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hotel forecast released at the NYU International Hospitality Investment Forum. Given Q1 underperformance and elevated macroeconomic concerns, forecasted growth rates were lowered across the top-line metrics: supply (down 0.1 Hotel Forecast Through 2026 appeared first on LODGING Magazine. percentage points), demand (down 0.6
hotel forecast revision of 2024. percent, after the previous forecast projected the metric to remain steady from 2023. percent, after the previous forecast projected the metric to remain steady from 2023. Hotel Forecast in Final Revision of 2024 appeared first on LODGING Magazine. percentage points to +1.5 ppts to +1.4
DALLAS, TexasCBRE forecasted that revenue per available room (RevPAR) will grow modestly in 2025, driven by the continued outperformance of urban locations benefiting from increased group and business travel, as well as a projected rise in demand for drive-to and regional leisure destinations. CBRE projected a 1.3 CBRE projected a 1.3
hotel forecast of 2025 released at the Americas Lodging Investment Summit (ALIS). For 2025, projected gains in average daily rate (ADR) and revenue per available room (RevPAR) were unchanged from the previous forecast, +1.6 Hotel Forecast of 2025 appeared first on LODGING Magazine. percent and +1.8 percent, respectively.
Every sales forecasting model has a different strength and predictability method. Your future sales forecast? It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Sunny skies (and success) are just ahead!
With Asia Pacific tourism forecast to surge to 813.7 Asia Pacific is experiencing a surge in tourism, and technology is at the heart of making the most of this opportunity. By embracing technology, hoteliers can turn one‑off visitors into loyal, repeat guests that boost revenue.
With nine new direct services, primarily from Southeast Asia and the Middle East, Perth is forecast to experience the highest percentage growth in international arrivals, with 298,000 new short-term arrivals, generating an expected 339,000 additional room nights.
This year’s domestic travel forecast is an increase of 1.7 AAA’s Independence Day forecast includes two weekends instead of one to better reflect the flow of holiday travelers. —AAA projects that 72.2 million travelers compared to last year and 7 million more than in 2019.
Event-related occupancy forecasts are particularly impressive, given STR and JLL report Melbourne has welcomed 81 new hotels and over 5,200 rooms in the five-year period between 2019 and 2024, with another 2,000 rooms still to come, said Accommodation Australia (Victoria) General Manager, Dougal Hollis.
Based on CBREs February 2025 Hotel Horizons InvestmentPerformance forecast, this trend is […] The post All Eyes on Operating Costs: Lessons Learned in 2024 and Cost-Control Advice for 2025 appeared first on LODGING Magazine.
Forecasts for Saturday’s test match are even higher with 91% occupancy for Friday and 93% for Saturday, up more than 20% on last year with those numbers expected to rise. The Victorian Government is forecasting an economic benefit to Melbourne in excess of $90m as 40,000 Lions fans descend on the city.
hotel performance is expected to reaccelerate in the fourth quarter and extend into 2025, according to CBRE’s latest forecast. CBRE now forecasts a.5 This revision reflects a 40 basis point (bps) decrease in expected occupancy compared to the prior forecast, […] The post CBRE: U.S. percent in August.
.” He added, “With HotelData.com, hospitality leaders can strengthen their decision-making with a market-based resource that brings clarity and context to budgeting, forecasting,and operational planning.” Looking ahead, hotels have forecast RevPAR at $108.92 Forecasts show an expected increase to 39.3%
JLL forecasts that the strong performance in the first half of 2025 is likely to continue throughout the year. According to this report, foreign investors currently own approximately 57% of institutional hotel assets across Australia’s five key CBD markets, with Singaporean investors leading foreign ownership at 36%.
GameTime brings together rate optimization, enterprise pricing, forecasting and performance tracking in one streamlined platform. “We Real-time reporting & forecasting: Access performance metrics and demand forecasts up to 365 days out.
The Budget Planning Guide delivers this by breaking down key metrics, including labor costs, RevPAR, ADR, and GOP, while showing what hotels budgeted for 2025, how forecasts have shifted, and how actual performance is tracking. Looking ahead, hotels have forecast RevPAR at $108.92 Forecasts show an expected increase to 39.3%
Predictive analytics can forecast demand, helping hotels optimize staffing levels and inventory. Streamline Back-End Processes for Enhanced Operational Efficiency Finally, while this article focuses on marketing, it’s worth noting that AI can also boost operational efficiency behind the scenes.
New Zealands international visitor numbers sit at 86% of pre-Covid levels, with the Tourism Export Council of New Zealand forecasting a full recovery by March 2027. Australian and US travellers are returning in large numbers, while Chinese tourism numbers have also increased in the past year.
This approach delivers expert pricing, forecasting, and distribution support while keeping fixed costs low. In this guide, we explain what outsourced revenue management is , when it makes commercial sense, and how to measure its impact on RevPAR, GOP, and forecast confidence. Yes Do forecasts vary wildly or lack structure?
Skift Take: A new forecast from hotel broker JLL hits a note of optimism at a time when some critics worry Thai tourism is hitting the skids. Expect people to do fewer hotel deals in Thailand this year, but for those deals to be bigger. Read the Complete Story On Skift
The “Opportunity Cost” approach developed at the time addressed challenges related to network effects, length-of-stay optimization and unconstrained demand forecasting. For example, stochastic models such as Markov Decision Processes and Monte Carlo simulations are now widely applied to forecast uncertainty and adaptively manage inventory.
BETHESDA, Maryland—Otelier announced the launch of the next generation of TruePlan, its budgeting and forecasting platform. The redesign will include a new user interface that delivers a modern technology experience.
Executives from CBRE, Kalibri and more forecast how hotels will perform for the rest of year, while owners and operators provide their thoughts on how each chain scale will do. The 2025 Hotel Industry Outlook originally ran as a supplement to the July 2025 issue of Hotel Business.
By analyzing real-time market data, booking patterns, and competitor pricing, AI-powered systems can automatically adjust room rates, forecast demand, and allocate inventory across channels more effectively than any human team. Today, AI has flipped that model on its head.
Joe Amati from Destination Canada emphasized tourism’s robust contribution to the national economy, forecasting annual growth of 5.42 Still, STR revised its 2025 RevPAR forecast downward from two per cent to just 0.7 per cent through 2030 — outpacing both Canadian and global economic projections.
Use revenue tech to your advantage Revenue management systems (RMSs) have evolved to provide smarter segmentation and demand forecasting to tighten levels of granularity. These come together to make your property more desirable which in turn makes guests less price sensitive and more focused on being part of an experience.
Leverage OTA data: Expedia manages over seven petabytes of data and offers hoteliers actionable insights through tools and support, helping shape pricing, campaign effectiveness, and demand forecasting.
By year-end 2025, LE analysts forecast a total of 293 new extended-stay hotels/30,341 rooms to open, expanding the U.S. growth in extended-stay supply and in 2027, LE is forecasting an additional 385 new extended-stay hotels/39,801 rooms to open, for 5.9% extended-stay supply by 5.0%. growth in U.S. extended-stay supply. growth rate.
With dynamic pricing and smarter forecasting , these properties can outperform the big chains, without a marketing army or loyalty program. Heck, even a one-room Airbnb can rake it in with the right revenue management strategy. In fact, I’d argue that small hotels have the most to gain. Because a little optimisation goes a long way.
I’ve spent over two decades helping global hospitality brands identify what’s next—from co-creating product collections to forecasting trends that shape guest expectations. This balance highlights the importance of thoughtful trend forecasting. And one thing I’ve learned? It’s a business strategy.
The very complexity of the job makes decisions less accurate , leading to costly errors in pricing and forecasting. The nuanced analysis gives way to gut feelings, and crucial opportunities buried in the noise are missed.
By using predictive artificial intelligence, RaccoonRev Plus will generate daily rate recommendations up to 90 days in advance, factoring in signals such as competitor rates, historical trends, pickup pace, weather forecasts, and lead-time behaviour.
This acceleration toward conversions, forecast to nearly match new construction openings in 2025, indicates developers’ strategic pivot to asset repositioning and optimization amid elevated construction costs and tighter financing. This anticipated total of 740 new hotels (83,548 rooms) represents a 1.5% lodging market.
The Asia Pacific region is reported to be the fastest-growing MICE market globally, with growth forecast at a CAGR of 10.0% Accor is investing its meetings and events offering across its Pacific portfolio to capture surging demand in the MICE market with major refurbishments and the launch of new hotels. from 2024 to 2030.
Success in hospitality is often determined by how well a property can plan for what’s to come, but how can hotels hope to navigate the uncertainty of today’s markets? The first step: Prepare for a downturn but live in the moment.
This year’s domestic travel forecast is an increase of 1.7 AAA’s Independence Day forecast includes two weekends instead of one to better reflect the flow of holiday travelers. Following Memorial Day’s record forecast, AAA is seeing strong demand for road trips and air travel over Independence Day week. AAA projects 72.2
The semi-annual report updated the latest opinions, experiences, and predictions of 80 hotel asset managers from the previous survey on topics ranging from forecast predictions to recession concerns. CAMBRIDGE, MassachusettsThe Hospitality Asset Managers Association (HAMA) announced the results of its Spring 2025 Industry Outlook Survey.
With the integration of actual data from PVNG, blended forecasts are available throughout the year to manage against budgets, identify trends and track the specific data needed to make changes to your plan. Clap resides in Connecticut with his wife and has two adult children.
A single 30-day booking can replace 15 separate short-term reservations, also improving your revenue forecasting. Cash flow stability: Without the constant need to fill rooms each night, your revenue streams are more predictable.
hospitality sector, with hotels forecasting notable drops in business travel revenue through 2025 and beyond. Broader economic impact forecasted: The World Travel & Tourism Council projects a potential $12.5 -based meetings at increasing rates, and shifting their focus to markets outside the United States.
He will play a key role in analyzing investment opportunities, forecasting performance and guiding strategic decisions. At Dreamscape, Bussing will lead the evaluation of potential hotel projects and management opportunities.
Real-Time Reporting & Forecasting: Access performance metrics and demand forecasts up to 365 days out. Flexible Automation: Use Autopilot to apply pricing recommendations automatically or retain manual control when needed. Predefined Segmentation: Leverage preloaded guest segments for faster setup and dynamic pricing.
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