RevPAR for the total US hotel market is forecast to rise 7.6% in 2014 then edge up 0.3% in 2015 according to the e-forecasting.com baseline forecast released in their US Total Monthly Hotel Forecast reports using historical data from trivago.
"With our May Monthly Hotel Forecasts for total US, we are forecasting a 3.2% increase in online ADR next year followed by a strong 2016, " commented Maria Sogard, CEO of e-forecasting.com. Sogard added, “the US hotel industry continues to significantly outpace the overall US economy, with a 3.6% forecasted increase in unit profit for the third quarter compared with 0.3% growth for the overall US economy year over year during the same time frame.”
In addition to reporting on forecasts of the hotel metrics of occupancy, online ADR, RevPAR, unit costs and unit profits, the Monthly Hotel Forecasts for the US also provide in depth analysis of the economic environment and how it relates to the forecast for each hotel market. This additional analysis includes country-wide hotel industry pulse (HIP) and hotel industry leading indicator (HIL) monthly readings, probabilities of an upcoming recession in the hotel industry, the country's monthly GDP, a foreign travel leading indicator specific to each market, labor market conditions, inflation, exchange and interest rates, energy prices and special events. Each Monthly Hotel Forecast includes predictions for 24 months, 8 quarters and three years out for each of the key hotel performance metrics. It is available on an annual subscription basis. Geographic coverage of Monthly Hotel Forecasts also includes key European markets using historical data from HotStats, the hospitality intelligence provider.
e-forecasting.com, an international economic research and consulting firm, offers forecasts of the economic environment using proprietary, real-time economic indicators to produce customized solutions for what’s next. e−forecasting.com collaborates with domestic and international clients and publications to provide timely economic content for use as predictive intelligence to strengthen its clients’ competitive advantage. For more information visit www.e-forecasting.com
Founded in Düsseldorf in 2005 with operations in 39 countries, trivago is the world’s largest online hotel search site, comparing room rates from over 700,000 hotels on over 200 booking sites worldwide. Each month, more than 45 million visitors use trivago’s unique online technology, which compares 5 billion hotel deals a day - more than a trillion a year - and saves them an average of 35% per booking. Visit online http://www.trivago.com.
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