by Ross Woods | Aug 31, 2019 | Blog
Indonesia’s star-rated hotels across the 34 provinces hosted 103.4 million room nights in 2018, up 10.7% from 93.4 million in 2017. Over the past five years (2013-2018) the demand for star-rated hotels (room nights occupied) has grown at a robust CAGR of 16%, compared...
by Ross Woods | Aug 27, 2019 | Blog
Over the past couple of years we have used Dynamic Factor Models (DFM) to supplement the forecasting methodologies that have proven to be the most appropriate for hotel market forecasting – curve fitting, exponential smoothing, Box-Jenkins, Bass diffusion,...
by Ross Woods | Aug 14, 2019 | Blog
Seasonality has a profound impact on the efficiency and profitability of hotels. It is a crucial challenge for the lodging industry and has been held responsible for creating many difficulties faced by the industry: problems in gaining access to capital, in obtaining...
by Ross Woods | Aug 11, 2019 | Blog
With tourist arrivals almost doubling over the past five years, growing from 8.8 million in 2013 to 15.8 million in 2018, Indonesia’s star-rated hotel supply has experienced a dramatic expansion over the same period. Driven by the growth in inbound visitor arrivals...
by Ross Woods | Aug 7, 2019 | Blog
Seasonality is such an important part of the lodging industry and so ubiquitous that we tend to treat the phenomena as static and not evolving over time. Seasonality causes the fluctuation in demand for guest rooms and other services such as food and beverage and...
