Data & Intelligence: Turn your data into a competitive advantage by leveraging business intelligence tools, forecasting, and AI to understand demand trends, set smarter prices, and make decisions with
Demand more at risk than rate Demand growth has slowed substantially across Europe with 21 of 31 forecast markets at reduced occupancy growth expectations for the year. ... Hotel rates remain sticky, despite the slower demand growth, and 18 forecast markets expect increases in average daily rate (ADR) this year.
Key Takeaways: Economy After 1Q25’s forecast release, CBRE cut its 2025 GDP outlook to 1.3% from 1.9%. ... STRs demand increased 6.0%, well above the 0.3% contraction in traditional hotel demand. STR share of total demand increased again in May to 13.9% compared with 13.2% in 2024.
Currently, IDeaS’ solutions have been implemented in 144 hotels across the Kingdom, with strong and growing demand projected for the future. ... Balancing their demand needs helps hotels optimize occupancy and revenue, ensuring sustainable growth and guest satisfaction.
Klaus explained that Spotlight takes demand intelligence from revenue management systems, such as forecasted occupancy and market demand, and presents it in a format that marketers can act on. ... This shared understanding helps ensure that campaigns are aligned with business demand, reducing wasted spend and increasing overall effectiveness.
Why the smartest hoteliers aren’t just forecasting—they’re outmaneuvering the market. ... It’s the difference between forecasting revenue and defining how to win.
The pace report, the pickup, the segmentation, the comp set, the forecast, or the last shred of my sanity? ... Forecast Reviews That Turn Into Therapy Sessions You came with numbers. They came with feelings. “Don’t you think we should do better?”
Have you ever found yourself buried in spreadsheets, trying to manually forecast your hotel's revenue? I’ve been there, and I know how frustrating and limiting those traditional methods can be. ... Airlines needed ways to dynamically adjust seat prices based on demand.
As leisure demand quickly recovered, corporate and group travel remained below the levels realized before the pandemic through 2023, with corporate travel ultimately becoming a smaller portion of the demand ... Group demand has since recovered, and visitation growth has stabilized to more normalized levels, as Visit Music City forecasts 2.3% growth in visitation over the next several years.
Travel companies including Delta Air Lines, Marriott International, and online travel agency Booking Holdings have withdrawn or revised their 2025 annual forecasts as U.S. demand softens.
NDC API integration enables airlines to implement more precise demand forecasting by analyzing real-time booking patterns, passenger behavior data, and market conditions, allowing carriers to optimize ... NDC travel agency platforms with bidding improve demand forecasting by using live market signals, not just historical data, enabling real-time inventory adjustments.
in both inbound and local demand. ... By the end of 2025, WTTC forecasts that the EU Travel & Tourism sector will reach almost €1.9TN, representing 10.5% of the EU economy.
Demand remains strong for high-quality spaces, with newly built assets accounting for over 80% of Q2 take-up. ... As forecasted, the first half of 2025 closed with solid investment growth.
These stay restrictions are typically determined well in advance by using a demand forecast. ... Use hotel demand forecasting and your own historical data to time this restriction precisely, or choose a smart tool that automates restrictions based on this data.
There are 3 ways to create a hotel marketing budget: Too Little – Take last year’s budget and add 10% Too Much – Take your top line forecast then budget 3-8% towards marketing Just Right – Follow the following ... market is heavily saturated with hotels of the same brand, we are not getting our fair share Scenario 2: Group PACE has dropped, so we are relying more on transient in specific quarters Scenario 3: Demand
A revenue management solution helps you adjust your prices based on real demand: when things are quieter, it can help cover your costs, and when demand picks up, it makes sure you’re not leaving money ... RMS takes this into account: temperature forecasts are already part of the pricing model so when demand shifts due to weather, your rates shift too. You can’t control the weather or the economy.
These shifts in hotel real estate come hand in hand with increasing efforts by most properties to diversify and differentiate offerings in order to meet fast-evolving customer demand and generate new revenue ... It doesn’t come as a surprise that this appears to be a growing market: owner representation accounts for an estimated 5% of the global construction consulting market, which is forecast to expand by 8%
This distinction is essential for understanding to which your hotel is attracting outside demand, for example, for spa services or F&B. ... Not differentiating between internal and external revenue: Without this, there is no complete picture of the performance or ability to attract outside demand of F&B, spa, and other outlets.
The hotel industry has spoken a single dialect for decades: RevPAR, occupancy rates, and linear demand optimization. ... Revenue managers can no longer be spreadsheet clerks forecasting demand in isolation.
To keep pace with demands for faster and more personalized service, hospitality’s future instead lies in embracing a more cohesive, modular, and integrated strategy towards property tech stacks; one that ... Another instance can be analyzing inventory usage to make accurate forecasts that avoid the risk of overordering or underordering items.