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RateGain Barcelona Hotel Revenue Summit
- 1. Hotel Revenue Summit B a r c e l o n a , 2 7 t h M a y 2 0 1 5 . W B a r c e l o n a Presented By: Yogeesh Chandra Executive Vice President - Hospitality
- 3. THREE LARGE DATA SOURCES INDUSTRY • RATEGAIN • OTHERS INTERNAL • HOTEL DW • OMNITURE • ANALYTICS 3rd PARTY • BLOOMBERG • OXFORD UNITERSITY • UN WTO • CONSUMER INSIGHTS
- 5. Things are CHANGING in EUROPE
- 6. WHAT’s CHANGING AROUND US More Growth in 2015 Bercelona, Rome, London, Paris, Lisbon, Berlin in TA Top 25 Clients seeking Shared and Authentic Local Experience Sharing Economy – AirBnB – 6 Million Guests in 190 Countries AirBNB Geneva has reached 16% of Hotel Room Supply Source: Economic Forecast PwC 2015 STR Global for Benchmarking
- 7. SUPPLY OUTLOOK Over 50,000 new rooms added in Europe in 2014 New Pipeline is less than 2013 by 14,000 Enhancing the quality – 79% Planning Refurbishment (Choice Hotel Pulse Check) 2015 – Best positioned Cities include Dublin, Madrid, London Rom, Prague, Porto Amsterdam, Edinburgh and Barcelona whereas…Geneva, Zurich and Moscow not really Growth Driven by ADR and Occupancy. Dublin @ 7%, Madris 5.6%, BCN 3.5% Source: Economic Forecast PwC 2015 STR Global for Benchmarking
- 8. Madrid at number 2 and BCN at number 9 in cities with RevPar growth Forecast Source : Room For Growth 2015 PwC report RevPAR GROWTH FORECAST FOR EUROPE 2015 and 2016
- 9. BCN Moves a Rank up in Occupancy. Madrid maintains its position GOOD NEWS FOR BARCELONA (Occupancy Tracker) Source : Room For Growth 2015 PwC report
- 10. Source : Room For Growth 2015 PwC report BCN Moves 2 Ranks up in ADR. Madrid moves a rank up GOOD NEWS CONTINUES ( ADR Tracker)
- 11. RevPAR Tracker So there is more Revenue to be made….How will you Capitalize on this sentiment? Source : Room For Growth 2015 PwC report
- 12. CURRENCY FLUCTUATION – How would you use it - How did the business grow in 2006? - USD is at an all time high in the last 10 years – How would you tap this source market? Source: XE.com
- 13. The Dropping OIL - You just became more expensive for Russia - Have Airlines dropped their prices yet? Source: XE.com
- 14. - Adventure Tourism - Cultural Tourism - Blue Tourism - Language Learning WHAT DO TRAVELLERS LIKE TO DO HERE? Source : EU COMMISSION REPORT Tourism Industry report