Hotel Management

AUGUST 8, 2024

Growth rates are subdued across the region driven by weaker than forecast inbound tourism and persistent levels of inflation and interest rates. As market consolidation continues to rise, owners and operators appreciate the benefits of scale and are increasingly looking to grow their portfolios.

Scale 130

Scale Hotels Forecasting Construction 130

Hotel Business

FEBRUARY 8, 2023

The luxury, upper-upscale and upscale chain scales each hit peak project counts at the end of Q4. The LE forecast for new hotel openings expects 370 new hotels/72,441 rooms to open in 2023 and 400 new hotels with 77,524 rooms forecast to open in 2024.

Scale 52

Scale Construction Pipeline Closing 52

Hotel Business

NOVEMBER 8, 2024

The upper-upscale, upscale and upper-midscale chain scales account for 61% of projects and 64% of the rooms in the pipeline. Projects in the upscale chain scale dominate the APEC pipeline at Q3 with 510 projects and 101,067 rooms, both reaching all-time highs.

Pipeline 98

Pipeline Construction Scale Forecasting 98

Hotel Business

FEBRUARY 16, 2023

Accounting for 35% of the projects and 29% of the rooms in the combined renovation and conversion pipeline, the upper-midscale chain scale leads the way with the most activity. The upper-midscale chain scale also has the largest amount of construction activity in the U.S. with 2,175 projects/219,005 rooms.

Scale 99

Scale Pipeline Construction Real Estate 99

STAAH

APRIL 16, 2024

An RMS should provide detailed insights into key performance metrics such as Room Revenue Per Available Room (RevPAR), Average Daily Rate (ADR), occupancy rates, booking pace, and revenue forecasts. Forecasting Accuracy: Accurate demand forecasting is crucial for anticipating future demand trends and adjusting pricing strategies accordingly.

Revenue Management 91

Revenue Management Revenue Management Forecasting 91

Hotel Management

JUNE 22, 2023

Ramzy Fenianos The outlook for investment in Australasia is forecast to be relatively modest for the year ahead (2.9%), which is likely to result in significant challenges for hotel developers in the region. This trend is likely to stay as independent owners continue to navigate operating in the post-pandemic era.

Revenue Management 130

Revenue Management Revenue Forecasting Hotels 130

Cloudbeds

DECEMBER 2, 2024

One of the main challenges for hotels is creating accurate forecasts in the short, medium, and long term. Accurate forecasting also benefits hotels’ bottom lines in other ways. But traditional forecasting models no longer cut it. Relying on historical data hinders performance since no season is ever identical to the last.

Forecasting 40

Forecasting Occupancy Revenue Management Revenue 40

Hotel Business

SEPTEMBER 12, 2024

As we look ahead, LE’s report offers a detailed forecast of the anticipated supply growth. Hotel projects within the upscale and upper-midscale chain scales are leading the way. These two chain scales combined account for a substantial majority of projects. hotel landscape.

Construction 111

Construction Pipeline Scale Hotels 111

Hotel Business

JANUARY 27, 2023

At Hotel Effectiveness, he scaled the labor optimization business by more than 500% in his tenure, where he oversaw sales, marketing and customer success. He has experience building secure systems across the entire software development lifecycle, designing patented data applications and managing large-scale distributed teams.

Scale 105

Scale Digital Marketing Revenue Forecasting 105

Hotel Business

MAY 14, 2024

The upper-midscale and upscale chain scales lead China’s pipeline at Q1, accounting for 57% of projects and 58% of rooms in the country’s total pipeline. These two chain scales each achieved record-highs this quarter, with 1,261 projects/197,224 rooms and 906 projects/206,919 rooms, respectively.

Pipeline 64

Pipeline Construction Forecasting Scale 64

A Sales Guy

MAY 26, 2015

Therefore, if you’re not empathetic in other aspects of your life, learning to sell isn’t going to move you up the empathy scale. Unempathetic sales people can’t forecast. Empathy isn’t a trait used only for selling. It’s a life skill. Selling is about change. Unempathetic sales people rush the sale.

Sales 113

Sales Sales Process Forecasting Scale 113

Hotel Business

NOVEMBER 15, 2023

The record-high projects in the total pipeline can be attributed to the number of upscale and upper-midscale chain scale projects, which both hit project and room-count peaks this quarter. The upscale chain scale ended Q3 with a total of 850 projects/198,277 rooms, and the upper-midscale chain scale has 1,222 projects/194,515 rooms.

Pipeline 59

Pipeline Construction Forecasting Scale 59

Hotel Management

MARCH 14, 2024

While investment activity in New Zealand’s hotel sector has historically been heavily weighted to domestic and local capital, JLL forecasts offshore investor interest in New Zealand will continue to grow. Investors are seeking stable, long-term performance and a potential hedge against inflation.”

Occupancy 130

Occupancy Events Hotels Tourism 130

Hotel Business

MAY 16, 2024

The upper-upscale chain scale reached a record-high of 271 projects/45,122 rooms, while the upscale chain scale stands at 358 projects/57,153 rooms. These three chain scales account for 55% of the projects in the region’s total construction pipeline. The post LE: Europe’s Q1 construction pipeline reaches 1.7K

Pipeline 59

Pipeline Construction Forecasting Scale 59

Hotel Business

AUGUST 15, 2024

At Q2, three chain scales account for an impressive 69% of the projects and 65% of the rooms in China’s total pipeline. Hotel construction projects in the upscale chain scale also reached new all-time highs at Q2, with 979 projects/219,104 rooms.

Pipeline 59

Pipeline Construction Forecasting Closing 59

Hotel Business

AUGUST 16, 2024

At Q2, most pipeline projects in Europe are concentrated in the upper-upscale, upscale and upper-midscale chain scales. The upscale chain scale leads with 358 projects/55,936 rooms, accounting for 21% of the pipeline. The upper-midscale segment follows closely with 335 projects/50,566 rooms, representing 20% of the pipeline.

Pipeline 64

Pipeline Forecasting Construction Scale 64

Hotel Business

APRIL 27, 2023

At the Q1 close, 62% of projects in the total pipeline are concentrated within the upscale and upper-midscale chain scales. These two chain scales continue to dominate the pipeline and that is not expected to change anytime soon. Renovation and brand conversion activity in the U.S. in the first quarter. supply growth rate in 2023.

Pipeline 98

Pipeline Construction Scale Closing 98

Hotel Business

JULY 28, 2023

These two chain scales also represent 63% of the projects and 57% of the rooms anticipated to open through year-end 2023 and are expected to have the highest guest room growth rates through 2025. In 2024, 236 projects/24,281 rooms, and in 2025, 319 projects/32,798 rooms are forecast to open in the extended-stay segment.

Construction 98

Construction Pipeline Forecasting Closing 98

Hotel Business

MAY 7, 2024

Noteworthy chain scale segments in Latin America at the Q1 close include the upscale segment with 129 projects/18,314 rooms and the luxury chain scale, which reached record project counts of 106 projects with 22,051 rooms at the close. The post LE: Q1 Latin America construction pipeline up 11% appeared first on hotelbusiness.com.

Construction 64

Construction Pipeline Scale Forecasting 64

Hotel Business

MAY 9, 2024

Standout chain scale segments in the region at the Q1 close include the upscale chain scale with record-high project and room counts of 483 projects and 97,013 rooms, upper-upscale, also at record-high project and room counts of 376 projects/83,028 rooms and the luxury chain scale with a record-high project count of 267 projects/52,346 rooms.

Pipeline 59

Pipeline Construction Scale Forecasting 59

Hotel Business

NOVEMBER 8, 2023

Notably, the luxury and upper-upscale chain scales hit record-high project and room counts at Q3, reaching the highest levels ever recorded by LE. The luxury chain scale closed the quarter at 100 projects/19,389 rooms, while the upper-upscale chain scale closed Q3 at 108 projects/22,598 rooms.

Pipeline 64

Pipeline Construction Forecasting Closing 64

Hotel Business

MARCH 7, 2024

It helps teams highlight suboptimal business or system conditions by property, prioritize tasks with the highest revenue impact, display outstanding revenue tasks by individual property and scale revenue operations and brand contribution.

Revenue Management 64

Revenue Management Scale Revenue Forecasting 64

SiteMinder

SEPTEMBER 18, 2024

AI has already started to benefit our revenue management through suggested rate optimizations and trend forecasting. Confidence in future success In a constantly evolving landscape, Heather believes effective revenue management will involve AI in some form and is prepared for it. “AI

Scale 52

Scale Resorts Management Business 52

Hotel Business

MARCH 28, 2023

That outperformance has continued into 2023 with same-store RevPAR growth forecasted to increase 30% over 2022 in the first quarter. Finally, the company currently is forecasting 2023 same-store RevPAR to be up 19% vs 2019. Same-store consolidated RevPAR Index growth is up 8% YTD over 2022. Portfolio-wide, GMs voiced a 96% (9.6

Forecasting 105

Forecasting Market Share Management Branding 105

Hotel Business

AUGUST 12, 2024

The upper upscale, upscale and upper-midscale chain scales dominate the pipeline, accounting for 62% of projects and 65% of rooms. Both the upper-upscale and upscale chain scales hit record-high project and room counts at the end of Q2 24.

Pipeline 59

Pipeline Forecasting Construction Scale 59

Hotelier Magazine

AUGUST 16, 2024

Chain-scale segments with the largest number of projects in Canada’s total pipeline at the Q2 close include the upper midscale segment with 131 projects/13,822 rooms, accounting for 41 per cent of the projects and 34 per cent of the rooms in the country’s total pipeline, and the upscale chain scale with 57 projects/7,850 rooms.

Construction 59

Construction Pipeline Forecasting Closing 59

Hotel Business

AUGUST 8, 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. In the first half of 2024, 40 new hotels/8,730 rooms opened in Latin America.

Pipeline 59

Pipeline Forecasting Construction Closing 59

Hotel Business

AUGUST 21, 2024

Three chain scales dominate the Middle East’s total pipeline in the second quarter, accounting for 77% of projects and 79% of rooms. The luxury chain scale leads with 162 projects/36,342 rooms, followed by the upscale chain scale with 158 projects/42,956 rooms and the upper-upscale chain scale with 148 projects/36,213 rooms.

Construction 59

Construction Pipeline Scale Closing 59

Hotel Business

NOVEMBER 18, 2024

The luxury, upper-upscale and upscale chain scales account for 78% of the total pipeline in the region and continue to dominate new hotel construction in the Middle East with 477 projects/119,063 rooms. LE’s forecast for new hotel openings for Q4 2024 anticipates an additional 35 new hotels/6,916 rooms to open by year-end.

Pipeline 59

Pipeline Construction Forecasting Scale 59

Hotel Business

JUNE 18, 2024

Combined, these two chain scales account for 44 projects/5,007 rooms. Looking ahead, LE’s total forecast for new hotel openings in the Charlotte market in 2024 are five projects/511 rooms, for a 1.2% and is forecasted to open six new hotels/652 rooms. Over 65% of the projects in Charlotte are upscale and upper-midscale brands.

Construction 59

Construction Pipeline Forecasting Scale 59

Hotel Business

AUGUST 7, 2024

Chain scale segments with the largest number of projects in Canada’s total pipeline at the Q2 close include the upper-midscale segment with 131 projects/13,822 rooms, accounting for 41% of the project and 34% of the rooms in the country’s total pipeline, and the upscale chain scale with 57 projects/7,850 rooms.

Construction 59

Construction Pipeline Forecasting Closing 59

Hotel Business

NOVEMBER 20, 2024

According to recent data from Lodging Econometrics (LE) , while luxury hotels continue to target high-net-worth travelers with opulent new builds, the most dynamic growth continues to occur in the upper-midscale chain scale. Overall, however, full-service developments are commanding a more substantial portion of the U.S.

Services 111

Services Pipeline Scale Forecasting 111

Hotel Designs

MARCH 23, 2023

Italian for good-looking, lovely and handsome, this fine-looking collection is beautifully designed with an unapologetic masculine nuance… There are three distinct chapters to this Italian inspired design collection from Modieus and each chapter has an original colour palette, developed by the team as part of its 2023 colour trends forecast.

Forecasting 97

Forecasting Scale Hospitality Hotels 97

Hotel Business

JANUARY 22, 2024

The upper-midscale segment has the highest project count of all chain scales in the total U.S. Together, these two chain scales comprise 62% of all projects in the country’s total pipeline at the Q4 close. construction pipeline at the Q4 close, reaching an all-time high of 2,245 projects/218,112 rooms. to increase 1.4% The post U.S.

Pipeline 59

Pipeline Construction Forecasting Closing 59

Hotel Business

OCTOBER 26, 2023

Analysts at LE report that the upper-midscale chain scale has the largest project count of all chain scales in the total U.S. Following is the upscale chain scale with 1,376 projects/170,943 rooms at the close of the quarter. Together, these two chain scales comprise 62% of all projects and 57% of the rooms in the total U.S.

Pipeline 59

Pipeline Construction Scale Closing 59

Hotel Designs

SEPTEMBER 20, 2023

The Newmor team identified this in its trend forecast for 2023 and luxury brand Bulgari made a bold statement in its Bulgari Hotel London collaboration within multidisciplinary artist and designer Yinka Ilori. It’s playful, joy-inducing stuff. Retro is definitely here to stay!

Forecasting 111

Forecasting Branding Scale Hotels 111

Hotel Business

NOVEMBER 21, 2023

The Middle East, with an average of 239 rooms per construction project, continues to have the largest hotel construction projects in the pipeline of any region in the world, with most of these projects belonging to the top three chain scales.

Pipeline 59

Pipeline Construction Forecasting Scale 59