In its new report, “Forecast in Flux: 2025 Deloitte Corporate Travel Survey,” Deloitte examines what is shaping the corporate travel landscape and what that means for travelers, their companies and travel ... Events and training and development drive travel demand: Two-thirds of travelers surveyed have or expect to travel for a live event, while nearly half (49%) either have or expect to travel for training
STR demand share of 16.0% in July is nearing its pandemic era peak. STR demand increased again in July, up by 3.6% y/y outpacing the 0.3% decline in hotel demand. ... Competition from alternative lodging options continues to hamper hotel demand.
The company identified the need for a more advanced revenue management platform capable of delivering precise pricing, forecasting, and inventory control. ... We needed an RMS that would allow us to set rates based on accurate demand forecasts rather than relying on intuition. Since adopting the solution, the difference has been like night and day.
While it’s no secret that demand for wellness continues to increase across all sectors, today’s travelers are redefining what that means within the hospitality space, seeking experiences that extend well ... Global technology research and advisory company, Technavio, forecasts the sports tourism market to grow by USD 77.1 billion from 2024 to 2028.
monitoring from regional HQ to remote island resorts Data-driven decisions-making Advanced cloud solutions provide at-a-glance dashboards and deep reporting on room occupancy, revenue analytics, forecasting ... Decision-makers get actionable insights, not just raw numbers Revenue management teams optimize rates and promotions instantly, harnessing live demand curves Personalizing guest experience Modern cloud
In her previous role as Director of Operations and Analytics, Vassell-Jacob led several key initiatives, including enhancing HIA's budgeting and forecasting, helping to develop HIA's business intelligence ... I am confident that she will continue to contribute to our ongoing success. " " I am excited and honored to take on this new role, " said Kimberly Vassell-Jacob. " Our fast growth demands scalable, streamlined
From Firefighters to Forecasters Let’s be honest: most hotels still run on a patchwork of systems. PMS, channel managers, POS, spreadsheets. ... AI helps leaders: Spot Non-Obvious Demand: Instead of chasing OTAs, leaders will capture micro-signals, local events, weather trends, even corporate flight data, that point to unserved demand.
The semi-annual report conveyed the latest opinions, experiences and predictions of 81 hotel asset managers on topics ranging from RevPAR forecasts to demand concerns. ... Sorensen, HAMA president Highlighted results include: The top three most concerning issues are demand, ADR growth and tariffs.
In response, hotels are adopting real-time, demand based pricing strategies to react quickly to demand changes during events or peak times. ... This flexibility helps them capitalise on high-demand periods even if overall occupancy is low.
Hotels would routinely: Underprice rooms during high-demand periods Miss demand spikes tied to events or weather Make critical pricing decisions with blind spots that cost them up to 10% of revenue As ... Demand Forecasting That Goes Beyond History Legacy forecasting relied heavily on past data.
reduce errors, and give decision-makers real-time visibility into performance—allowing operators to focus on service excellence and strategic growth. 1) Labor Costs and Inefficiency Manual accounting demands ... spikes, launching a last-minute package deal, or reallocating staff based on occupancy forecasts.
Hoteliers face a marketplace defined by uncertainty: shifting demand patterns, evolving technology, rising operating costs, and persistent talent pressures. ... Forecast labor needs with precision. Enhance housekeeping and maintenance productivity.
We’ve seen measurable improvements in forecast accuracy, distribution efficiency, and overall profitability, particularly during high-demand periods. ... It’s prompted improvements in how we align marketing with demand, and how we plan guest experiences based on real-time data, not assumptions.
The ideal candidate is commercially minded, analytical and adept at understanding market trends and demand forecasts .
Predictive analytics are further used in demand forecasting and operations optimization. Also, AI-powered guest feedback analysis and employee management have become possible today.
With rural locations accounting for 79% of searches for fall stays in the U.S., the demand for breaks surrounded by seasonal scenery is clear, and we hope HomeToGo’s Fall Foliage Index helps travelers ... and Top Trending Destinations Destinations in the U.S. account for two-thirds (68%) of searches for fall trips among American travelers — a +6% increase in comparison to 2024, according to HomeToGo demand
When booking windows shrink and guest commitment levels drop, forecasting demand becomes more difficult. ... Tracking demand signals, forecasting accurately and dynamically adjusting rates will help you turn volatility into opportunity.
Predict demand : From citywide events to holiday surges, AI models forecast how demand will rise or fall. That foresight helps leaders staff smarter, manage inventory, and keep occupancy healthy. ... AI tackles this head-on by linking demand forecasts directly to operational planning.
Purchasing & Procurement: Quality Ingredients First Chefs don’t over-order lobster tails without a forecast, nor do they source from suppliers who can’t guarantee consistency. ... An accurate inventory prevents duplication, ensures teams are fully equipped, and supports better forecasting during budget season.
In his new role, Travis will oversee pricing strategy, inventory control and demand forecasting to maximize revenue and profitability while aligning with the property's overall business goals. ... The resort's anticipated grand opening is forecasted to have a sizable impact on Santa Cruz's local market, positioning the idyllic coastal town as a destination for regional, national and international