Closing Out 2017, North American Hoteliers See Solid Gains in Rates and Bookings
January 2, 2018 9:12am
All Travel Segments End Year with Strong Revenue Per Available Room (RevPAR) in Q4
NEW YORK – January 2, 2018 – TravelClick, a leading global provider of data and revenue-generating solutions for hoteliers, today announced new data from the Company’s December 2017 North American Hospitality Review (NAHR). According to this data, as North American hoteliers transition from 2017 into the New Year, all travel segments in the fourth quarter of 2017 are experiencing growth in both average daily rates (ADR) and bookings, up 1.2 percent and 4.3 percent, respectively. TravelClick also found that RevPAR for these segments is up a notable 5.6 percent during this time.
With a continued increase in holiday travel this year, group travel in particular is up 5.1 percent in bookings and 1.7 percent in ADR during the fourth quarter of 2017. Additionally, transient business travel is seeing an uptick in both bookings and ADR, up 4.3 percent and 2.0 percent, respectively. The transient segment overall is up 4.1 percent in bookings and 1.1 percent in ADR as well.
“As we wrap up 2017, this level of growth has been long-awaited by hoteliers, especially given how inconsistent the past year has been as a result of natural disasters, shifts in public policies and international tensions,” said John Hach, Senior Industry Analyst, TravelClick. “The hospitality industry has definitive reason to embrace this last quarter as it prepares for what’s ahead in the first quarter of 2018. Group committed occupancy in the first quarter, for example, is rather weak, currently showing a decline of -1.4 percent.”
Twelve-Month Outlook (December 2017 – November 2018)
For the next 12 months (December 2017 – November 2018), transient bookings are up 5.8 percent year-over-year, and ADR for this segment is up 0.9 percent. When broken down further, the transient leisure (discount, qualified and wholesale) segment is up an impressive 8.0 percent in bookings, and ADR is up 0.4 percent. Additionally, the transient business (negotiated and retail) segment is up 3.4 percent in bookings, and ADR is up 2.5 percent. Lastly, group bookings are up 1.8 percent in committed room nights* over the same time last year, and ADR is up 1.4 percent.
“While we are ending 2017 on a positive note, it’s more critical than ever for hoteliers who actively compete for smaller groups and transient occupancy opportunities to ensure that they start 2018 on the right track,” added Hach. “Hoteliers need to prioritize the use of forward-looking data to help them manage the demand peaks and dips that are anticipated at the start of the year.”
The December NAHR looks at group sales commitments and individual reservations in the 25 major North American markets for hotel stays that are booked by December 1, 2017, from the period of December 2017 to November 2018.
*Committed Occupancy – (Transient rooms reserved + group rooms committed) / capacity
The fourth quarter combines data from October and November and forward-looking data from December.
north american hospitality review,
reservations & booking engine,
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
Aptech Computer Systems Announces Strategic Partnership With Inova Payroll
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
Panache Management, LLC Selects Aptech Business Intelligence and Enterprise Back Office
TravelClick Launches Artificial Intelligence-Powered Campaign Advisor
Host Hotel Systems's Property Management System Integrates into TravelClick's Central Reservations Platform
A Hotelier's Guide to the Top Social Platforms in Asia-Pacific
Urgo Hotels & Resorts Selects Aptech's Enterprise Financial Systems for 42 Properties
North American Hoteliers Welcome Uptick in Rates & Bookings Across All Travel Segments as 2018 Begins
TravelClick Unveils Revamped Rate360® Platform with Both Meta and Unlimited Real-Time Shopping
Concierge Connoisseur Karen Clancy Joins ALICE in Building a World-Class Concierge Technology Sales Team
How a Small Guest Services Team Delivers Five-Star Service
Implementations Director Rafael Lozada Joins ALICE to Help Lead Next Stage of Company Growth
TravelClick and IDeaS Expand Partnership with Advanced Integration for Hotels
5 Essential Things to Know About Your Customers, and How You Can Use Them
Amsterdam Manor Beach Resort Improves Staff Communication by Over 60%
TravelClick and First Hotels Scandinavia Announce Exclusive Strategic Customer Relationship
2018 Digital Marketing Plan & Budget Guide for Hotels
North American Hoteliers End 2017 Strong with Healthy Gains Across All Travel Segments
Aptech's PVNG Web-Based Enterprise Accounting Goes Live at 2 Hotel Companies
Please login or register to post a comment.