demand, EBITDA margins by business unit will be less meaningful.
as a whole, including demand for travel. ... Acording to WTO's preliminary forecasts, unless it reacts vigorously, Europe will, by 2020, account for no more than 46 per cent of the total," Mr. Frangialli said.
Forecasting the right quantity and types of seats for each train run is an imperative for GNER both to help ensure high levels of customer satisfaction and help achieve revenue targets. ... "We recognized that we would benefit from a solution that could help us forecast passenger demand by individual fare category for every train departure for every day of the year," said Andrew Markham,
forecasting system forecasts demand and cancellation patterns at the lowest level of detail supported by the transaction data. ... Sophisticated unconstraining algorithms identify latent demand hidden by inventory or price controls in the transaction streams.
"Dave's experience will be invaluable to our hotel partners and guests in responding to the increasing demand for secure, high-speed Internet services for the business traveler." ... "Demand for high-speed Internet access is forecast to dramatically increase over the next five years.
Jupiter Media Metrix, an Internet monitoring firm, forecasts that online bookings will account for nearly 19 percent of all travel bookings by 2005, while PhoCusWright's outlook is even higher, at 29 percent ... The site serves demanding Las Vegas visitors with clear options and variety at all price points. Five elements distinguish to the online customer: The site name is intuitive.
global travel and tourism demand that has implications for destinations and other suppliers in the future. ... global travel and tourism demand that has implications for destinations and other suppliers in the future.
It is this demand for more frequent expense and profit data that spurred HRG to complement its annual Trends in the Hotel Industry survey with a special mid-year survey. ... HRG, along with their partners at Torto Wheaton Research , also provide an extensive series of forecast products focused on the U.S. lodging industry. (see ).
In our forecasts prepared in March 2002, we had foreseen record growth in 2003. ... Still, the updated WTTC/OEF forecast for 2003 shows a solid 4.1 per cent real growth for the year.
Peak occupancy for the week is forecast to be 64 percent on the Friday following Thanksgiving. For the four-day Thanksgiving weekend, the average occupancy is forecast to be 52 percent. ... Even with an improved holiday season, PwC does not forecast a return to lodging demand levels of 2000.
PwC Reaffirms Estimates for Second Half of 2002 PricewaterhouseCoopers' Hospitality & Leisure Practice reaffirms its lodging demand forecasts for the second half of 2002, specifically estimating that lodging ... demand will remain weak through the third quarter of 2003.
Our experienced management team stayed focused on operations throughout the transition and our financial results came in as forecasted," said Paul W. Whetsell, chairman and chief executive officer. ... This was partially offset by a decline in EBITDA from Europe due to a reduction of units in London as a result of slowing demand and costs incurred in Paris to ramp up operations as part of our effort
Forecast Alert ? ... Less severe RevPAR declines are forecast for the UK as a whole and the Provinces with RevPAR declines of 2.2% and 2.4 % more likely.
Depending on a number of factors including improvements in the overall U.S. economy, improvements in demand for lodging products in the overall lodging industry, and improvements in demand for the Company's ... 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.
"Looking ahead, as the economy recovers and lodging demand improves, FelCor is well positioned to benefit from an improvement in industry fundamentals." ... FelCor's balance sheet. 2002 Estimates The uncertain operating environment, including recent geopolitical and consumer confidence concerns, continue to challenge the lodging industry's ability to forecast
The title is derived from data which shows that Pacific Asia: Stimulates 60 percent of global tourism demand Generates 25 percent of international arrivals Creates 45 percent of worldwide tourism receipts ... In addition, during 2002-2012, India and China (PRC) are forecast to experience annual growth in tourism demand of 10 and nine percent respectively, compared to a world average 4.5 percent.
"Moving into 2003, our forecast shows that business travel will resume as the economy recovers. ... Trying to match lower demand levels, many airlines have cut back on routes, number of flights and aircraft.
"Travel demands, patterns and expectations may have been changed for the long- term. ... After experiencing a 3 percent decline in 2001, business travel is forecasted to fall another 4.3 percent this year.