By Julie Sickel
Third-quarter bookings at North American hotels are stronger than at this same time last year for both the group and business transient travel segments, according to TravelClick. Group bookings are up 1.3 percent, and business transient is up 4.7 percent. In rate terms, group is a bit weaker; average daily rate is up 0.8 percent, while business transient ADR is up 3.9 percent.
As the second quarter wraps, both segments are experiencing strong revenue per available room growth; group is up 6.5 percent, and business transient is up 5.5 percent from this same time last year. Looking ahead to the next 12 months, business transient bookings are up 3.1 percent and ADR is up 3.3 percent, while group bookings are up 1.7 percent and ADR is up 1.8 percent. The June North American Hospitality Review looks at group sales commitments and individual reservations in the 25 major North American markets for hotel stays booked by June 1, 2018, for the period of June 2018 to May 2019.
Read more at Business Travel News.