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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Forecasting Average Daily Rate Occupancy Tourism 264

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

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

Lodging

JANUARY 23, 2024

HENDERSONVILLE, Tennessee—STR and Tourism Economics ​made minimal adjustments to growth projections in the first U.S. 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.

Forecasting 182

Forecasting Average Daily Rate Occupancy Tourism 182

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

JANUARY 23, 2024

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

Forecasting 182

Forecasting Tourism Hotels 182

Hospitality Net

MAY 1, 2023

The World Travel & Tourism Council’s (WTTC) 2023 Economic Impact Research (EIR) today reveals the U.S. Travel & Tourism sector is forecast to exceed the 2019 peak this year.

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Tourism Forecasting Travel 203

Hospitality Net

JUNE 14, 2024

The hospitality and tourism industry significantly contributes to the global economy. In 2022, the direct contribution of travel and tourism to the global Gross Domestic Product (GDP) was approximately USD 7.7 In 2022, the direct contribution of travel and tourism to the global Gross Domestic Product (GDP) was approximately USD 7.7

Hospitality 274

Hospitality Tourism Forecasting Travel 274

Lodging

JANUARY 18, 2024

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

Travel 290

Travel Business Forecasting Tourism 290

Hospitality Net

AUGUST 9, 2024

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

Forecasting 147

Forecasting Tourism Hotels 147

Hospitality Net

AUGUST 24, 2023

The World Travel & Tourism Council’s (WTTC) Travel & Tourism Economic Impact 2023 Global Trends Report today reveals an encouraging resurgence in Travel & Tourism investment, overcoming pandemic setbacks and signalling a strong return to growth.

Tourism 182

Tourism Forecasting Travel 182

Lodging

JUNE 5, 2023

NEW YORK—STR and Tourism Economics upgraded the 2023 U.S. 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 percent and 1.3 percent and 1.3

Forecasting 147

Forecasting Average Daily Rate Occupancy Tourism 147

Hotel Management

FEBRUARY 13, 2024

Both Melbourne and Sydney properties are forecasted to have 100% occupancy during concert dates and transient revenue is up to 30% stronger in comparison to other popular concerts,” Hutton told HM exclusively, noting that many hotel guests are asking if they are able to decorate their rooms with Taylor merchandise.

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Occupancy Tourism Events Accommodation 290

Hotel News Resource

NOVEMBER 20, 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. hotel forecast revision of 2023.

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Average Daily Rate Forecasting Tourism Revenue 111

Skift Blog

APRIL 13, 2023

Skift Take: Today’s edition of Skift’s daily podcast looks at Waldorf Astoria’s India expansion, American Airlines’ forecasts, and Japan’s tourism shortfalls. Rashaad Jorden Read the Complete Story On Skift

Forecasting 245

Forecasting Tourism Hotels 245

Hospitality Net

MAY 8, 2024

Right in time for IPW, the National Travel and Tourism Office (NTTO) shared updated forecasts that affirm the resurgence of international visits to the United States. According to NTTO, there were 66.5 million international visits the U.S.

Forecasting 130

Forecasting Tourism Travel 130

Hospitality Net

APRIL 28, 2023

Stoneweg Hospitality (‘Stoneweg’), the hotel investment arm of global real estate company Stoneweg, has acquired two hotels in Spain from Globalia Business Corporation, the Spanish tourism group, for €83 million.

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Real Estate Hospitality Forecasting Tourism 253

Hospitality Net

JUNE 5, 2023

STR and Tourism Economics upgraded the 2023 U.S. hotel forecast just presented at the 45th Annual NYU International Hospitality Industry Investment Conference. 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

Hotel News Resource

JUNE 3, 2024

STR and Tourism Economics made significant downward adjustments to the 2024-25 U.S. hotel forecast just released at the 46th Annual NYU International Hospitality Industry Investment Conference.

Forecasting 85

Forecasting Tourism Hotels Hospitality 85

Hospitality Net

JULY 12, 2024

The World Travel & Tourism Council (WTTC) 2024 Economic Impact Research (EIR) forecasts a record-breaking year for Japan’s Travel & Tourism sector, with its economic contribution, job numbers, and visitor spending, all set to reach historic levels.

Tourism 113

Tourism Travel Forecasting 113

Hotel News Resource

JANUARY 23, 2024

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

Forecasting 80

Forecasting Tourism Hotels 80

Hospitality Net

FEBRUARY 1, 2024

Incantation or substantiated forecast? But this come-back to an obsession with volume eventually masks the true value of our tourism. Abandoned in the post-Covid reconstruction phase, the goal of 100 million international tourist arrivals is making a comeback in 2024. In any case, the announcement has had an impressive effect.

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Forecasting Tourism 189

Hospitality Net

JULY 7, 2023

Building upon the significant gains from 2022, new research by MMGY Travel Intelligence indicates that the American tourism industry will experience another blockbuster summer in 2023. According to the latest edition of the research firm’s Portrait of American Travelers® study, more than three-quarters of U.S.

Forecasting 185

Forecasting Travel Tourism 185

Hospitality Net

MARCH 11, 2024

Predicting demand for overnight accommodations is essential for everyone in the hospitality and tourism industry. This blog post investigates the factors that drive travel and offers insights into how accommodation providers can better forecast demand based on the motivations behind a visitor’s journey.

Accommodation 186

Accommodation Forecasting Tourism Business 186

Hotel Business

MAY 1, 2023

The World Travel & Tourism Council ’s (WTTC) 2023 Economic Impact Research (EIR) has revealed that the U.S. travel & tourism sector is forecast to exceed the 2019 peak this year. WTTC is also forecasting that the sector will create more than 1.2 WTTC is also forecasting that the sector will create more than 1.2

Tourism 111

Tourism Travel Forecasting Market 111

Skift Blog

SEPTEMBER 15, 2023

Skift Take: Today's edition of Skift's daily podcast looks closer at Maui’s recovery, Marriott’s carbon footprint, and Spirit’s dispiriting forecast. Rashaad Jorden Read the Complete Story On Skift

Forecasting 290

Forecasting Tourism 290

Hospitality Net

JULY 11, 2024

The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) has today forecast a significant recovery of Azerbaijan’s Travel & Tourism sector, with domestic tourism playing a pivotal role.

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Tourism Travel Forecasting 100

Hospitality Net

JULY 14, 2024

The World Travel & Tourism Council (WTTC) 2024 Economic Impact Research (EIR) forecasts a record-breaking year for Travel & Tourism in the Philippines, with its economic contribution, job numbers, and visitor spending all set to reach new highs.

Tourism 100

Tourism Travel Forecasting 100

Hospitality Net

MAY 23, 2024

BeCause, the Danish start-up transforming how the global hospitality, travel, and tourism industries manage their sustainability data, has partnered with d2o, a leading forecasting and resourcement management technology provider for the hospitality industry, to create a comprehensive Corporate Social Responsibility Directive (CSRD) solution for hotels. (..)

Hospitality 189

Hospitality Forecasting Travel Tourism 189

Hospitality Net

JUNE 28, 2024

The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) forecasts Travel & Tourism will contribute more to Australia’s economy in 2024 than any previous year on record.

Tourism 100

Tourism Forecasting Travel 100

Hotel News Resource

NOVEMBER 19, 2024

The final forecast revision for U.S. hotel growth in 2024 shows downgraded projections for average daily rate (ADR), revenue per available room (RevPAR), and occupancy.

Average Daily Rate 92

Average Daily Rate Forecasting Occupancy Tourism 92

Hospitality Net

MAY 27, 2024

The World Travel & Tourism Council (WTTC) is forecasting an historic year for Canada’s Travel & Tourism sector this year, with the economic contribution set to reach an all-time high of almost $182BN.

Tourism 100

Tourism Travel Forecasting 100

Hospitality Net

MARCH 14, 2024

This report covers 39 destinations within Asia Pacific forecasting from 2024 up to 2026 in a series of three possible scenarios.

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Forecasting Tourism Market Marketing 130

Hotel Management

NOVEMBER 30, 2023

Uluru is set for a tourism boost with Virgin Australia announcing two new direct services from Melbourne and Brisbane to be introduced from June next year. The new services will also support the growth of the Indigenous Tourism sector, contributing to the Northern Territory’s more than $3 billion visitor expenditure.

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Tourism Travel Forecasting Services 130

eHotelier

FEBRUARY 16, 2023

This strong tourism rebound is expected to continue well into 2023, though at a slower pace. Looking forward, international travel to Europe is forecast to reach pre-pandemic levels in 2025, while domestic travel will fully recover in 2024. The latest data indicates a recovery of 75% of 2019 travel volumes to Europe in 2022.

Tourism 97

Tourism Forecasting Travel 97

Hotel Speak

JUNE 11, 2024

New consumer preferences and habits have emerged in the first half of 2024 in an Asia Pacific tourism sector which is recovering from the pandemic years in an uneven manner. Could AI bots replace tourism forecasters in universities? “We China as a destination has its challenges too. So far we’re safe,” he quipped.

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Tourism Forecasting Consumer Travel 90

Hotel Business

AUGUST 22, 2023

The World Travel & Tourism Council’s (WTTC) Travel & Tourism Economic Impact 2023 Global Trends Report has revealed an encouraging resurgence in travel & tourism investment, overcoming pandemic setbacks and signaling a strong return to growth. ” A look into the future WTTC forecasts robust 11.5%

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Tourism Travel Forecasting Closing 98