Accommodation Construction Forecasting 
Hotel Management
AUGUST 15, 2023
In her keynote speech at the 2023 GBTA Convention, GBTA Chief Executive, Suzanne Neufang, admitted the association got the forecast wrong last year – expectations were for a mid-2026 forecast – but there were no complaints about getting it wrong as she was thrilled with the renewed optimistic outlook.
Hotel Management
MAY 1, 2023
The 160-key lyf property, on Sussex Street in Sydney, is the third Australian property for the co-living brand and follows the opening of lyf Collingwood in May 2022, with a Bondi Junction property, currently under construction, due to open next year. Ascott is aiming for a mid-2025 opening.
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Hotel Management
JULY 26, 2023
Australia’s accommodation market has continued to expand with the opening of around 3,420 rooms through 2022 in the 10 major markets. 2023 now presents as the peak of the hotel accommodation supply cycle. This will result in a 10% increase on the December 2021 base inventory.
Hotel Business
SEPTEMBER 12, 2024
Hotel Construction Pipeline Trend Report paints a picture of robust growth and strategic focus. As economic conditions evolve, particularly with anticipated interest rate reductions, we can expect to see many of these planned projects move swiftly into the under-construction phase. Lodging Econometrics’ (LE) Q2 2024 U.S.
Hotel Business
MAY 15, 2023
According to the latest China Construction Pipeline Trend Report from Lodging Econometrics (LE), China’s total hotel construction pipeline stands at 3,659 projects/680,959 rooms at the end of Q1‘23, down 1% by projects and 3% by rooms year-over-year (YOY). In the first quarter, China opened 78 hotels/14,335 rooms.
Hotel Management
AUGUST 8, 2024
Growth rates are subdued across the region driven by weaker than forecast inbound tourism and persistent levels of inflation and interest rates. The regional workers’ accommodation fund is witnessing high demand and oversubscription.
eZee Absolute
DECEMBER 7, 2023
This myth has gained momentum because RM services are being adopted majorly by high-end accommodation providers. Myth #5: Budgeting and demand forecasting aren’t important in revenue management When it comes to hotel revenue management, budgeting and demand forecasting play a crucial role. Again, this is not true.
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