"demand forecasting" - Search

December 14, 2020

Building Total Guest Revenue for a Profitable Future through Seamless Self-Serve

Indeed, hotels have already addressed the new demand for this 'seamless self-serve' with guest messaging apps, self-check-in or check-out, mobile room keys and a myriad of other software integrations. ... marketing approach, but it will also help rein in staff costs because manual transfer between disconnected systems is no longer necessary and more prearrival service arrangements will let you better forecast

By Larry Mogelonsky and Adam Mogelonsky

Opinion Article Sales & Marketing

December 10, 2020

How To Choose An RMS That Is Right For You?

That will help you navigate through the volatile demand easier. ... In addition, make sure to ask about the market signals that are ingested by the forecasting algorithm to identify strength of demand.

By Ira Vouk, Hospitality Tech and AI Consultant, Hospitality 2.0 Consulting

Supplier News Technology

December 9, 2020

Boutique Anatolia Hospitality Group Selects IDeaS G3 Revenue Management System

Insight into future demand - IDeaS' ability to provide the hotel with data-driven, precise forecasts will empower the management team with the insights it needs to navigate the future, particularly in ... Cheryl Hawksworth, managing director, EMEA, IDeaS, said: "Even through volatile business periods, hotels are still able to benefit from solid analytics to understand where demand is going to come from

IDeaS

Greece

Opinion Article Technology

December 7, 2020

Enabling the Next Normal of Happy Hour Dining

One such behavioral shift that we've seen from this past summer is the heightened demand for outdoor dining. ... This can let you keep a sharper eye on inventory management, while also aligning the weather forecast - that is, sunny days equal more patio dining demand - will help you finetune staffing requirements

By Larry Mogelonsky and Adam Mogelonsky

Opinion Article Sales & Marketing

December 3, 2020

On the journey to post-pandemic recovery, hoteliers need to be clever about which revenue intelligence solutions they invest in

Pre-COVID-19, conventional yield management wisdom dictated that hotels should be increasing room rates in parallel to pace and demand going up. ... With clearly visualized data in dashboards, Revenue Managers can identify opportunities, spot trends and improve their forecasting.

By Michail Tzouvelekis, Director of Global Marketing, Fornova

External Article Sales & Marketing

December 3, 2020

Revenue managers who play a pivotal role in demand generation will transform their careers

Stein: In a period like this, a revenue manager has to provide more value to everyone in the hotel above forecasting and pricing. ... For example, they need to understand if the main source of demand is direct or from online travel agencies, the main types of guests that are coming to the destination and how they plan to attract them

Fornova

Supplier News Sales & Marketing

December 2, 2020

OTA Insight Announces Atomize is First RMS to Ingest Company's Revolutionary New Forward-Looking Data Sets

For hoteliers, this provides a unique competitive advantage and the ability to analyze behaviour earlier in the traveler journey, providing more accurate forecasts of demand, revenue and profitability. ... Market Insight is the only solution in the market that delivers a blend of aggregated sets of data to power demand forecasts in a single platform, empowering users to see when and where customers are looking

Lighthouse

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Why Hospitality Net Leads B2B in Hospitality

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

Hospitality Net

Ad Guide

The next-gen metrics that move hotel P&L

Hotel tech has changed what's possible – and measurable. RevPAR and ADR aren't enough; discover the metrics that really matter.

Mews

Ad Guide

The next-gen metrics that move hotel P&L

Hotel tech has changed what's possible – and measurable. RevPAR and ADR aren't enough; discover the metrics that really matter.

Mews

Press Release Markets & Performance

December 1, 2020

PwC: Significant spike in daily COVID-19 cases expected to prolong recovery of the US lodging industry

Trends and highlights It has been an uneven recovery, with destinations reliant on business, group and international demand suffering the most. ... Continued uncertainty and flexible booking policies are resulting in the majority of guests booking within 24-48 hours of arrival, straining forecasting and staffing models.

PwC (US)

United States

Video

November 30, 2020

Hotels of the Future Webinar - Forsters LLP

While regional hotels have managed to capitalise on UK staycation demand during the summer months, London hotels have been severely hit by the lack of corporate travel and a sharp drop in RevPAR levels ... operations, and this may have a permanent impact on staffing and services in the future.• Valuations have been affected by three key factors: the lack of transactions above £10 million; difficulties in forecasting

PwC (UK)

Opinion Article

November 24, 2020

Top 10 hotel trends in 2020: Are they here to stay?

This will be positive for driving occupancy to allow group demand to climb back to historic levels. 9. ... Hopefully, they will be replaced by group and corporate demand that had formerly used the hotel properties.

By Heidi Banak, Marketing Coordinator/Research Analyst, Hotel & Leisure Advisors (H&LA)

Press Release Sales & Marketing

November 19, 2020

Technology-Driven Insights Are The Secret To Hotels Winning More Heads On Beds

We are seeing a slow recovery in the leisure sector with demand being captured through online channels, direct and indirect bookings as well as through tour operators and bed banks. ... Consumer demand has changed, competition is fiercer than ever and the tools available to hotels to attract demand have flourished.

By Nir Dupler, Chief Revenue Officer, Fornova

Opinion Article Sales & Marketing

November 18, 2020

Can Premium Room Types Save The Hotel Industry?

CBRE forecasts an annual occupancy level of 41.0 percent for 2020 , with luxury hotels being the hardest hit at only 33.4 percent for the year. ... Ideally, that will be the topic of conferences in 2021 when we see business travel on the rise and leisure travel booming as pent up demand results in a lot of vacations next year.

By Brian Shedd, Senior Vice President, Pure Wellness

Press Release Markets & Performance

November 18, 2020

Kalibri Labs Ahead of the Curve: Miami, FL

The Miami 2020 RevPAR contraction, while significant, compares favorably with forecasts across the 65 markets tracked closely by CBRE (In contrast, Boston RevPAR is forecast to decline by 76.8% in 2020 ... at a comparatively high Average Daily Rate. 2018 was a record year for demand from these two sources.

Kalibri

Miami, Florida, United States

Opinion Article Markets & Performance

November 18, 2020

Lodging Recovery in Boston & Cambridge Driven by Leisure Demand as Market Faces Increases to Supply

We have forecasted this trend to continue through the first half of 2021. ... Leisure demand was on the rise through much of the summer and fall months.

By Sebastian Colella, Vice President, Pinnacle Advisory Group

Boston & Cambridge, Massachusetts, United States

Opinion Article Sales & Marketing

November 18, 2020

Unboxing revenue management, from revenue systems to revenue strategy

Here it is used to deploy strategies to create and manage demand. Such companies are "revenue strategy-centric." ... Some of the revenue management systems these days are highly automated and can spew forecasts with varying degrees of probabilistic computations.

By Sharad Kapur, Revenue & Distribution Strategist, Estilo Hospitality

Appointment

November 16, 2020

Jamie Lane has been appointed as Vice President of Research at AirDNA

During his time as senior director of research for CBRE Hotels, Jamie led all aspects of research, forecasting and data intelligence. Mr. ... Lane has done extensive research on the determinants of hospitality demand and created models for profit, average daily rate, supply, and demand forecasting.

AirDNA

Press Release Markets & Performance

November 13, 2020

2020 U.S. hotel forecast slightly upgraded; full recovery still unlikely until 2024

With leisure demand stronger than anticipated in the fall, STR and Tourism Economics slightly upgraded the final 2020 U.S. hotel forecast just released during the virtual NYU Hospitality Conference . ... STR and Tourism Economics project the industry will recapture 80% of demand by the end of 2021, although RevPAR will be 34.2% lower than in 2019.

CoStar

United States

Press Release Food & Beverage

November 11, 2020

From Comfort Food to Carob and Wanderlust-Inspired Wines: The Pandemic is Shaping the Way Consumers Eat and Drink

Kimpton saw a rise in demand for do-it-yourself restaurant-quality food that can be easily prepared or heated up with simple instructions at home. ... Expect to see a demand for dual-purpose mocktails and cocktails with lower ABV with ingredients like honey, ginger, green tea, lemon, vegetables and herbs.

IHG

Opinion Article Operations & Strategy

November 10, 2020

The Serviced Apartment Sector in Europe – Changing Gears?

During a demand shock such as COVID-19, revenue can fluctuate significantly in a short period of time; a low operating expense structure helps to better absorb those demand shocks. ... Unsurprisingly, market segmentation changes included an increase in leisure demand and the addition of key workers as a new source of demand.

By Arlett Hoff and Maria Coll

Press Release Markets & Performance

November 9, 2020

Baird/STR Hotel Stock Index mostly flat in October

We publish a revised forecast during NYU's upcoming virtual conference, but the industry should not expect much improvement from the previous version." ... We publish a revised forecast during NYU's upcoming virtual conference, but the industry should not expect much improvement from the previous version."

CoStar