NEW YORK, NY, September 3, 2024: HVS, the leading global hospitality consulting and services firm, is pleased to announce the launch of TrendTrack CompSet, a proprietary tool that enables hospitality clients to make better business decisions.
This unique tool combines the power of predictive modeling with invaluable human intelligence insights to provide hospitality clients an unprecedented accuracy and foresight in making investment and operational decisions.
At a time when data and analytics are crucial for success, TrendTrack CompSet is unmatched. By combining the capabilities of advanced algorithms with the expertise of in-house experts, HVS has created a tool that not only forecasts operational metrics, but also incorporates human intuition, wisdom, and insights. This multi-faceted algorithmic modeling tool uses a competitive set of historical performance data, together with other macroeconomic data, to deliver 18-month occupancy and ADR forecasts. But econometric models alone often overlook critical situational subtleties specific to individual markets that can materially affect outcomes. The addition of an experienced professional who analyzes influences “beyond the numbers,” such as major weather events, supply changes, and one-time demand occurrences, creates an exceptionally comprehensive assessment.
Stephen Rushmore, CEO of HVS, commented, “By merging the power of predictive modeling with human intelligence, I believe that TrendTrack CompSet will revolutionize how our hospitality clients make strategic decisions, optimize operations, mitigate risk, and drive growth. I’m proud to introduce TrendTrack CompSet to the hospitality industry.”
With more than 40 years of experience guiding clients through hospitality decisions, HVS experts know there is always a balance between data-driven analysis and human expertise. TrendTrack CompSet is designed to bridge this gap, providing owners, operators, and developers a comprehensive solution that combines the best of both worlds. This tool will be invaluable to both independent owner/operators and large management firms.
Media Contact:
Lizzette Casarin
Senior Marketing Director
[email protected]
+1 (720) 244-7620
This unique tool combines the power of predictive modeling with invaluable human intelligence insights to provide hospitality clients an unprecedented accuracy and foresight in making investment and operational decisions.
At a time when data and analytics are crucial for success, TrendTrack CompSet is unmatched. By combining the capabilities of advanced algorithms with the expertise of in-house experts, HVS has created a tool that not only forecasts operational metrics, but also incorporates human intuition, wisdom, and insights. This multi-faceted algorithmic modeling tool uses a competitive set of historical performance data, together with other macroeconomic data, to deliver 18-month occupancy and ADR forecasts. But econometric models alone often overlook critical situational subtleties specific to individual markets that can materially affect outcomes. The addition of an experienced professional who analyzes influences “beyond the numbers,” such as major weather events, supply changes, and one-time demand occurrences, creates an exceptionally comprehensive assessment.
Stephen Rushmore, CEO of HVS, commented, “By merging the power of predictive modeling with human intelligence, I believe that TrendTrack CompSet will revolutionize how our hospitality clients make strategic decisions, optimize operations, mitigate risk, and drive growth. I’m proud to introduce TrendTrack CompSet to the hospitality industry.”
With more than 40 years of experience guiding clients through hospitality decisions, HVS experts know there is always a balance between data-driven analysis and human expertise. TrendTrack CompSet is designed to bridge this gap, providing owners, operators, and developers a comprehensive solution that combines the best of both worlds. This tool will be invaluable to both independent owner/operators and large management firms.
About HVS
With over 35 offices in the United States, HVS’s hospitality intelligence and extensive expertise will help you achieve the results you want. HVS experts are regarded as the leading professionals in their respective regions of the globe. Through a worldwide network of 50 offices staffed by more than 250 experienced industry professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. For further information regarding our expertise and details about our services, please visit hvs.com.Media Contact:
Lizzette Casarin
Senior Marketing Director
[email protected]
+1 (720) 244-7620