Close

Cart

Total $0.00

Checkout

Hotel Performance Encouraging Heading into 2017

NEW YORK – January 4, 2017 – North American hoteliers are eager to ring in the New Year, according to new data from TravelClick’s December 2016 North American Hospitality Review (NAHR). All travel segments are experiencing healthy rate and occupancy gains year-over-year, with occupancy increasing 5.0 percent and average daily rates (ADR) increasing 3.2 percent in the first quarter of 2017.

The last quarter of 2016 shows positive, but tepid, growth across the board, with the group and transient leisure segments experiencing strong revenue per available room (RevPAR) growth at 2.8 percent and 3.3 percent, respectively.

“The last two quarters of 2016 have been challenging for North American hoteliers as we have seen inconsistent reservation pace and sporadic business demand,” said John Hach, TravelClick’s senior industry analyst. “However, over the last two months, we are seeing a material improvement on both transient and group bookings that indicate that North America hospitality will be off to a much brighter start in 2017.”

Twelve-Month Outlook (December 2016 – November 2017)

For the next 12 months (December 2016 – November 2017), transient bookings are up 4.0 percent year-over-year, and ADR for this segment is up 2.7 percent. When broken down further, the transient leisure (discount, qualified and wholesale) segment is showing occupancy gains of 2.8 percent with ADR gains of 3.0 percent. The transient business (negotiated and retail) segment is up 4.1 percent, and ADR is up 2.0 percent. Lastly, group bookings are up 2.8 percent in committed room nights over the same time last year, and ADR is up 2.4 percent.

“Hoteliers continue to operate in a very complex, dynamic climate where new technologies, economic factors and geopolitical news can directly impact sales,” added Hach. “As a result, it’s more important than ever for hoteliers to focus on their local markets to drive growth through rate and occupancy strategies, as ADR and committed occupancy* are both up in the New 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, 2016, from the period of December 2016 to November 2017.

*Committed Occupancy – (Transient rooms reserved + group rooms committed) / capacity
The fourth quarter combines data from October and November and forward-looking data from December.

About TravelClick

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, Bucharest, Chicago, Barcelona, Dubai, Hong Kong, Melbourne, Myrtle Beach, Orlando, Ottawa, Paris, Shanghai and Singapore. Additionally, the Company fosters more than 600 travel-focused partnerships for hotels to leverage. Follow TravelClick on FacebookTwitter and LinkedIn.

Contact: Caitlin Kasunich / Christina Panta

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

Related News

TravelClick Acquires Hospitality CRM Solutions Provider Digital Alchemy

Spring Hotel Outlook Shows Stability and Consistency in North American Markets

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

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

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

All News »

Please login or register to post a comment.