North American Hoteliers Welcome Uptick in Rates & Bookings Across All Travel Segments as 2018 Begins
January 31, 2018 10:57am
Transient Leisure Travel Sees Particularly Strong Bookings Boost of 6.8 Percent during Q1
NEW YORK – January 31, 2018 – TravelClick, a leading global provider of data and revenue-generating solutions for hoteliers, today released new data from the Company’s January 2018 North American Hospitality Review (NAHR). According to this data, North American hoteliers are starting the New Year with gains across all travel segments in the first quarter of 2018, up 0.7 percent in average daily rates (ADR) and up 2.1 percent in bookings.
The transient leisure segment in particular stands out during the first quarter, with bookings up an impressive 6.8 percent and strong revenue per available room (RevPAR), up 7.3 percent.
“The inconsistency that most hoteliers experienced throughout 2017 has substantially subsided in recent months, proving that 2018 is already off to an encouraging start,” said John Hach, senior industry analyst, TravelClick. “There is a healthy balance of group, transient leisure and business demand, which shows sustainability throughout the upcoming year.”
Twelve-Month Outlook (January – December 2018)
For the next 12 months (January – December 2018), transient bookings are up 3.2 percent year-over-year, and ADR for this segment is up 1.2 percent. When broken down further, the transient leisure (discount, qualified and wholesale) segment is up a solid 6.3 percent in bookings, and ADR is up 0.9 percent. Additionally, the transient business (negotiated and retail) segment is down -0.7 percent in bookings, but ADR is up 2.5 percent. Lastly, group bookings are up 1.9 percent in committed room nights* over the same time last year, and ADR is up 1.8 percent.
“Even though economic concerns have subsided in recent months, hoteliers still need to be acutely aware of their local market prices, especially in creating value by room type during these winter months where demand levels often slip,” added Hach. “Taking advantage of meta shopping business intelligence and forward-looking data are great ways for hoteliers to ensure that they have all of the necessary information to make informed decisions.”
The January NAHR looks at group sales commitments and individual reservations in the 25 major North American markets for hotel stays that are booked by January 1, 2018, from the period of January to December 2018.
*Committed Occupancy – (Transient rooms reserved + group rooms committed) / capacity
The first quarter is comprised of forward-looking data from January through March 2018.
travelclick north american hospitality review,
transient leisure travel,
TravelClick offers innovative, cloud-based and data-driven solutions for hotels around the globe to maximize revenue. TravelClick enables over 38,000 hoteliers to drive better business decisions and know, acquire, convert and retain guests. The Company’s interconnected suite of solutions includes Business Intelligence, Reservations & Booking Engine, Media, Web & Video and Guest Management. As a trusted hotel partner with more than 30 years of industry experience, TravelClick operates in 176 countries, with local experts in 39 countries and 14 offices in New York, Atlanta, Barcelona, Bucharest, Chicago, Dubai, Hong Kong, Melbourne, Myrtle Beach, Orlando, Ottawa, Paris, Shanghai and Singapore. The Company also provides its hotel customers with access to a global network of over 600 travel-focused partners. Follow TravelClick on Facebook, Twitter and LinkedIn.
Contact: Caitlin Kasunich / Christina Panta
email@example.com or firstname.lastname@example.org /
212.896.1241 / 212.896.1208
Rate and Bookings Growth Continue Positive Trend for Hoteliers in Early 2018
TravelClick and Google Expand Partnership to Help Hoteliers Maximize Revenue in an Increasingly Competitive Market
TravelClick Launches Artificial Intelligence-Powered Campaign Advisor
Host Hotel Systems's Property Management System Integrates into TravelClick's Central Reservations Platform
TravelClick Unveils Revamped Rate360® Platform with Both Meta and Unlimited Real-Time Shopping
Closing Out 2017, North American Hoteliers See Solid Gains in Rates and Bookings
Implementations Director Rafael Lozada Joins ALICE to Help Lead Next Stage of Company Growth
TravelClick and IDeaS Expand Partnership with Advanced Integration for Hotels
TravelClick and First Hotels Scandinavia Announce Exclusive Strategic Customer Relationship
North American Hoteliers End 2017 Strong with Healthy Gains Across All Travel Segments
Carlson Rezidor Hotel Group Joins TravelClick's Industry-Leading Demand360® Program
Desbravador Integrates TravelClick’s iHotelier Central Reservations System into its Property Management System
North American Hoteliers Open the Last Quarter of 2017 with Solid Rate and Booking Growth
TravelClick Expands Strategic Business Intelligence Relationship with Hyatt
Mövenpick Hotels & Resorts Joins TravelClick’s Market-Leading Demand360® Program
TravelClick and InterContinental Hotel Group Announce Expanded Strategic Business Intelligence Partnership
September Outlook Provides Promising Signs for North American Hoteliers
New TravelClick Study and Data Project 2017 as a Record Year for GDS Hotel Bookings
Fourth Quarter of 2017 Brings Brighter Outlook for North American Hoteliers
Summer Continues with Inconsistent Rates and Bookings for North American Hoteliers
Please login or register to post a comment.