Hotel Business

JANUARY 25, 2023

Meetings Recovery Forecast (MRF) and associated Top 25 U.S. Meetings Recovery Forecast (MRF25), meeting volume outperformed in Q4 2022. The company also shifted the 2023 forecast higher than was predicted in Q3 2022. Knowland’s forecasts provide an overview of how the U.S. from the October 2022 forecast of 73.1%

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Lodging

MAY 18, 2023

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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Forecasting Hotels Average Daily Rate Occupancy 104

SiteMinder

OCTOBER 10, 2023

What is hotel forecasting? Hotel forecasting is a method that is used to help managers determine their accommodation’s future demand and revenue performance. Whether you’re a seasoned hotelier or new to the industry, understanding the nuances of forecasting can be a game-changer for your business.

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Hospitality Net

AUGUST 10, 2023

hotel forecast just presented at the 15th Annual Hotel Data Conference. STR and Tourism Economics lowered their year-over-year growth projections in the revised 2023-24 U.S.

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eHotelier

NOVEMBER 20, 2023

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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Skift Blog

JUNE 18, 2023

planemaker Boeing slightly raised its annual 20-year forecast for new jetliner deliveries, propelled by the strength of the narrowbody market fueled U.S. planemaker Boeing slightly raised its annual 20-year forecast for new jetliner deliveries, propelled by the strength of the narrowbody market fueled by demand from low-cost carriers.

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Hotel News Resource

NOVEMBER 17, 2023

billion USD in 2025, when spending is forecast to reach $414.9 This is later than the forecast for global business travel recovery, which is expected to reach $1.5 After a slower regional rebound over the last few years, business travel spending in Europe is expected to surpass its pre-pandemic spending level of $391.9

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Guest Centric

NOVEMBER 23, 2023

The post Guestcentric Forecasts Strong Christmas & New Year Demand for Portuguese Hotels appeared first on GuestCentric. Guestcentric’s insights suggest a notable increase in interest and bookings for accommodations across the country.

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Hotel Management

JUNE 6, 2023

STR and Tourism Economics have upgraded the 2023 United States hotel forecast, released at the 45th Annual NYU International Hospitality Industry Investment Conference in New York this week (June 5). from the previous forecast, but projections for average daily rate (ADR) and revenue per available room (RevPAR) were lifted 1.5%

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Demand Calendar

MARCH 13, 2023

Forecasts should be reasonably accurate, but they will never be entirely correct. Therefore, the revenue management system should take the first shot at forecasting. The second opinion is that the revenue manager will add the human touch based on extensive experience from the destination and the hotel.

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Hospitality Tech

SEPTEMBER 26, 2023

With new Forecasting for Hospitality, hotels can efficiently create and share monthly segment-level forecasts for every property.

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Hotel Business

FEBRUARY 10, 2023

Phoenix’s hotel revenue per available room (RevPAR) is forecasted to reach $419 for Feb. more supply in the market, a unique volume of demand is forecasted to push occupancy slightly higher than Phoenix’s last host year in 2015 (93.7%). 10-12, which would be the second-highest level for a Super Bowl weekend, according to STR.

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Forecasting Hotels Average Daily Rate Occupancy 105

Hotel News Resource

AUGUST 18, 2023

Article - Summer Surge to Fall Frenzy: Fall Travel Forecast Reveals Searches Are Up for Autumn Escapes - According to Expedia, flight searches for fall are up 15%, and hotel searches increased 20% compared to fall 2022.

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Demand Calendar

APRIL 25, 2023

Destination demand forecasting estimates the overall daily demand for hotel rooms in a particular destination. This type of forecasting is essential for understanding the total demand for accommodation in a destination.

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Hospitality Net

MAY 16, 2023

PVNG enterprise accounting and Targetvue budgeting and forecasting solutions from Aptech fit the bill for their ability to affordably give operators the insight, flexibility and control they desired.

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Hospitality Net

AUGUST 18, 2023

According to the Fall Travel Forecast released today by Expedia®, Hotels.com® ® and Vrbo®, the surge in travel demand seen over the summer is projected to continue into the cooler months, with the travel brands showing year-over-year search increases for fall getaways.

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Demand Calendar

APRIL 13, 2023

Many hoteliers think forecasts are unnecessary because the dynamics constantly change, so there will never be an accurate forecast. The main reason for forecasting is not competition in accuracy; it is to use the forecasts for planning to achieve a healthy profit.

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Lodging

JUNE 5, 2023

hotel forecast at the 45th Annual NYU International Hospitality Industry Investment Conference. percent from the previous forecast, but projections for average daily rate (ADR) and revenue per available room (RevPAR) were lifted 1.5 Hotel Forecast ADR and RevPAR Projections appeared first on LODGING Magazine. percent and 1.3

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Hotelier Magazine

AUGUST 16, 2023

hotel forecast presented at the recent 15th annual Hotel Data Conference. ADR growth rates have moderated as the impacts of inflation and record-breaking leisure travel have waned, but our forecasted growth rates are still skewed toward the upper-end hotels with a rate-focused performance strategy.” PARSIPPANY, N.J. —

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Hospitality Net

JULY 26, 2023

Speaking at a panel session at the Hyatt Regency Pravets Resort in Bulgaria today, World Travel & Tourism Council (WTTC) President & CEO Julia Simpson revealed that the WTTC 2023 Economic Impact Research (EIR) today forecasts that 10% of the Bulgarian economy will come from Travel & Tourism by 2033.

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Hospitality Net

JUNE 15, 2023

Travel Association released its biannual forecast for travel to and within the United States through 2026, showing a normalized rate of growth in the domestic leisure travel sector after months of elevated demand.

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Anthony Iannarino

JULY 29, 2020

You may also be familiar with forecasted closing dates as “Hopeium.” Under the very best of circumstances, forecasting can still be incredibly difficult. However, some factors can help you dial in your sales forecast, moving you closer to what is true, even if you don’t like the truth your forecast reveals.

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Hospitality Net

MAY 23, 2023

The World Travel & Tourism Council’s (WTTC) 2023 Economic Impact Research (EIR) today reveals China’s Travel & Tourism sector’s GDP contribution is forecast to grow more than 150% this year.

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Anthony Iannarino

JULY 11, 2019

When you miss your sales forecast or goal, there is almost always a deal or two (or three) that pushed, prospects that didn’t sign the contract by the end of the quarter. These two varieties mean something different when it comes to forecasting. Forecasting Deals. Every Commitment Pushed. Meetings get pushed. The One Push Rule.

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Skift Blog

OCTOBER 26, 2023

Skift Take: Accor is having a happy, "Emily in Paris" kind of year. High-spending Americans thronged Europe this summer, helping the hotel giant beat expectations for revenue and profit. Sean O'Neill Read the Complete Story On Skift

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Hotel News Resource

SEPTEMBER 24, 2023

Article - Business Travel in Asia Pacific Poised for Significant Rebound in 2023, Spending Forecast to Reach Almost $800 Billion by 2027 - GBTA reveals regional outlook data and insights during its sold-out 2023 GBTA APAC Conference held this week in Singapore

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eHotelier

AUGUST 20, 2023

Speaking at a panel session at the Hyatt Regency Pravets Resort in Bulgaria today, World Travel & Tourism Council (WTTC) President & CEO Julia Simpson revealed that the WTTC 2023 Economic Impact Research (EIR) today forecasts that 10% of the Bulgarian economy will come from Travel & Tourism by 2033.

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Tourism Forecasting Travel Resorts 52

SiteMinder

JUNE 8, 2022

As unpredictable as it can be at times (especially through the COVID-19 pandemic), forecasting is still an important part of running a hotel and being able to make strategic revenue management decisions. What is hotel revenue forecasting? Why should your hotel use forecasting? How can you forecast effectively at your hotel?

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Forecasting Hotels Revenue Average Daily Rate 52

Hotel News Resource

JULY 26, 2023

Speaking at a panel session at the Hyatt Regency Pravets Resort in Bulgaria today, World Travel & Tourism Council (WTTC) President & CEO Julia Simpson revealed that the WTTC 2023 Economic Impact Research (EIR) today forecasts that 10% of the Bulgarian economy will come from Travel & Tourism by 2033.

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Tourism Forecasting Travel Resorts 52

Skift Blog

NOVEMBER 7, 2023

Skift Take: The increasing return-to-office push — as well as the ongoing steady travel demand — is certainly coming at the first time for Uber, which is in a prime position to make a massive rebound from a challenging 2022. Rashaad Jorden Read the Complete Story On Skift

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MediaBoom

MAY 16, 2023

While sedans grabbed the most significant share of the car market at the start of the forecast, consumer preferences are steadily shifting towards SUVs. Compounded annual growth rates (CAGR) for the forecast period (2022-2029) should range between 5 and 12.75 What Is The Forecast For 2030 In The Luxury Car Market?

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eHotelier

JANUARY 31, 2023

hotel forecast just released at the Americas Lodging Investment Summit (ALIS). STR and Tourism Economics made a modest upgrade to the 2023 U.S. Additionally, a subsequent downward adjustment was made for 2024.

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Hospitality Taskforce

DECEMBER 8, 2022

The CBRE forecast predicts an increase in demand and revenue per available room (RevPAR) in 2023. Photo by Vojtech Bruzek on Unsplash The post 2023 Hotel Industry Forecast: What to Expect appeared first on Hospitality Taskforce. This optimism is due to slowed construction activity, a high employment rate, and robust economic growth.

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Hospitality Today

AUGUST 10, 2023

hotel forecast STR and Tourism Economics lowered their year-over-year growth projections in the revised 2023-24 U.S.

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Hotel News Resource

JUNE 15, 2023

Travel Association Forecast Shows Normalizing of Leisure Travel Demand from Post-Pandemic Surge - Domestic business travel growth moderates, int’l inbound travel accelerates Article - U.S.

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Hospitality Net

JUNE 5, 2023

hotel forecast just presented at the 45th Annual NYU International Hospitality Industry Investment Conference. STR and Tourism Economics upgraded the 2023 U.S. While top-line performance advances, growing operating expenses are projected to limit profit growth over the remainder of the year.

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eHotelier

JUNE 5, 2023

hotel forecast just presented at the 45th Annual NYU International Hospitality Industry Investment Conference. STR and Tourism Economics upgraded the 2023 U.S. While top-line performance advances, growing operating expenses are projected to limit profit growth over the remainder of the year.

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