American hotel forecasts remain stable in 2025-gathering (meeting |
Costa and Tourism Economics have the least adjusted growth forecast for the first hotel forecast in the United States in 2025, and have just been released at the American Accommodation Summit (Alis). For 2025, the expected daily tax rate (ADR) and the available room income (REVPAR) are expected to be unchanged, respectively,+1.6 % and+1.8 %, respectively. The one -year check rate increased by 0.1 PPTS to 63.1 %. "Although business optimism is getting greater and greater, economic data has not changed significantly compared with previous forecasts." "The performance seen in the fourth quarter is stronger. (Including holiday travel compression and incidents related to weather), it does not constitute a change in trends. High -end hotels will continue to promote industry performance. "It is expected that the economic situation in 2025 will provide a favorable background for travel activities. The unemployment rate is low, the inflation rate is slow, and consumers are spending, especially those families with high income. Commercial investment…
Global DMC Partner Key Trends and Forecasts to 2025
(Global DMC partner pictures Catherine Chaulet, President and Chief Executive Officer Submitted by Claire Kunzman on behalf of DMC, Everything But Advertising washington d.c. – The meetings and events industry continues to accelerate, driven by a combination of innovation, changing consumer priorities and global challenges. From her global perspective, she leads the world’s largest network of independent destination management companies (DMCs) and specialist event service providers, Global DMC partners President and CEO Catherine Chaulet keeps a close eye on broader business and industry trends. She recently laid out 10 key predictions for meeting and event professionals to pay attention to as we enter 2025. “Overall, the events industry is embracing a future that values intentionality, resiliency and sustainability, while balancing the transformative potential of technology with the irreplaceable power of human connection,” said Chaulet. “As planners navigate these trends, The focus remains on creating meaningful, forward-thinking events.” Planners are choosing increasingly diverse destinations In addition to traditional destinations, planners are…
Hapag-Lloyd and Maersk raise profit forecasts on Red Sea
Hapag-Lloyd followed future alliance partner Maersk in raising its profit outlook for 2024, citing higher-than-expected demand and rising freight rates despite operational challenges. Also read: Maersk predicts Red Sea conflict to lead to prolonged trade disruptions in 2024 The German shipping giant announced preliminary results for the first nine months of 2024, with group EBITDA of approximately $3.6 billion (€3.3 billion) and group EBIT of approximately $1.9 billion (€1.8 billion). "Given that the current business is characterized by stronger-than-expected demand and higher freight rates, we are revising our earnings outlook upwards for 2024, despite higher costs from vessels around the Cape," the company said in its 2024 report. statement. Upgrade financial guidance Hapag-Lloyd now forecasts that its full-year group EBITDA will be between US$4.6 billion and US$5 billion, up from its previous estimate of US$3.5 billion to US$4.6 billion. Group earnings before interest and tax are expected to increase to US$2.4 billion to US$2.8 billion, compared with the previous forecast…
Rivian cuts production forecasts as third-quarter deliveries drop
The automaker expects to produce 47,000 to 49,000 vehicles by the end of 2024. Rivian had expected to produce 57,000 vehicles this year, the same as in 2023. Supplier issues are partly to blame for the slowdown. Rivian deliveries fell in the third quarter and the electric car maker slashed production targets for the rest of the year. Rivian will likely produce fewer vehicles by the end of 2024 than it did last year. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP"){ adpushup.triggerAd("4d84e4c9 -9937-4f84-82c0-c94544ee6f2a"); } else{ adpushup.triggerAd(" 6a782b01-facb-45f3-a88f-ddf1b1f97657"); } }); Rivian delivered 10,018 vehicles between July and September. This was a significant decrease from the 13,790 units delivered in the second quarter and the 13,588 units delivered in the first quarter. Production increased from 9,612 vehicles in the second quarter to 13,157 vehicles in the third quarter, but was still lower than the 13,980 vehicles Rivian produced in the first quarter. The automaker blamed…
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