But WTTC forecasts are bullish for the longer term. ... He set the scene with forecasts showing that in Europe, even with a modest 1 per cent compound annual growth rate, almost half a million new hotel rooms would be needed to satisfy consumer demand over
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. ... WTTC forecasts the United States and Germany will be the two countries most affected by September 11, suffering decreases in travel and tourism demand of USD92.3 billion and USD24.7 billion respectively
The effects of this softer demand were offset by Candlewood's increased market share of the extended stay segment, due in part to its direct sales force efforts. ... "Industry specialists see increased demand by the corporate business traveler as the catalyst to a lodging industry rebound.
Sherwood has seen a month-by-month recovery in demand since September for its leisure products and expects to add another property to the hotel portfolio soon. ... Turnover in the first eight weeks of Thistle's new financial year is down 10% on the comparable period in 2001, leading the company's Chief Executive Ian Burke to remain cautious about forecasting trends
The report, a follow-up to Ernst & Young's National Lodging Forecast, provides a detailed analysis of the Florida lodging industry. ... Lauderdale and Jacksonville are next in line for recovery where steady corporate demand has mitigated the drastic impact felt by destinations driven primarily by leisure demand.
As a result, online travel revenues are forecast to grow sharply. ... Booking volumes are also forecast to climb, with the Travel Industry Association of America (1998) estimating that by 2002 between 6% and 10% of all travel reservations will originate on the Web.
Therefore, the economy explains 83 percent of the decline in lodging demand. This contrasts to the third quarter of 2001, when actual lodging demand decreased by 6.0 percent. ... The analysis is based on PricewaterhouseCoopers' proprietary econometric model; the change in demand elasticity to economic indicators explains the change in demand related to the economy.
Profit before tax amounted to E758 million, compared with a post-9/11 forecast of E700 million to E750 million, while earnings per share rose to E2.40 versus a previously estimated E2.30. ... The geographic balance and diversified nature of the Group's business portfolio helped to offset the negative impact of events on Luxury Hotels and on US demand.
It is designed to analyze the demand in the marketplace, match the most profitable demand to available inventory and manage room inventory by automating the decisions on what reservations to accept at ... what prices, by managing overbooking, availability and length of stay. e-yield is the only completely automated decision solution in the industry and the only solution to forecast group business
Of course the fate of the London market is inextricably linked to the forecast US recovery in the second half of the year. ... the EU presidency which should generate increased government and corporate hotel demand.
First- we need to be accurate with our revenue forecasts; Secondly- we must have very high customer satisfaction through proper support throughout the processes; Third- we insure employee retention through ... Its Interactive Digital TV (iTV) solutions provide Movie On Demand, Near Video On Demand, All-Day-Movies, Karaoke, Internet on TV, and High Speed Internet Connect services.
This decrease is mainly due to the fact that there were extraordinary profits of 29.6 million Euros in the year 2000 after the sale of four hotels and, especially, to the significant decrease in demand ... The impact of this decrease in demand can also seen from the comparison of net profits for the first three quarters of 2001 which, although they are compared against figures which already included the
"As the economy recovers, we expect lodging demand will return. Industry analysts are currently forecasting little supply growth over the next several years. ... The presentation will also be archived on the Company's website for on-demand viewing until March 31, 2002.
It is designed to analyze the demand in the marketplace, match the most profitable demand to available inventory and manage room inventory by automating the decisions on what reservations to accept at ... what prices, by managing overbooking, availability and length of stay. e-yield㤠is the only completely automated decision solution in the industry and the only solution to forecast group business.
Market researchers predict continued expansion in the touchscreen market, with some experts forecasting global demand for touch-enabled displays will reach US$4 billion in 2004. ... Researchers also estimate current market supply to be less than one-third to one-half of projected demand.
K-Mart is also redoing its demand-planning and forecasting software to get the right goods into stores, hoping to reduce the replenishment cycle from the current five- to seven-day levels to between 48
With a recovering economy, industry demand growth is expected to exceed supply growth by 2003. Meanwhile, the advantages of Marriott's strong brands have never been more apparent. ... We forecast that RevPAR will decline 2 to 3 percent in 2002 and house profit margins will decline by 1 to 2 percent.
It is designed to analyze the demand in the marketplace, match the most profitable demand to available inventory and manage room inventory by automating the decisions on what reservations to accept at ... what prices, by managing overbooking, availability and length of stay. e-yieldÔ is the only completely automated decision solution in the industry and the only solution to forecast group business.
"Because these operations were operated very lean even during peak demand periods, we have less options to reduce costs today." ... While it is impossible to predict the future or forecast when hotel demand will return to pre-September 11th levels, management teams are closely watching industry bellwethers in an effort to make prudent
GOP has increased to record levels, placing the industry in a better position than that of 1990 to withstand demand shocks. ... These forecasts do take somewhat of an optimistic view, although recent indicators, including the overall rise we have seen on the stock market, do give weight to this V style scenario."