"demand forecasting" - Search

June 30, 2022

Protecting Hotel Online Reputations from Staffing Setbacks

Our fingers are crossed that this summer plays out as forecasted, with a genuine travel recovery scenario leading to big boosts of occupancy for properties big and small, urban and resort, and in all countries ... “This stretch of pent-up travel demand will come and go until we regain some semblance of normalcy, but those bad reviews on TripAdvisor and other OTAs are there for all to see,” said Kessler.

By Larry Mogelonsky and Adam Mogelonsky

Supplier News Technology

June 29, 2022

Amadeus Launches New Market Forecast Capability to Help Hoteliers Accurately Track Revenue and Manage Costs

term demand for hotels in their market. ... To find out more information on the forecasting capabilities of RevenueStrategy360™ please visit our website .

Amadeus Hospitality

Opinion Article Markets & Performance

June 29, 2022

Nashville Hotel Market Continues Its Path to Recovery

While there is still a way to go before reaching full recovery, lodging demand has already reached levels that even the most positive forecasts at the peak of the pandemic did not project, supported by ... Nashville 2022–2024 Forecast Major factors contributing to our forecast are summarized as follows: Nashville realized a surge of travel in the latter half of 2021, evidenced by a significant increase in

By Marc Greeley, Director, HVS Nashville, HVS

Nashville, Tennessee, United States

Supplier News Markets & Performance

June 28, 2022

Hotel Technology Investments Now Stronger Than Ever

in tech adoption includes hoteliers' heightened focus on revenue, their need for controlled automation, their desire to deliver more personalized offers, and to better track and understand shifting demand ... “Demand patterns have never been more unpredictable than they are today. Historical data is obsolete. As such, we need tools and solutions that take a forward-looking demand approach to revenue.

Duetto

Press Release Markets & Performance

June 26, 2022

STR: Canada hotels post highest rates since September 2019

“The main recovery driver is still strong leisure demand, as a surplus in household savings is being spent on travel and hotels,” Baxter said. ... The most recent forecast for 2022 has been revised upward based on ADR rising quicker than expected.

CoStar

Canada

Press Release Sales & Marketing

June 26, 2022

Travel confidence boosted as more than half of global tourists are unconcerned about the spread of COVID-19, finds GlobalData

According to GlobalData’s latest forecasts, on a global scale, international departures will reach 68% of pre-COVID levels in 2022. ... There is reason to be cautiously optimistic for the return of travel demand as growth in international travel is finally expected in 2022.”

GlobalData Plc

Supplier News Technology

June 23, 2022

Starboard Hotels Shines Bright with Infor

The solution features deep-learning algorithms that dynamically recognise patterns to ensure optimal and accurate business forecasts, pricing and selling strategies. ... “The reporting functionality of EzRMS has always been great, with the forecasting capability, in particular, most beneficial to the business.

Infor

United Kingdom

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Why Hospitality Net Leads B2B in Hospitality

Learn what makes us the industry-leader in what we do.

Hospitality Net

Supplier News Technology

June 23, 2022

Dimension Hospitality Expands Relationship with myDigitalOffice

For business planning purposes, Dimension has been leveraging MDO for hotel budgeting and forecasting specifically, for many years. ... “Owners demand maximum ROI, and that cannot be achieved when operating the business with stale data,” said Matthew Schupbach, Assistant CFO, Dimension Hospitality.

Otelier

United States

Ad Be seen. Be trusted.

Why Hospitality Net Leads B2B in Hospitality

Learn what makes us the industry-leader in what we do.

Hospitality Net

Supplier News Sales & Marketing

June 23, 2022

IDeaS Introduces Channel Forecasting for G3 RMS, Delivering Pivotal Insights into Channel Demand and Costs

Channel-demand forecasting – The new dashboard delivers real-time insights to better understand and forecast future occupancy, costs, and net KPIs, by channel to aid in optimizing commercial strategies ... Channel forecasting for G3 RMS empowers IDeaS’ clients with a distinct competitive advantage as travel demand surges once again.”

IDeaS

Opinion Article Technology

June 23, 2022

How a Holistic PMS and Booking Engine Solve Labor Shortages

Epitomized by the perseverance of fully refundable rates and zero-fee cancellations long after their pandemic-born justification, this trend of flexibility and on-demand ordering affects ancillary revenue ... Just as your business needs and customer demands evolve, so too are the top software suppliers working to keep up with this progression.

By Larry Mogelonsky and Adam Mogelonsky

Opinion Article Development

June 22, 2022

Highlights From NYU Investment Conference

STR forecasts ADR to grow to $145 in 2022 and $155 in 2024 for the United States as a whole, up from $125 in 2021. Demand growth : Room demand has grown to 95% of 2019 levels since last summer. ... The largest demand gap remains during business travel days as weekend demand has been exceeding 2019 levels. Certainly, demand growth has not been equal across the nation.

By David Sangree, MAI, CPA, ISHC, is President of Hotel & Leisure Advisors, Hotel & Leisure Advisors (H&LA)

New York, United States

Press Release Markets & Performance

June 22, 2022

U.S. Travel Forecast: All Sectors Projected to Surge in Short Term, but Headwinds Are on Horizon

in the short term due to pent-up demand and consumer savings. ... Travel expects to next revise its biannual forecast in fall 2022. Please click here to see the full forecast.

U.S. Travel Association

Supplier News Technology

June 21, 2022

M3 Adds 7,000th Hotel as Record Growth Continues

Labor shortages and evolving owner demands put a new focus on the necessity for advanced financial reporting and accounting, data management, forecasting, and accurate labor management.

Press Release Sales & Marketing

June 20, 2022

Radisson Hotel Group drives revenue management innovation and celebrates the expansion of The Club by Radisson Hotel Group

As travel returns to pre-pandemic levels in many EMEA markets, Radisson Hotel Group has launched new strategic revenue targets to capitalize on the increase in demand and adapt to consumers’ new booking ... Radisson Hotel Group established new ambitious KPI targets and implemented RevPlan by IDeaS, an automated forecasting system for all revenue streams.

Radisson Hotel Group

Supplier News Human Resources

June 20, 2022

UniFocus Helps Prepare Future Hospitality Leaders with Donation of Labor Management Technology to The Union Club Hotel at Purdue University, Autograph Collection

The advanced tools allow the company to more accurately forecast projected service demand volumes by the hour and by department, limiting the risks of under- or over-staffing. ... Leveraging system analytics and multi-variable forecasts to ensure that budgeting processes are aligned with projected service demand.

Unifocus

West Lafayette, Indiana, United States

Supplier News Markets & Performance

June 16, 2022

Global Hotel Occupancy Surpasses 2019 Levels for the First Time Since the Pandemic Started

With two years of summer holidays lost to COVID-19 restrictions and uncertainty, there is huge pent-up demand for travel as we enter the 2022 summer season. ... With high demand, the transient average daily rate (ADR) hoteliers are able to achieve has been building steadily from a global low of $83 in April 2020.

Amadeus Hospitality

Opinion Article Markets & Performance

June 15, 2022

NYU Conference Takeaways: Despite Some Challenges, The Hospitality Sector Is Still Looking Good

Recession Forecasting Mixed The tale of the looming recession was mixed, with some forecasting a shallow, short-lived recession, and others expecting a more significant impact. ... Ramping up staff will be critical in order to manage the returning wave of group demand.

By Rodney Clough, President - HVS Americas, Denver, HVS

United States

Supplier News Technology

June 15, 2022

Oakwood Hospitality: Moving From Excel to an RMS

Raphael uses ScoreBoard for both short-term and long-term forecasting, fitting with the business models of the various Oakwood properties. ... “We now do all of our forecasting and budgeting in Duetto, which before was on Excel. That was a very fast and big value-add,” explained Raphael.

Duetto

Supplier News Sales & Marketing

June 15, 2022

Swire Hotels Turns to IDeaS for a Unified Revenue Management Solution Across Properties

Investigator’s charts, tables, and descriptions quickly inform factors that influence prices and forecasts, providing clarity around (and confidence in) the key drivers behind pricing decisions and the ... demand forecast.

IDeaS

Singapore

Opinion Article Development

June 14, 2022

Inflation’s ripple effect: High debt costs - a risk for hotel investors

Many loans are now being demanded back by governments eager to balance their books. ... Lenders who have been lenient so far are expected to lose their patience, and hotels are forecast to sell rather than refinance.

By Alex Sogno, CEO, Global Asset Solutions