twelve month outlook
Fourth Quarter of 2017 Brings Brighter Outlook for North American Hoteliers
TravelClick | August 21, 2017
Third Quarter Data Still Inconsistent, but Final Months Indicate Rate and Bookings Growth NEW YORK – August 21, 2017 – While North American hoteliers continue to experience inconsistent booking growth during the third quarter of 2017, the fourth quarter brings long-awaited, welcomed news: healthy growth in both average daily rates (ADR) and bookings across all travel segments, according to new data from TravelClick's August 2017 North American Hospitality Review (NAHR). Overall, ADR is up 0.8 percent and committed occupancy* is up 4.4 percent in the fourth quarter. Additionally, the group and transient segments show particu...
Rates Hold Steady in First Half of 2017 Despite Decline in Bookings
TravelClick | April 27, 2017
Transient Leisure Travel Remains Strong in Second Quarter of 2017 NEW YORK – April 27, 2017 – As North American hoteliers forge ahead in 2017, average daily rates (ADR) are holding strong in both the second and third quarters of 2017 despite declines in committed occupancy*, according to new data from TravelClick's April 2017 North American Hospitality Review (NAHR). In the third quarter, for example, ADR for group travel is up 4.5 percent, but bookings are down -5.9 percent. Similarly, across all travel segments for the same quarter, ADR is up 1.9 percent, but bookings are down -4.3 percent. The transient leisure segment is...
