Cloudbeds

OCTOBER 9, 2024

Hotel forecasting is a critical component of successful hotel management, serving as the foundation for strategic decision-making and operational efficiency. For hotel managers and the industry as a whole, accurate forecasting is not just beneficial—it’s essential for maintaining competitiveness and profitability in a dynamic market.

Forecasting 59

Forecasting Hospitality Occupancy Revenue Management 59

Hotel Business

JANUARY 25, 2024

JLL’s Hotels & Hospitality Group ‘s Global Hotel Investment Outlook 2024 forecasts that global hotel investment volume will increase 15% to 25% year-over-year. As borders reopen, a surge in urban hotel performance is expected, benefiting both performance and liquidity.

Consumer 126

Consumer Real Estate Tourism Hotels 126

Demand Calendar

JULY 17, 2024

The travel and tourism industry will experience significant growth in the future, contributing to around 9 percent of global GDP. These forecasts suggest a growing market with plenty of guests to fill hotel rooms. These forecasts suggest a growing market with plenty of guests to fill hotel rooms.

Forecasting 97

Forecasting Consumer Tourism Hotels 97

Boutique Hotel News

MAY 4, 2023

UK: The UK’s travel and tourism sector is expected to see a boost of more than £200 million as a result of King Charles III’s Coronation weekend [6-8 May] and fortnight around those dates, as consumers travel across the country to celebrate with friends and millions across the UK make the journey to London to catch a glimpse of the historic event.

Tourism 52

Tourism Consumer Average Daily Rate Occupancy 52

Social Tables

JANUARY 14, 2022

Attending MTS can help mountain-related hospitality professionals learn to reach target consumers, get introduced to new products, build brand awareness, and create relationships with renowned leaders in the mountain travel industry. MTS is broken down into two main components: The Exchanges and the Forum.

Hospitality 158

Hospitality Events Tourism Business 158

Hotelier Magazine

MARCH 11, 2024

Marsha Walden: Our latest Tourism Outlook report shows total tourism revenue is set to exceed 2019 levels, generating a projected $109.5 Marsha Walden: Our latest Tourism Outlook report shows total tourism revenue is set to exceed 2019 levels, generating a projected $109.5 billion by the end of 2023.

Tourism 52

Tourism Business Marketing Market 52

Hotel Business

NOVEMBER 20, 2023

This first-of-its-kind report, produced through a partnership between Sojern and Digital Tourism Think Tank (DTTT) , and supported by Brand USA , Destination Canada and the European Travel Commission , sheds light on the latest industry trends and challenges.

Marketing 115

Marketing Market Digital Marketing Marketing Strategy 115

Hotelier Magazine

NOVEMBER 26, 2024

Looking ahead to 2025, STR and Tourism Economics have downgraded the RevPAR growth forecast to 1.5 On the demand side, the impact of higher interest rates continues to be a challenge for consumers and businesses. Meanwhile, the lowest occupancy rate was recorded in Prince Edward Island at 58.2

Average Daily Rate 52

Average Daily Rate Occupancy Forecasting Tourism 52

Hotel Business

APRIL 24, 2023

Our panelists for various Hotel Business Hot Topics sessions and our subjects of various Q&As have all been quite bullish about the uptick in travel and tourism post-pandemic. And, according to forecasting by Economist Intelligence, global tourism will rise by 30% this year. So that brings me back to my second sentence.

Tourism 52

Tourism Forecasting Travel Events 52

Hotelier Magazine

AUGUST 29, 2023

STR and Tourism Economics’ most recent forecast has been upgraded, with full-year ADR expected to be up 8.6 per cent, down two percentage points from the previous forecast. That downgrade reflects weakness in the overall economy and lower anticipated consumer spending.” per cent), down 1.8 per cent against 2022.

Average Daily Rate 52

Average Daily Rate Occupancy Forecasting Hotels 52

Hotelier Magazine

DECEMBER 14, 2023

as compared to $113.43 as compared to $113.43 The post Cushman & Wakefield Releases Hospitality Innsights Q3 2023 Report appeared first on Hotelier Magazine.

Hospitality 52

Hospitality Forecasting Consumer Tourism 52

Inn Quest

MARCH 23, 2023

The contribution to GDP of the tourism industry on the whole is currently 1.6% (Statista). Other figures from Statista are as follows: Australia’s hotel segment specifically is forecasted to see revenues of US $6.75 According to Tourism Australia, there were 2.2 billion and is expected to grow by 13.3% in 2023 (IBISWorld).

Forecasting 52

Forecasting Tourism Hotels Average Daily Rate 52

SiteMinder

MAY 6, 2024

This illustrates the strong appetite amongst consumers to experience large-scale stadium events, and how the benefits spread well beyond the music and entertainment industry.” As travellers book further in advance, hoteliers are in a better position to forecast periods of heightened demand and dynamically optimise their revenue management.

Revenue 59

Revenue Accommodation Hotels Forecasting 59

Cloudbeds

MARCH 23, 2023

These days, more consumers are going online to make purchases, and travel is no exception. Popular eCommerce platforms like Amazon and Uber have raised the bar, conditioning consumers to expect shopping online to be simple, fast, and secure. Moreover, a hotel room can’t be returned if it doesn’t meet expectations.

OTA 98

OTA Digital Marketing Marketing Market 98

Boutique Hotel News

NOVEMBER 16, 2022

Cost containment is a primary concern for planners: some 85 per cent believe events will be more expensive to hold in 2023 compared to 2019, and in Spain, 94 per cent of planners forecast higher costs. Planners revealed that venues, safety protocols and audio-visual production are the top three areas where they expect cost rises.

Events 52

Events Consumer Hotels Intent 52

Hotelier Magazine

SEPTEMBER 18, 2024

REGIONAL ROUNDUP By CBRE Hotels & CBrE Tourism Consulting Heading into the year, the expectation was that 2024 would be the most moderate year of growth for the industry since the onset of the pandemic. Its against this backdrop that CBRE has prepared its 2024 Market Forecast. million passengers in 2024. The event saw close to 1.48

Occupancy 52

Occupancy Marketing Market Accommodation 52

Cloudbeds

APRIL 30, 2024

A brief history of room price optimization Given the multitude of factors to consider and the analysis required, establishing accurate real-time room prices for your property may seem complex and time-consuming. Some destinations may be evergreen tourism hotspots, while others may have fluctuations due to a newer craze. Competition.

Revenue 52

Revenue Revenue Management Occupancy Hotels 52

Xotels

NOVEMBER 23, 2023

Additionally, hotel management ensures compliance with industry regulations, maintains the safety of guests and employees, and adapts to evolving consumer preferences and technological advancements. Main responsibilities: Analyse sales metrics, forecast market trends, and research for new opportunities.

Management 40

Management Revenue Management Hotels Operations 40

Xotels

NOVEMBER 23, 2023

Additionally, hotel management ensures compliance with industry regulations, maintains the safety of guests and employees, and adapts to evolving consumer preferences and technological advancements. Main responsibilities: Analyse sales metrics, forecast market trends, and research for new opportunities.

Management 40

Management Revenue Management Hotels Operations 40

Hotel Management

MARCH 25, 2025

Australias accommodation and tourism sectors have welcomed support for Tourism Australia and Rex Airlines in the Federal Governments 2025-26 Budget but noted a lack of broader support for tourism initiatives and business recovery.

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