E-forecasting.com and Hotstats Release Dubai Hotel Market Profitability Forecast With Hotel Industry Leadign Indicator For UAE
In December, e‒forecasting.com's UAE HIL (hotel industry leading indicator) declined 0.5% to 181 from 182 in November. The UAE HIL is set equal to 100 in 2005.
Based on United Arab Emirates' Hotel Industry Leading (HIL), the probability of an upcoming recession for the national hotel industry registered a reading of 70.1% in December of 2015, which is 7.7 percent points higher than the recession risk posted in November.
The six-month smoothed annualized growth rate of UAE HIL posted a reading of (‒0.1%) in December of 2015, after an expansion signal of (+1.3%) in November.
“Over the last three months, the probability of an upcoming recession in the UAE hotel market has been over the threshold of 50%. Hoteliers in the region need to properly plan for this upcoming reality for their properties and adjust their rate plans and marketing strategies accordingly,” commented Maria Sogard, CEO of e-forecasting.com.
These drivers and more are all used in the development of the quarterly hotel market profitability forecasts, a result of a predictive intelligence collaboration between e-forecasting.com and HotStats to provide in real time monthly hotel insights with a competitive advantage for UK, European and MENA top destinations. The HotStats hotel database, which is immense and industry's most comprehensive, coupled with e-forecasting.com's over 20 years expertise in forecasting hotel markets around the world with the industry's best accuracy record is brings to the market an unparalleled decision-making tool for hoteliers and executives in hotel-related businesses.
In addition to reporting on forecasts of the hotel metrics of occupancy, ADR and RevPAR, the quarterly Hotel Market Profitability Forecasts 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.
About e-forecasting.com
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.
About HotStats
HotStats, a leading firm in the hotels, tourism and leisure industries, provides a unique profit and loss benchmarking service to hoteliers from the UK, European and MENA markets, with more than 100 performance metric comparisons covering 70 areas of hotel revenue, cost, profit and statistics. For more information visit www.hotstats.com