HITEC 2001 - Exhibitor Tutorials
Were forecasts exceeded or missed? Do same day RevPAR, occupancy and labor costs match last year's numbers? ... The newspaper industry is changing to meet the demands of the traveling reader.
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HITEC 2001 - Monday Pre-Conference Wrapup
cost-volume-profit analysis to determine the breakeven point of a hospitality business Cash Management and internal controls to prevent fraud and theft in a hospitality business Understand how to forecast ... What features were demanded by our customers' needs? What features did we require to effectively operate our hotel?
Ernst & Young's Hospitality Group Offers Advice to Hotel Owners and Operators - Lodging Pros Offer Strategies in an Economic Slowdown
Falling GDP forecasts, decreases in consumer confidence and corporate layoffs are daily headlines, each attempting to characterize and quantify the current economic slowdown. ... amount of traveling, resulting in less group meetings and room nights being generated for hotels in cities such as Manhattan which rely on the corporate segment for a significant component of room demand
Inntegral to Launch New Hotel-Chain IT Consolidation and Analysis System at HITEC 2001
A powerful new IT system for data consolidation, budgeting, forecasting and analysis tailored for hotel chains and management companies, is to enjoy its international launch later this month at HITEC 2001 ... "We saw a need for consolidating hard data in such a way as to facilitate analysis and take a lot of the guesswork out of budgeting and forecasting."
HVS Hospitality Enews - W/e 25 May 2001
The Dubai government is forecasting 10 million tourist arrivals by 2010, with major hotel investment planned. ... Absolute Share Price Performance Over the Past Week 17/05/01- 24/05/01 HVS International was established in 1980 to satisfy the growing demand for reliable and well-documented hotel market studies and
Technological Facelifts: Wingate Adapts Kiosk To Meet Guest Needs
As a result, Wingate's franchisees demanded that the kiosk get a facelift: either enhance it and drive users to it, they said, or eliminate it from the amenity offerings within the Wingate concept. ... The new kiosk also features a USA Today national information module, from which guests can access weather forecasts and local and national news.
Guest-Tek closes third-round financing; Broadband Internet access leader poised for dramatic growth
This trend is supported by PricewaterhouseCoopers, which forecasts an 80 per cent increase in hotel rooms with high-speed Internet access this year. ... "Our latest financing will strengthen our ability to meet the increased demand for high-speed access we've witnessed since the industry moved from a revenue-sharing model to the current sales and service
PricewaterhouseCoopers Forecasts Lodging Industry Rebound in 2002
Lodging Industry Forecast calls for a dramatic increase in RevPAR (Revenue Per Available Room) growth in 2002 to 4.3 percent, compared with the firm's forecast RevPAR growth of 2.8 percent in 2001--the ... Room occupancy in 2002 is forecast to be 63.2 percent, up from the forecast of 62.9 for 2001.
IDeaS, Inc. Wins World Class Solution Award - IDeaS' Revenue Management Solution Wins DM Review's Analytic Application Category
The only completely automated decision execution solution in the industry, e-yield is also the only solution to forecast group business, transient and special events, and the only solution to calculate ... the value of each type of demand.
Park Hyatt Tokyo Installs IDeaS Revenue Management Solution
The only completely automated decision solution in the industry, e-yield is also the only solution to forecast both group and transient demand, and the only solution to calculate the value of each type ... of demand.
West Los Angeles And Santa Monica - Hotel Market Overview
Since 1990, the supply of hotel rooms in Los Angeles has increased by 8,320 rooms, only 0.9 percent, compared to a CAGR in demand of 2.2 percent. ... This continuing disparity between supply and demand in Los Angeles has kept occupancies strong throughout the county.
New Software Helps Hospitality Industry Increase Profits- Hospitality Plus saved $100,000 for Scottsdale Conference Resort
Hospitality Plus helps hotels and resorts achieve significant savings in labor costs by accurately forecasting needed labor, without compromising service levels. ... In an industry with constantly fluctuating demand, forecasting labor is always difficult, and often results in overstaffing in some areas, while understaffing in others.
Foodservice Industry to Build Bottom Line in Economic Downturn through New Business Intelligence Tool
RDX also tracks product sales, thus enabling restaurant managers to forecast demand and adjust product supply to reflect consumers' purchasing trends - key advantages in identifying, attracting, and maintaining ... An independent market research study commissioned by Gazelle determined that great demand exists for actionable business intelligence in full-service chain management.
IDeaS, Inc. Announces Opening of New Office in Hong Kong
The only completely automated decision solution in the industry, e-yield is also the only solution to forecast both group and transient demand, and the only solution to calculate the value of each type ... of demand.
HSMAI Debuts 2001 'Executive Think' Series With Understanding Global Markets: The World Is Your Backyard
Are we in the midst of a viscous cycle whereby layoffs affect confidence and demand, or will policy action and new technology restrain the economy from recession? ... Consumers more and more demand products tailored to their own personal needs. They will always want and pay a bit more for the human touch and the service tailored just for them.
Le Parker Meridien New York Turns on IDeaS for Its Revenue Management Solution
The only completely automated decision solution in the industry, e-yield is also the only solution to forecast both group and transient demand, and the only solution to calculate the value of each type ... of demand.
Ernst & Young's Hospitality Group Offers Construction Advisory Service - Lodging Pros Help Owners Mitigate Risk Factors and Streamline Process
With over 1,200 new lodging properties and a total of 139,064 rooms scheduled to be completed in 2001, and industry demand growth anticipated to increase at approximately the same pace as supply, savvy ... functions of the owner and construction manager to help make sure that the reporting is accurate and timely; tracks all job cost/budget revisions and change orders; and finally, assists with ongoing forecasts
WTTC Announces Vancouver, Canada as Site for International 2001 Leaders' Symposium
Delegates will join WTTC Members to review global demographic trends and their impact on international employment, work forces and consumer demand for travel and tourism within the next five years. ... For Symposium updates or more information on the WTTC and simulated Tourism Satellite Account forecasts for 160 countries visit www.wttc.org .
IDeaS Names Gale Ward Vice President of Marketing and Business Development
The only completely automated decision solution in the industry, e-yield is also the only solution to forecast both group and transient demand, and the only solution to calculate the value of each type ... of demand.
Lodging Industry Will Experience Weakest RevPAR Performance Since Early 1990s; U.S. Economy Slows Faster Than Expected, and Consumer Confidence Declines
NEW YORK -- Recent economic news has prompted downward revisions to real GDP growth forecasts for 2001. ... Real GDP growth is forecast to slow to 2.2 percent for 2001. PricewaterhouseCoopers forecasts room demand will expand by only 1.9 percent and average daily rates will increase by 3.8 percent.