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HUNTER Conference Kicks Off With Market Report and Forecast

Lodging

No limits.” […] The post HUNTER Conference Kicks Off With Market Report and Forecast appeared first on LODGING Magazine. Lee Hunter, Chairman of the Hunter Hotel Investment Conference, shared, “This year’s conference theme comes about as a profound sense of purpose.

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AAA Predicts Second-Highest Domestic Holiday Travel Forecast Since 2000

Lodging

percent increase over last year and the second highest year-end travel forecast since 2000 when AAA began tracking holiday travel. This year-end holiday forecast, with an additional 2.5 […] The post AAA Predicts Second-Highest Domestic Holiday Travel Forecast Since 2000 appeared first on LODGING Magazine.

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STR, TE Adjust First U.S. Hotel Forecast of 2024

Lodging

hotel forecast of 2024 at the Americas Lodging Investment Summit (ALIS). percentage points, while occupancy and revenue per available room (RevPAR) were unchanged from the previous forecast. Hotel Forecast of 2024 appeared first on LODGING Magazine. For 2024, growth in average daily rate (ADR) was raised by 0.1

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STR, TE upgrade U.S. ADR and RevPAR forecast

Hospitality Net

hotel forecast revision of 2023. STR and Tourism Economics lifted year-over-year growth projections for average daily rate (ADR) and revenue per available room (RevPAR) in the final U.S.

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The Best Sales Forecasting Models for Weathering Your Goals

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!

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CBRE Raises Hotel Performance Forecast to Reflect Demand and Supply Growth

Lodging

DALLAS—CBRE is again raising its forecast for hotel performance this year, as stronger-than-expected demand and more modest supply growth drive occupancy gains. CBRE has revised its forecast for 2023 revenue per available room (RevPAR) to $97.89, up 6.0 from its previous forecast. percent year-over-year, and an increase of $0.43

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Forecast Accuracy: Why Mape?

Hospitality Net

Yield management allows hotels to manage the capacity of their rooms more profitably, and the accuracy of statistical forecasting determines how useful it will be. Inaccurate forecasts can result in decreased revenue, earnings, and operational challenges, which makes getting it right critical.