The Growth of Yogyakarta’s Hotel Sector 2003-2018
Yogyakarta, the capital city of the Special Region of Yogyakarta in Indonesia, continues to capitalize on the Indonesian Government's initiative to develop ten new tourist hubs across the country, known as the "Ten New Balis". Located approximately 40 kilometers...
Growth in the Supply of Star-Rated & Unclassified Hotel Rooms in Bali by Regency 2000-2018
The pace of hotel development in Bali has accelerated over the past five years according to data from BPS-Statistics of Bali Province's annual Hotel Survey. Over the past five years, the number of star-rated hotel rooms has grown at CAGR of 16.3% compared to a CAGR of...
Short-Term Forecasts of Visitor Arrivals to Bali, 2019-2021
We are pleased to provide this updated executive summary of our report titled "Short-Term Forecasts of Visitor Arrivals to Bali, 2019-2021." The full report can be downloaded at the end of the post. Subscribers to the report will receive a complimentary update of our...
Growth of Star-Rated Hotel Room Demand by Indonesian Province & Star Rating 2013-2018
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...
Dynamic Factor Models Used to Forecast RevPAR in U.S. Hotel Markets
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, econometric...
The Peaking Index – A Valuable Tool for Selecting & Targeting Hotel Markets
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...
Hotel Efficiency Rankings, Targeted Peer-Based Improvements & Cost Savings for a 26 Hotel Portfolio in Indonesia
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...
Seasonality Trends in the U.S. Lodging Industry 1987-2018
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...
U.S. Hotel & Domestic Airline Revenues Hit All-Time High in 2018
Traditionally enjoying a symbiotic relationship, U.S. hotels and U.S. domestic airline carriers recorded all-time high revenues in 2018, following all-times highs in 2017. The lockstep nature of the relationship is reinforced by the high correlation between the growth...
Oravel Stays muscles its way into the U.S. Economy Hotel Market
OYO, an Indian based hospitality company, with a string of franchised budget hotels in India, Malaysia, China and more recently Indonesia, has recently launched its entry into the competitive U.S. economy hotel market with a number of properties in Texas. It has also...