Hospitality Net

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 273

Forecasting Average Daily Rate Tourism Revenue 273

Lodging

NOVEMBER 19, 2024

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

Forecasting 262

Forecasting Average Daily Rate Occupancy Tourism 262

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

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

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

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

FEBRUARY 12, 2024

As hospitality businesses navigate a “new normal” in 2024, many of the top owners and operators have shifted focus from traditional annual budgeting to a more dynamic and responsive forecasting approach. Let’s explore key budget and forecasting strategies to guide you in 2024.

Forecasting 221

Forecasting Operations Hotels Business 221

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

Hospitality Net

NOVEMBER 19, 2024

hotel forecast revision of 2024. STR and Tourism Economics downgraded the growth rate in the final U.S.

Forecasting 239

Forecasting Tourism Hotels 239

Hospitality Net

NOVEMBER 13, 2024

Design Hotels, the community-driven portfolio of nearly 300 independent hotels, today announced its second annual Further Forecast trend report, which explores travelers’ growing desire to build deeper connections, and how this is shaping their expectations of experiences—and in turn, the future of travel.

Forecasting 264

Forecasting Travel Hotels 264

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

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

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

Skift Blog

JULY 22, 2024

Skift Take: Business travel is roaring back, with global spending projected to surpass pre-pandemic levels in dollar volume this year. Face-to-face wins. Sean O'Neill Read the Complete Story On Skift

Forecasting 321

Forecasting Business Travel Management 321

Lodging

JANUARY 23, 2024

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

Forecasting 182

Forecasting Average Daily Rate Occupancy Tourism 182

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

Hospitality Net

OCTOBER 22, 2024

How can forecasting help hotels optimize room pricing and sales? And why is forecasting the secret weapon for exceeding budget targets? How can it improve operational planning?

Forecasting 182

Forecasting Sales Operations Hotels 182

Hospitality Net

OCTOBER 18, 2024

HomeToGo—the SaaS-enabled marketplace with the world’s largest selection of vacation rentals—today released its 2025 Travel Forecast, revealing five travel trends predicted for the year ahead.

Forecasting 246

Forecasting Travel 246

Skift Blog

AUGUST 8, 2024

Skift Take: Choice Hotels recently saw its U.S hotels continue to perform roughly 10% above 2019 levels in revenue per available room. Its executives believe that trend may roll on next year. Sean O'Neill Read the Complete Story On Skift

Forecasting 311

Forecasting Revenue Hotels 311

Skift Blog

JUNE 6, 2024

Skift Take: There are economic pressures and segment-specific challenges, such as growing supply in the luxury market. Sean O'Neill Read the Complete Story On Skift

Forecasting 306

Forecasting Market Marketing Hotels 306

Hospitality Net

SEPTEMBER 9, 2024

Rolling forecasts are nothing new but I must point out that most hotels don’t use them, and they really should. It’s an incredibly useful tool that is literally worth its weight in gold.

Forecasting 189

Forecasting Hotels 189

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

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

Hospitality Net

JULY 25, 2024

Attracting 5,400 registered attendees from 50 countries – including more than 1,100 travel buyers from 600+ companies and 310 travel supplier exhibitors – the not-to-be-missed industry event featured over 200 dynamic presenters, 86 peer-reviewed and curated education sessions, unmatched networking opportunities and the unveiling of the latest forecast (..)

Forecasting 241

Forecasting Business Travel Events 241

Hospitality Net

AUGUST 9, 2024

The Q2 2024 Latin America construction pipeline trend report from Lodging Econometrics (LE) indicates a positive growth trajectory for the region’s hospitality sector, with stable growth in new hotel openings forecast through 2026.

Pipeline 203

Pipeline Forecasting Construction Hotels 203

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

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

Hospitality Net

NOVEMBER 18, 2024

hotel performance is expected to reaccelerate in the fourth quarter and extend into 2025, according to CBRE’s latest forecast. Despite facing challenges from subdued summer demand and a sluggish third quarter, U.S.

Forecasting 186

Forecasting Hotels 186

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

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 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

Skift Blog

MAY 29, 2024

Skift Take: Viking, the only pure-play luxury cruise line, has reported its first quarterly earnings since it went public. The company is targeting a English-speakers over the age of 55, a demographic with most of the wealth and a broad eagerness to travel. Sean O'Neill Read the Complete Story On Skift

Forecasting 317

Forecasting Travel 317

Skift Blog

JULY 25, 2024

Skift Take: Accor, the Paris-based hotel giant, predicts robust bookings and strong pricing power in the second half. Its executives aren't losing any sleep over airlines like Ryanair complaining about softening airfares. Sean O'Neill Read the Complete Story On Skift

Forecasting 316

Forecasting Business Travel Hotels 316

Skift Blog

NOVEMBER 25, 2024

Skift Take: With hotel brands making major strides in customer ownership, it is time to start anticipating when direct bookings will outpace third-party sites. Pranavi Agarwal and Seth Borko Read the Complete Story On Skift

OTA 264

OTA Forecasting Hotels Branding 264

Skift Blog

OCTOBER 8, 2024

Skift Take: Days after getting the green light for gaming, Wynn gives a presentation to investors. Here are the highlights. Josh Corder Read the Complete Story On Skift

Forecasting 290

Forecasting Resorts Casinos Hotels 290

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

AUGUST 9, 2024

hotel forecast just released at the 16th Annual Hotel Data Conference. STR and Tourism Economics made slight adjustments to the 2024-25 U.S.

Forecasting 147

Forecasting Tourism Hotels 147