Close

Cart

Total $0.00

Checkout

Group and Transient Business Travel Drive Growth in Second Quarter

NEW YORK – June 27, 2018 – TravelClick, a leading global provider of data and revenue-generating solutions for hoteliers, today released new data from the Company’s June 2018 North American Hospitality Review (NAHR). According to this data, North American hoteliers are continuing to experience upticks across all travel segments in the second quarter of 2018, up 2.5 percent in average daily rates (ADR), 1.4 percent in bookings and 4.0 percent in revenue per available room (RevPAR) compared to the same period last year.

Furthermore, the group and transient business travel segments are helping to drive this growth in Q2, up an impressive 6.5 percent and 5.5 percent in RevPAR, respectively, over Q2 2017. Additionally, ADR for group travel is up 2.9 percent, with bookings up 3.5 percent, and transient business travel is up 3.1 percent in ADR, with a 2.4 percent increase in bookings.

“June 2018 advance reservation increases are continuing to bolster confidence in the strong hotel booking growth that’s set to carry throughout the remainder of 2018, and hopefully into the next year,” said John Hach, Senior Industry Analyst, TravelClick. “Unlike recent previous years, we are seeing steady advance booking growth, especially in business and transient channels, representing the best opportunity within the past three years for hoteliers to capitalize on the growth that’s occurring during the peak summer travel season.”

Twelve-Month Outlook (June 2018 – May 2019)

For the next 12 months (June 2018 – May 2019), transient bookings are up 2.8 percent year-over-year, and ADR for this segment is also up 2.8 percent. When broken down further, the transient leisure (discount, qualified and wholesale) segment is up 2.2 percent in bookings, and ADR is up 2.5 percent. Additionally, the transient business (negotiated and retail) segment is up 3.1 percent in bookings and 3.3 percent in ADR. Lastly, group bookings are up 1.7 percent in committed room nights* over the same time last year, and ADR is up 1.8 percent.

“While preparing for the second half of 2018, it’s important to remember that there will be both winners and losers as hoteliers aim to capture bookings,” added Hach. “With this in mind, hoteliers still need to invest in advertising to reach potential guests to fully capitalize on this rising tide.”

The June NAHR looks at group sales commitments and individual reservations in the 25 major North American markets for hotel stays that are booked by June 1, 2018, from the period of June 2018 – May 2019.

*Committed Occupancy – (Transient rooms reserved + group rooms committed) / capacity

The second quarter of 2018 combines historical data from April to May and forward-looking data from June.

About TravelClick

TravelClick offers innovative, cloud-based and data-driven solutions for hotels around the globe to maximize revenue. TravelClick enables over 50,000 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, Dallas, Dubai, Hong Kong, Melbourne, 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

ckasunich@kcsa.com or cpanta@kcsa.com / 212.896.1241 / 212.896.1208

Related News

Auro Hotels Partners With ProfitSword to Maximize Data Management Efficiency and Forecasting Abilities

NAVIS Announces Launch of the Only Complete Hospitality CRM Platform

World Travel Awards Recognizes TravelClick for Best-in-Class Booking Engine

TravelClick Featured as Key Speaker at 2018 Google Travel Executive Forum

The Peabody Memphis Installs Aptech PVNG Cloud Accounting to Simplify Processes

ProfitSword Reinforces Management Team Structure as Part of Planned Growth Strategy

North American Hoteliers Kick Off Second Half of 2018 With Continued Steady Rates and Bookings; Q2 2019 Shows Signs of Softness

Flight Centre's Hotel Management Business BHMA Selects TravelClick's Award-Winning iHotelier® Central Reservations System

Oliver Companies Goes Mobile: Installs Aptech PVNG Enterprise Accounting for 18 Properties

TravelClick Partners With The Guestbook to Bring Its Cash Back Rewards Program to Independent Hotels

Amadeus Accelerates Expansion in Hospitality Sector With $1.52bn Agreement to Acquire TravelClick

Lightstone’s Business Intelligence Platform Gives Execs Portfolio Performance in the Palm of Their Hand

5 Reasons Why Hotel Business Intelligence Is the Future

TravelClick Hosts 2018 Industry Leaders Summit in Bangkok

Mangalis Hotel Group Adopts TravelClick’s Leading Reservations, Web and Media Solutions

Scenic Hotel Group Adopts TravelClick's Industry-Leading iHotelier® Booking Engine 4.0

TravelClick Unveils Latest Version of Hotel Loyalty Solution, Bringing "Reward and Redeem" to Hoteliers

New Castle Hotels & Resorts Benefits From Maximized Data Management Efficiency and Transparency Since Partnering With ProfitSword

Pinnacle Hotel Management Integrates Accounting, Budgeting/Forecasting and Business Intelligence to Support Growth

ProfitSword Optimizes Sales Pace Data Tracking for a Leading Hotel Management Company

All News »

Please login or register to post a comment.