Advanced Forecasting - The PROS hierarchical Bayesian forecasting system forecasts demand and cancellation patterns at the lowest level of detail including length of stay. ... PROS' solutions forecast demand, optimize inventory and provide dynamic pricing optimization to maximize revenue.
Forecast for most countries were adjusted upwards by several tenths of percentage points. ... Furthermore, for the midterm some pent up demand of postponed travel might be noticeable. For some destinations demand might be negatively influenced by the fact that operators have reduced capacity.
According to Jack Braman, Vice President of IT at The Venetian, "Our research showed IDeaS is the only company in the industry that forecasts group business and the only system to forecast length of stay ... Moreover, the only way to determine the most profitable mix of business in order to maximize revenue is to forecast demand for the entire inventory.
The forecasts are based on HRG/TWR proprietary forecasting models and reveal that most major lodging markets around the nation will bottom out in the second quarter of this year. ... According to HRG/TWR estimates, the stigma effect inflicted on lodging demand during September 2001 contributed to roughly 25 percent of the decrease in demand.
Marriott managers use Radiant Workforce Management to match associates' shifts with forecasts of room occupancy and events. ... Marriott now schedules resources more accurately to meet business demand, thereby reducing avoidable costs and optimizing customer service.
FORECASTING, EVALUATING & MANAGING GROUPS : The way hotels weave together transient and group business can be the key to revenue and profitability. ... Building on IDeaS superior group forecasting capabilities, Gaylord Resorts and Hilton International contributed to developing enhanced group forecasting, group evaluation and group management capabilities
Among the few properties that had installed legitimate energy control equipment (e.g. power demand controllers, load cyclers), results were reported to be generally good. ... Two technically strong companies are even testing net-based forecasting and revenue management. Meanwhile insidious telephone scams bedevil hotels.
Otherwise, more advanced Yield Managers, requiring a more hands-on approach, are fully supported by Maestro's wide range of performance and forecasting reports. ... This complete Web-enabled and multi-platform (Windows 9X/NT/2000, Unix AIX/SCO/Linux, Terminal Server & Web Enabled) solution is recognized as the solution of choice for progressive and demanding organizations
MANU , the leading provider of Enterprise Profit Optimization (EPO) solutions that help companies enhance margins by lowering costs and improving revenues across their supply-demand networks, today announced ... Central to their future business success is the requirement to accurately forecast demand for flights, accommodation, packaged holidays and ancillary products, such as car rentals or excursions.
According to Baumgarten, a massive worldwide rebound will occur in 2003 with global travel and tourism demand forecast to increase in real terms by six per cent. ... hold a press conference at 1100h on Friday 17 May 2002, where WTTC President, Jean-Claude Baumgarten, will outline the work of the organisation over the past twelve months, recent tourism economic forecasts
Among the speakers and topics: Carol Brooks, president, On Demand Consulting, will discuss "What's New in Technology and Distribution that Impacts Revenue Management;" Mark Lomanno, president of Smith ... Travel Research and Valyn Erickson, principal consultant, PWC Consulting, will provide an "Industry Update and Forecast;" and Rich Siegel, publisher and editor of Hospitality Upgrade, will moderate a panel
Global Meeting, London -- WorldRes.com , a leading online hotel reservation network, today announced WorldResults (TM) a complete suite of online marketing tools including distribution, management and demand ... Web Reports -- Properties forecast reservations and revenue growth with WorldRes' automated reports.
"Since Edmonton is both the provincial capital and the blue-collar capital of Alberta, the diversified guests that come to our property put high demands on our management, staff, and systems," says Rowlette ... "If Maestro forecasts we will be oversold, I take action quickly to relocate other guests, as we were required to do recently.
However, operating results were significantly improved when compared to the fourth quarter of 2001 as a result of an improving demand environment, a continued focus on cost control and a significant increase ... Combined with tight cost controls, we now expect to exceed our earlier forecasts and feel comfortable raising our annual estimates.
But WTTC expect that after a year of recovery in 2002, a massive worldwide rebound will take place in 2003 with Caribbean tourism forecast to increase by 7.1 per cent, higher than the global forecast of ... BACKGROUND INFORMATION WTTC: 2001/2002 Combined Travel & Tourism Demand Loss From Previous Forecast (US$ million) Caribbean Ranking 1 Dominican Republic - 837.2 2 Puerto Rico - 589.0 3 Jamaica - 298.84
According to Baumgarten, a massive worldwide rebound will occur in 2003 with global travel and tourism demand forecast to increase in real terms by six per cent. ... India is expected to grow at a rate of 9.7 per cent over the next ten years, with China in third place with forecast growth of 8.5 per cent.
The increased forecast reflects the strength of the Company's businesses and the anticipated results of the previously announced acquisitions of Trendwest Resorts, NRT Incorporated, and Arvida Realty Services ... While the terrorist incidents of September 11 caused a significant decrease in the demand for travel-related services and, accordingly, reduced the booking volumes of Galileo and our travel agency businesses
This is used to derive a representative forecast of income and expense for each market, which reflects demand and supply conditions prevailing over the year. ... Generally, markets depending largely on American and European demand, both commercial and leisure, are likely to be affected more severely than markets that rely more on regional demand.
The world's major tour operators say these efforts are beginning to bear the fruit with a rekindling of tourism demand. ... While tourism demand is slowly returning, the crisis has changed the face of the airline industry forever.
Through its research, WTTC estimates the impact of September 11th will cause a 7.4 per cent decline in travel and tourism related demand in years 2001 and 2002 combined, which will result in a total worldwide ... According to WTTC's research, a massive worldwide rebound will occur in 2003 with global travel and tourism demand forecast to increase in real terms by six percent, expected to result in the creation