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?
Projections of U.S. lodging industry recovery beginning in earnest during the second half of next year, according to CBRE’s latest hotel forecast.
11% CAGR projection through 2022
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.
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.
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.