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Group Bookings Brighten Hotel Outlook

Group Bookings Brighten Hotel Outlook

NEW YORK—Committed occupancy and average daily rates (ADR) for the first quarter of 2017 are showing major signs of growth with group travel leading the way despite the continuing lag in transient booking pace in the fourth quarter of 2016, ...

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Sporadic Business Demand Increases Booking Competition

Sporadic Business Demand Increases Booking Competition

NEW YORK—As hoteliers in major North American markets round out 2016 and prepare for the New Year, the pace of new bookings, especially in the industry’s business sector, continues to decline, according to new data from TravelClick’s October 2016 North ...

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Group Booking Pace Provides Opportunities

Group Booking Pace Provides Opportunities

NEW YORK—Hoteliers in major North American markets can look forward to an improved group booking pace beginning at the end of 2016 and continuing into 2017, demonstrating its value in capturing incremental business as hoteliers prepare for the New Year. ...

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Pace of New Bookings Continues to Decline

Pace of New Bookings Continues to Decline

NEW YORK—Heading into the latter summer months, the pace of new bookings continues to decline, with new August reservation commitments falling -2.8 percent. However, committed occupancy and average daily rates (ADR) for the fourth quarter of 2016 are showing signs ...

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2016 Hotel Performance Still Backed by Digital

2016 Hotel Performance Still Backed by Digital

NEW YORK—Consistent with Q1 2016, hotel industry performance is continuing to strengthen, with Q2 2016 revenue per available room (RevPAR) increasing 3.8 percent year-over-year. According to data from TravelClick’s North American Distribution Review, bookings through online travel agents (OTAs), hotel ...

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