New report points to stable remote camp industry, despite drop in oil prices
EDMONTON, June 29, 2015 /CNW/ - Today, Orissa Software Inc.—North America's leading provider of accommodation and guest management solutions—releases its report, Workforce Accommodation – Quarterly Industry Watch, which examines year-over-year trends observed in the remote camp industry. Orissa manages tens of thousands of rooms for some of the world's largest oil companies, camp operators and caterers, and was recently acquired by Gemstone Logistics to meet a rising industry demand for complete end-to-end travel and accommodation services.
Drawing on data from over five million resident days and 15 different camp installations, Orissa's Workforce Accommodation – Quarterly Industry Watch is the first report of its kind to analyze the correlation between oil prices and camp behaviour. Orissa will update and release this information on a quarterly basis, providing up-to-date data-driven insights ranging from regional market trends to operational statistics.
"This report leverages Orissa's 14 year history and significant industry reach to provide unique insight into the state of the remote camp industry. The sheer volume of data makes this a very credible source of information," said Jim Seethram, Acting COO of Orissa. "At a time when we're seeing a lot of uncertainty around oil prices, it's encouraging finding that large camp operations remain relatively stable."
The report's key findings include:
- Large camp operations (1100+ man) remain steady despite drop in oil prices.
- There has been an industry-wide increase in length of stay and strong reservation activity in Q1.
- While the decline in WTI was universal, the data shows regional differences in the timing and size of its impact, with some regions showing very little to no negative impact.
To access the report, visit www.orissasoftware.com/news/
About Orissa:
Orissa's suite of productivity tools, including CampWare™ and VICTUS, provides a scalable software solution tailored to the accommodation management, food service, and guest management needs of workforce accommodation facilities. Built for high-occupancy facilities such as oil and gas, mining, and security forces camps, CampWare™ and VICTUS™ expedite guest management functions, such as reservations, check-in and registration, dorm and room management, food service attendance tracking, and segmented invoicing across business units, divisions, and subcontractors.
www.orissasoftware.com
About Gemstone:
Gemstone plans, coordinates, and manages the movement of workers to remote locations on behalf of major oil and gas companies. From initial project analysis and strategic planning, to cost analysis and forecasting, Gemstone offers complete program management. Gemstone's proprietary travel management software, Cirys, is the quickest and easiest way to book and manage charter travel and camp logistics, while its ACTA and IATA-accredited travel agency, Gemstone Travel, enables commercial travel to be seamlessly integrated too. Gemstone's experience, knowledge and custom software is proven to enhance travel management processes and deliver extensive time and cost savings.
www.gemstonelogistics.com
SOURCE Orissa Software Inc.
Media Inquiries: Amanda Purdie, 780-465-0682, [email protected]
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