Hospitality Net

AUGUST 27, 2023

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.

Forecasting 188

Forecasting Yield Management Cancellation Revenue Management 188

Hospitality Net

OCTOBER 11, 2023

In the inaugural Further Forecast trend report by Design Hotels, we define six key themes over 158 pages of actionable insights, case studies, and interviews that will transform the industry in 2024 and beyond—and the way we travel today, tomorrow, and for years to come.

Forecasting 246

Forecasting Consumer Hotels Travel 246

Hospitality Net

JANUARY 29, 2024

Las Vegas hotel average daily rate (ADR) is forecasted to reach $573 for 9-11 February 2024, which would be the highest level for any Super Bowl weekend on record, according to STR.

Average Daily Rate 239

Average Daily Rate Forecasting Hotels 239

Lodging

NOVEMBER 20, 2023

hotel forecast revision of 2023. Hotel Forecast Revision of 2023 appeared first on LODGING Magazine. HENDERSONVILLE, Tennessee—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. For 2023, growth in RevPAR was raised by 0.3

Forecasting 284

Forecasting Average Daily Rate Occupancy Tourism 284

Hospitality Net

JANUARY 25, 2024

Total international visitor arrivals to the Greater Bay Area (GBA) are forecasted to recover to the pre-pandemic level at close to 130 million by the end of 2024, and the total number of inbound visitor arrivals to Hong Kong to recover to the 2018 level of 65 million by 2025.

Forecasting 240

Forecasting Tourism Closing Management 240

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.

Forecasting 263

Forecasting Market Marketing Tourism 263

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.

Forecasting 245

Forecasting Tourism Hotels 245

Hospitality Net

JANUARY 18, 2024

Travel Association today released its biannual forecast for travel to and within the United States through 2027, showing international inbound travel and domestic business travel will continue to remain below pre-pandemic levels in 2024. The forecast, prepared by Tourism Economics, was released just days after U.S.

Forecasting 237

Forecasting Business Travel Tourism 237

Hospitality Net

JANUARY 23, 2024

hotel forecast of 2024 just released at the Americas Lodging Investment Summit (ALIS). STR and Tourism Economics ​made minimal adjustments to growth projections in the first U.S.

Forecasting 182

Forecasting Tourism Hotels 182

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%

Forecasting 264

Forecasting Average Daily Rate Occupancy Tourism 264

Hospitality Net

DECEMBER 12, 2023

Read up on risk scenarios, GDP growth projections and inflation estimates in our 2024 economic forecast report. But with an economic slowdown on the horizon, you need accurate data to analyse key indicators for market expansion. You’ll also find insights on the US, China, Eurozone and Brazil.

Forecasting 113

Forecasting Market Marketing 113

Skift Blog

FEBRUARY 20, 2024

Skift Take: CEO Elie Maalouf pointed to early results suggesting that IHG's recent marketing efforts and brand development work are leading to growth in a virtuous flywheel for the hotel group. Sean O'Neill Read the Complete Story On Skift

Forecasting 312

Forecasting Pipeline Hotels Branding 312

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

Forecasting 144

Forecasting Average Daily Rate Occupancy Tourism 144

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.

Forecasting 188

Forecasting Travel Branding Hotels 188

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.

Forecasting 200

Forecasting Travel 200

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.

Forecasting 230

Forecasting Hotels Operations Management 230

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.

Forecasting 201

Forecasting Tourism Travel 201

Hotel Designs

JANUARY 15, 2024

Hotel Designs Newmor releases its 2024 trends forecast Newmor releases its 2024 trends forecast Here are six trends that the expert design team at Newmor Wallcoverings have identified for 2024… Newmor Wallcoverings has unveiled its much-anticipated 2024 trends forecast.

Forecasting 99

Forecasting Market Marketing Hospitality 99

Little Hotelier

MARCH 25, 2024

What is hotel forecasting? Hotel forecasting, also known as hotel demand forecasting, is a strategy that sees a hotel analyse historical data and trends to make predictions about future demand. Hotel forecasting reports are built on a foundation of data. Small, independent hotels might form quite basic forecasts.

Forecasting 52

Forecasting Cancellation Average Length of Stay Revenue 52

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.

Forecasting 187

Forecasting Tourism Travel Resorts 187

Hospitality Net

APRIL 11, 2024

My fellow hoteliers, the future of our industry is upon us, and it is one marked by the transformative power of artificial intelligence (AI). As we look ahead to the hotel landscape of 2024, I am excited to share with you a vision that will elevate guest experiences like never before - through the synergy of AI and the human touch.

Forecasting 234

Forecasting Hotels 234

Skift Blog

APRIL 15, 2024

Skift Take: The German airline group has warned that increasing tension in the Middle East could also affect its bottom line. Gordon Smith Read the Complete Story On Skift

Forecasting 173

Forecasting 173

Skift Blog

JANUARY 5, 2024

Skift Take: Japan Airlines sees minimal financial impact from Tuesday's crash in Tokyo, and is even receiving compliments for its safety cutlure. Edward Russell Read the Complete Story On Skift

Forecasting 306

Forecasting 306

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%

Forecasting 104

Forecasting Market Marketing Hotels 104

Hotel Business

SEPTEMBER 14, 2023

In 2023, LE is forecasting the Americas region to open 718 new hotels having 92,498 rooms. Most of the new hotel openings in 2023 will occur within the upper-midscale chain scale, where 288 projects/29,823 rooms are scheduled to open, followed by the upscale chain scale, where 180 projects/24,552 rooms are forecast to open.

Forecasting 116

Forecasting Pipeline Scale Construction 116

Hotel News Resource

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.

Forecasting 111

Forecasting Average Daily Rate Tourism Revenue 111

Hospitality Net

APRIL 5, 2024

Global leisure travel spending is projected to reach $9,332 billion by the end of 2029, an almost 50% increase from 2023. Today’s consumers feel confident in the value of travel — and are willing to make it a priority. But the vacations they’re craving are changing.

Forecasting 130

Forecasting Travel Consumer 130

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.

Forecasting 130

Forecasting Tourism Operations Hospitality 130

Skift Blog

DECEMBER 6, 2023

Skift Take: TUI is keeping an eye on global economic uncertainties, but ending the year with record revenue and a continued strategic shift in how it sells holidays to its customers paints a positive outlook for the company for now. Selene Brophy Read the Complete Story On Skift

Forecasting 279

Forecasting Revenue Operations 279

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

Forecasting 331

Forecasting Revenue Hotels 331

Demand Calendar

FEBRUARY 14, 2024

It's time for the hospitality industry to explore a more dynamic and responsive way of financial planning – prioritizing forecasting as the foundation for a truly effective budget. This shift will enhance adaptability, increase profitability, and empower data-driven decision-making – crucial advantages in today's market.

Forecasting 77

Forecasting Market Marketing Travel 77

Skift Blog

JULY 25, 2023

Skift Take: The Alaska Air Group's projected flat revenue growth is a major factor why shares dropped for some major U.S. carriers, another setback for an industry still fighting to make a full recovery from the pandemic. Rashaad Jorden Read the Complete Story On Skift

Forecasting 246

Forecasting Revenue Market Marketing 246

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

Forecasting 290

Forecasting Travel 290

Skift Blog

JUNE 14, 2023

Skift Take: This might be the summer of travel, but the economic uncertainty still has consumers choosing value above anything else. Srividya Kalyanaraman Read the Complete Story On Skift

Forecasting 264

Forecasting Travel Consumer Occupancy 264

Hotel News Resource

JANUARY 30, 2024

Las Vegas hotel average daily rate (ADR) is forecasted to reach $573 for 9-11 February 2024, which would be the highest level for any Super Bowl weekend on record, according to STR.

Average Daily Rate 81

Average Daily Rate Forecasting Hotels 81

Skift Blog

APRIL 26, 2023

Skift Take: Heathrow is expecting a busy few months as the coronation of Britain's King Charles in May adds a spike to expected passenger numbers. This news fuels the irony of the country's king declining one of the airport's terminals to be named after him due to environmental concerns.

Forecasting 299

Forecasting Business 299

Hotel News Resource

JANUARY 23, 2024

hotel forecast of 2024 just released at the Americas Lodging Investment Summit (ALIS). STR and Tourism Economics made minimal adjustments to growth projections in the first U.S.

Forecasting 80

Forecasting Tourism Hotels 80