October 2011 Press Release of e-forecasting

Press Releases of e-forecasting

  Hotel Industry Pulse: HIP   |  Hotel Industry Leading: HIL   |  HIP & HIL Press Releases
BUSINESS AND ECONOMIC NEWS FOR WHAT'S NEXT
Be informed with e-forecasting's LATEST PRESS RELEASES


Free email notification
when we post new items of interest to you.

Subscribe-forecasting, is a business Consulting Firm located in Durham, NH, providing Forecasting Services to its clients wordwide. Subscribe to our Mail List and recieve free email notification when we post new items of interest to you and your business.
 
 
to e-forecasting's
Mail List

  

 

 





Enter e-forecasting's e-store

EFC Hotel News Update

EDITOR'S NOTE

April 20, 2015
e-forecasting.com eNews
 

Hotel Market Profitability Forecasts, US Online ADR, HIP & HIL Indicators

Our hotels team is hard at work bringing in a whole slue of new hotel information for our clients worldwide.

With our most recent international profitability forecasts, we had a few questions on our outlook and will share our responses below to help build your understanding of our reports and coverage.

We'll also highlight some of our US online ADR and profits info we produce each month in conjunction with trivago and our HIP & HIL indicators for our major markets.

Any questions on what we can do for you and your properties, just let us know.

Thank you as always for keeping up with our hotel data and insights.
The e-forecasting.com hotel research Team!

Hotel Profitability Forecasts Q&A

 

Question 1: Can you help explain your seemingly high GOPPAR growth for 2015 for Dubai?

Answer 1: The forecast reflects an “abnormal” factual data on GOPPAR that took place in 2014 and there is not a seemingly error in the modeling or forecast values. Specifically, the growth rate (43.67%) is calculated comparing actual (factual) data for 2014 with our forecast for 2015.

In 2014, during Ramadan period (third quarter), Dubai hoteliers realized GOPPAR of just $62.75 (by month: Jul $0.07, Aug $76.62, Sep $111.58). This compares with $308.55 in the first quarter, $216.25 in the second quarter, and $299.64 in the fourth quarter. It seems Dubai hoteliers lower prices, kept services at same high levels (same costs) accepting zero profits (losses) in operations, given the Ramadan and the geopolitical situation at that time.

As the forecast table on page 9 shows, GOPPAR is forecast in the third quarter of 2015 is “normal,” assuming the abnormal conditions of 2014 will not be repeated. We forecast for the third quarter 2015 GOPPAR....
for more information on forecast results, sign on for a report!

Question 2: Can you help explain your TRevPAR forecast for London?

Answer 2: In 2014 there has been a change in the relation between RevPAR and TRevPAR with TRevPAR growing faster than RevPAr. It was due to the changing mix of growth in demand from the low growth countries to growing countries and to countries with strong currencies, US, UAE, etc. As a result the demand for non-room services has started to grow faster than the demand for rooms.

In 2015 this trend will continue as oil prices will be rising and dollar – club currencies will be high. In addition, visitors from these countries (including domestic) have a higher response for non-room services (elasticity) with respect to a rise in their incomes.

This high TRevPAR relation will peak in the fall of 2015 and will converge in 2016 slightly above growth parity, occupancy and room growth will stall.

Question 3: What kind of forecast error do you have?

Answer 3: Our average forecast error one quarter out for the London market are as follows:

  • GOPPAR: -4.8%

  • TRevPAR: -0.9%

  • Occupancy: -1.1%

  • ADR: -7.5%

  • RevPAR: -8.4%

 

US Hotel Forecast Report

 

e−forecasting.com's Smoothed Seasonally Adjusted (SSA)˛ U.S. average online room rate has hit $197.35 in April. On a month-over-month basis - the hoteliers' analytic for tracking changes of what's now vs. what's happened in comparison to twelve months ago - SSA online ADR this April is up (+0.4%) from the previous month, which is the same percent change as in the previous month. Looking at the top-25 hotel destinations, the month-to-month percent change in April ranges from a high of (+2.6%) in Phoenix to a low of (−0.6%) in San Jose. Amongst the top-25 destinations, the SSA online monthly room rate is growing in 18 cities; and is falling or staying flat in 7 cities.

"The latest US Monthly Hotel Forecast predicts the US occupancy to average 63.1% in 2016 a decline of 1.6 percent points from 2015," said Maria Sogard, CEO of e-­forecasting.com.

 

A Look @ HIP & HIL Around the World


US - HIP up 0.3%, six month growth rate above trend; HIL down 0.1% in February, recession probability 2.3%


UK - HIP up 0.9%, six month growth above trend, HIL up 0.7%, recession probability 1.4%


Germany - HIP up 0.3%, HIL up 0.1%, recession probability 28.2%


United Arab Emirates - HIP up 0.2%, HIL down 0.4%, recession probability 41.2%


* Data all pulled from our HIP and HIL reports, available as highlights in our hotel forecasts (profitability forecasts available quarterly) and as separate reports which are updated monthly.


 

New Month, Time to Update Your Subscriptions for Full Reports! !

 

While the Philly Fed takes a snooze on updating state leading indicators till further notice, we will continue to maintain this important database, with our February results now in. Poor Texas has declined five months in a row due to lowered oil prices. How is your state and region doing? It may be time to turn to e-forecasting as your true and trusted source for state leading indicators.

 

We have released our next round of quarterly hotel profitability forecasts in partnership with HotStats in key European markets, with the addition of Dubai as well. Forecasts include 8 quarters of forecasts on key performance metrics of TRevPAR, GOPPAR, RevPAR, occupancy and room rate. These aren't your father's hotel forecasts, welcome to the next generation of hotel forecast reports.


 


 

check out the e-forecasting.com e-store for more products

Stay tuned to e-forecasting.com for 100% unbiased economic news and information. Want to share with your circles? Social share buttons to make it easier:

Facebook
Facebook
Twitter
Twitter
LinkedIn
LinkedIn
Email
Email
e-forecasting.com e-store
e-store

-forecasting

Ask for a free Sample or Order by Email:

US Leading Economic Indicator
State Leading Indicators
Global Leading Indicators

-forecasting

Ask for a free Sample or Order by Email:

Global Forecasts
US Macro Monthly Forecasts
State Forecasts of Economic Indicators

-forecasting

Ask for a free Sample or Order by Email:

US Industries Forecasts
Forex and Metals Forecasts
Company Specific Forecasting Reports

Home  |  What We Do  |  Why It Works  |  How It Works  |  Free Quote  |  About Us  |  Search   |  Site Map  |  Links

  Copyright 2015 e-forecasting.com  © All rights reserved info@e-forecasting.com