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asianhospitality

STR Predict For U.S. Hotels To Be Full Recovery This Year - 0 views

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    THE U.S. HOTEL industry is on track to full recovery from the COVID-19 pandemic, according to STR's latest industry forecast. Progress may be uneven, however, as some obstacles, such as labor costs, still remain. ADR will near full recovery in 2022, averaging $130 while occupancy for the year is predicted to reach 63.4 percent. RevPAR's average for the year is set to be $82,down 4 percent compared to 2019, but it is expected to be fully recovered in 2023, according to the forecast given at the 43rd Annual NYU International Hospitality Industry Investment Conference. STR and Tourism Economics said changes in the nation's economy warranted the new forecast. "We have essentially moved up the top-line recovery timeline by one year, with the caveat that improved RevPAR projections are largely due to ADR," said Amanda Hite, STR's president. "ADR has risen more rapidly than we expected-in some cases, that rise was due to strong demand confronting capacity constraints, which enabled solid revenue management, while in other cases, the rise was more influenced by inflation. When adjusted for inflation, RevPAR is further off the pace and will likely remain below 2019 levels until at least 2025. Other than the first quarter of 2021, demand has mostly adhered to the forecast with strong leisure travel, slowly improving group business and an expected progressive increase in international arrivals next year. Of course, these are all national projections of top-line performance. Recovery is not playing out the same across the marketplace, and as noted in our latest monthly P&L release, the cost of labor is adding pressure on the bottom line, which is a contributing factor to many hotels driving rate. Recovery is progressing at a solid rate no doubt, but there will still be plenty of ups and downs along the way."
Niharika Anand

Who will be the next U.S. President ? | Around the world - 0 views

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    Still Predicting who will be the next US President, here is the complete information and updates on US Presidential Election 2016.
relevanceweb bookmarking

2018 IDEAL INTERIOR DESIGN TRENDS: MORE IS MORE - 0 views

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    Interior design trend predictions for the coming year have arrived, and 2018 is looking like a very visual feast, indeed.
RailMitra

Check Your PNR Status Before Boarding a Train - 0 views

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    The PNR number is declared on the ticket to obtain detailed information about the train status, booking confirmation, arrival and departure and more. You can know the status of your waitlisted ticket through the IRCTC PNR status checking app as well as RailMitra App. The PNR prediction indicated by RailMitra is 99% accurate as it's backed by AI-integrated data analysis. To check Pnr status visit:- https://www.railmitra.com/pnr-status
grandadventures

ATV Off-road Tours in Colorado Still Functional Amidst The Pandemic? | Grand Adventures - 0 views

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    The Colorado touristry trade was one in every of the toughest hit throughout the pandemic, the state lost a humongous $9.7 billion in travel disbursement, down a half percent over a year to not mention what the loss did to jobs within the trade. With demand for outdoor recreation much more than ever before, the trade is predicted to create a robust comeback. If your google is all about ATV Tours Near Me, then what you're about to read is going to get you all excited. Grand Adventures has been working and have successfully adjusted their norms back to normal in accordance with local officials and government guidelines.
asianhospitality

Collazo Is New VP Of Analytics For STR- Asian Hospitality - 0 views

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    Isaac Collazo is the new vice president of analytics for STR. Previously, he was vice president of capacity at InterContinental Hotels Group. Previously, Collazo conducted performance analysis, predictive analytics, modeling and macroeconomic interpretation for Marriott International, Promus Hotel Corporation and La Quinta Inns & Suites. He also is a content committee member for STR's Hotel Data Conference. "Isaac will be an immediate voice in conversations around STR methodology as well as our ongoing product development in the CoStar platform," said Amanda Hite, STR president. "Long-term, he'll contribute to the evolution of the holistic solution we will deliver to the industry." Commercial real estate research company CoStar acquired STR in 2019. Collazo called the new position a "dream come true."
asianhospitality

7 Changes To Hospitality From Covid-19 -19-Asian Hospitality - 0 views

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    THE HOTEL INDUSTRY is one of the badly hit sectors across the world due to COVID-19 pandemic. Now, as expected, the recovery process is also slow in the segment. But there are some changes in hotels happened due to the pandemic. Experts say that these will be permanent in the future. Hilton has listed seven temporary adjustments which will become permanent and the impact of the pandemic on hotel stays in the future. These are the predictions in hotel experience from Hilton which travelers can expect in years to come. Hotel design The future of hotel public space design will embrace social distancing, enable contactless guest journeys, and deliver innovative new ways of blurring the lines between indoors and out.
asianhospitality

Report: Travelers In 2022 To Focus On Reconnection - 0 views

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    TRAVELERS IN 2022 will prioritize reunion and reconnection as the pandemic separated families and friends, according to a report by Hilton. The pandemic has led to several other changes as well, the report found. This year, travelers are expected to care more about sustainability and community efforts, according to Hilton's "The 2022 Traveler: Emerging Trends and the Redefined Traveler" report. They also are looking to remain loyal to brands, companies and organizations that align with their values, according to the report. "People have embraced efficiencies in many aspects of life and will be looking for similar conveniences in their travels, like contactless check-in and check-out and digital keys. With a reimagined workplace and new routines and habits in place, travelers will be looking for more grounding and balance in their travel schedules," the report said. New and refreshed hobbies are leading to a more informed, sophisticated, and, in some cases, in-shape 2022 travelers, the report said. This trend is expected to drive demand for new fitness and culinary options, as well as unique travel experiences.
asianhospitality

AAA Predicts 109 Million People Will Travel For Christmas - 0 views

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    MORE THAN 109 million people are expected to travel over the Christmas and New Year's holidays, most of them on the road as gas prices drop, according to AAA Travel. The COVID-19 Omicron variant is having an impact, primarily to lower gas prices. The number of travelers going 50 miles or more between Dec. 23 and Jan. 2 is a 34 percent increase from 2020, AAA said in its travel forecast. That extra 27.7 million people traveling brings this year's numbers to 92 percent of 2019 levels. "Americans who canceled their vacations in 2020 want to gather with family and friends for the holidays this year, although they will still be mindful of the pandemic and the new omicron variant," said Paula Twidale, senior vice president of AAA Travel. "With vaccines widely available, conditions are much different, and many people feel a greater level of comfort with travel." As in years past, driving remains the most popular form of travel, with more than 100 million planning to get behind the wheel. More than 6 million people are expected to travel by air, while 3 million people are booking buses, trains and cruises.
manjunath ap

Travel Tips for First-Time Travelers - 0 views

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    Whenever it comes time to travel to a new destination, there are a few things that worry any traveller. Be it communication difficulties, lost or missing valuables, missed flight or illness. Such situations are common among travellers and can be difficult to predict. However, with the travel tips for first-time travelers, such situations can easily be avoided with the right planning and preparation. Few things in life offer as much experience and development as travel. From packing up your bags to find out the destination there are so many things to consider as a first time traveler. Exploring new places, culture, people, and exposed to so many new things that you never imagined.
asianhospitality

Workforce management software eases staffing shortages - 0 views

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    WORKFORCE MANAGEMENT SOFTWARE can help hotels better deal their reduced workforce, according to a white paper from Unifocus. The paper examines the persistent labor shortage in the hotel industry, while outlining strategies for operators to adapt for sustained efficiency and profitability. The white paper, titled 'The hotelier's definitive guide to success amid staffing shortages,' offers strategies for cost control, optimizing staffing, and reducing turnover to create a sustainable and predictable operational framework, Unifocus said in a statement. It gives insights into lessons drawn from the gig economy, strategies for upholding service excellence with fewer available workers, and means to assess the sustained advantages of these approaches. Roughly 92 percent of hotels experiencing staffing shortages despite job growth in the second quarter of 2023, Unifocus said.
asianhospitality

Reports: Recovery will continue in 2023 despite possible downturn - 0 views

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    THE HOTEL INDUSTRY is poised for a fairly strong year in 2023 despite remaining concerns about a downturn, according to a pair of reports. Continuing demand is expected to overcome extra labor costs and economic vagaries to propel performance above pre-pandemic levels, according to the reports from the American Hotel & Lodging Association and STR. The state of the industry AHLA's 2023 State of the Hotel Industry Report projects that demand, nominal room revenue and state and local tax revenue all are well on the way to recovery. Operational challenges, such as staffing shortages and economic factors will replace COVID as hoteliers' top concerns, the report predicts. "Three years after the unprecedented hardships our industry faced due to the pandemic, hotels continue to make significant strides toward recovery," said Chip Rogers, AHLA president and CEO. "2022 saw one of the strongest summer travel seasons ever, and this year we expect hotels to reach new heights in terms of room revenue, room-night demand and state and local tax revenue. But when inflation is taken into account, our industry likely won't see full recovery for several more years. Nevertheless, hotel performance is trending in the right direction - great news for our industry and our employees, who are enjoying better pay, more career opportunities, upward mobility and flexibility than ever before."
asianhospitality

CBRE revises forecast for second quarter, predicts growth in 2023 - 0 views

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    CBRE HOTELS RESEARCH has once again revised its forecast for the second half of 2022. The revision is mainly due to strong gains in the second quarter and expectations of positive growth next year. RevPAR for the second half of the year will rise to 14.7 percent year-over-year, up from the previous projection of 13.1 percent in May, according to CBRE. The reasons for the spike are a 3.5 percentage point increase in ADR and a 2.2 percentage point reduction in CBRE's demand forecast. Second quarter RevPAR reached $98.84, up 38 percent year over-year, and an all-time quarterly high at 106 percent of 2019's level. RevPAR growth was driven mainly by ADR, up 25.5 percent, followed by occupancy, up 9.9 percent.
jennywood790

Hopper- Cheap Flights, Airline Tickets and Hotel Booking - 0 views

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    Hopper is a popular travel app that helps users find the best deals on flights and hotels. The app uses advanced algorithms to analyze and predict flight prices, providing users with recommendations on the best times to book. With Hopper, users can save time and money on travel by finding the most affordable options available. The app also offers a range of features, including real-time notifications and personalized recommendations, to help users plan and book their trips with ease. Whether you're planning a weekend getaway or a long-term adventure, Hopper can help you find the perfect travel deals.
asianhospitality

STR: U.S. hotel performance dips in the first week of July in holiday trend - 0 views

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    U.S. HOTEL PERFORMANCE dipped in the first week of July when compared to the week before mainly due to decline in demand on account of the Independence Day holiday, according to STR. STR predicted that occupancy and demand are likely to fall again for a week before strengthening in the remaining weeks of July. Occupancy in the week before the holiday fell by more than four percentage points with most of the losses beginning on Wednesday and continuing into the weekend. Since 2000, the fourth of July holiday has fallen on a Monday seven times, including in 2021 and in 2016. Occupancy was 67.3 percent for the week ending July 2, down from 72.3 percent the week before and dropped 2.9 percent from 2019. ADR was $153.32 for the week, declined from $157.05 the week before and increased 19.7 percent from three years ago. RevPAR reached $103.24 during the week down from $113.55 the week before and up 23.1 percent from 2019.
asianhospitality

CBRE forecasts RevPAR to regain 2019 levels by 3rd quarter - 0 views

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    A STRONGER THAN expected performance by U.S. hotels in the fourth quarter of 2021 led CBRE Hotels Research to upgrade its forecast for the rest of 2022. CBRE now forecasts RevPAR will reach 2019 nominal levels by the third quarter of this year, one year earlier than the previous forecast. Occupancy is expected to rise 6.7 percent to 61.3 percent this year, then rise 5.2 percent to 64.4 percent in 2023. ADR is forecast to rise 10.1 percent to $133.94 in 2022 and go up 6 percent more to $141.99 in 2023. CBRE expects RevPAR to rise 17.5 percent in 2022 overall to $82.04 and then rise 11.5 percent to $91.46 in 2023. Positive trends, such as high employment and the return to the office for many workers who had been working from home contributed to the revised forecast, CBRE said. Other factors contributing to the improvement include below-average supply growth, strong domestic leisure trends, the resumption of inbound international travel and a predicted return to office later this year. However, ongoing inflation and geopolitical tensions connected to the war in Ukraine still threaten progress.
Marietta Nixon

Planning Your Winter Vacation - 0 views

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    With winter approaching fast, it's no surprise sunnier states are seeing an increase in hotel bookings as well as flights for the winter. This winter, predicted to be one of the coldest, is already on everyone's mind and people are beginning to plan their winter getaways to warmer climates, such as Florida, California, and Mexico.
Alex Parker

Predictive flood modelling - Cranfield University's solution to flooding on Britain's r... - 1 views

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    Train delays consistently rank high on the list of rail travellers' main bugbears and, according to their own figures, in the UK some 60% of delays can be attributed to Network Rail. Contributing to this unhappy statistic are factors including infrastructure faults, trespass, vandalism and cable theft - but arguably the most significant, and potentially the most costly, is the weather.
jacksonjohn22

IRCTC PNR Status Live Enquiry | Indian Railways PNR Status Online - RailYatri - 0 views

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    Check Indian Railways PNR Status online. Use PNR Number to know live prediction of waitlisted train tickets. PNR Number is a 10 digit number found on your ticket.
RailMitra

What Does 10 Digit PNR Number Signify? - PNR Status - 0 views

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    PNR is the short form of 'Passenger Name Record'. This 10-digit unique identification number is generated every time you book a ticket, whether from counters or online via the IRCTC website/ third-party apps. That means PNR status 10 digit numbers will be different for separate journeys. It has a very low chance of getting a confirmed seat. Everybody wants to have a safe and comfortable journey. So it is best to keep checking IRCTC PNR status 10 digits to avoid any unwanted troublesome circumstances. To check Pnr status visit:- https://www.railmitra.com/pnr-status
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