Heidi Gempel of HGE International joins us to discuss whether revenue forecasting can be accurate or relevant today, or are we starting with a blank sheet of paper?
US hotel industry forecast adjusted in response to winter and vaccines
Projections of U.S. lodging industry recovery beginning in earnest during the second half of next year, according to CBRE’s latest hotel forecast.
Technavio: Global Online Travel Booking Platform Market 2018-2022
11% CAGR projection through 2022
The secret recipe for your hotel
To get your non-financial managers to play ball with their numbers in your hotel you need a system that they can follow, a sort of road map they can use to stay on track every month. Teach them this and you will have an engaged team that buys into playing their financial part.
The sacred forecast – why a hotel should do it
A closer look at three main reasons why forecasting is crucial for the success of a hotel and why accuacy is as important as achievement.
US hotel industry remains stagnant
The probability of the hotel industry being in recession has been in a range between 40% to 46% in the last seven months indicating that the industry is in a major slowdown near the borders of the recession.
Slower growth forecast for U.S. hotels
The U.S. hotel industry is projected to experience continued performance growth through 2017, albeit at a slower rate, according to STR and Tourism Economics’ most recent forecast
Strong revenue growth predicted for Asia-Pacific hotel sector in 2016
Sixty-five percent of attendees at a summit of hotel professionals forecast six percent or more revenue growth, but they acknowledge oversupply and new competition as ongoing concerns.
US hotel industry knocking on recession’s door: Hotel Industry’s Pulse indicator
e−forecasting.com’s HIP – a predictive analytic which gauges monthly overall business conditions for hotels – stalled, posting a nil growth rate in April after an increase of 0.1% in March.
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