Hotel Business – Uptick in Rates & Bookings Across All Travel Segments as 2018 Begins

TravelClick

NEW YORK—TravelClick has released new data from the company’s “January 2018 North American Hospitality Review (NAHR).” According to this data, North American hoteliers are starting 2018 with gains across all travel segments in the first quarter, up 0.7% in average daily rates (ADR) and up 2.1% in bookings.

The transient leisure segment in particular stands out during the first quarter, with bookings up 6.8% and strong RevPAR up 7.3%.

“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.”

Read more at Hotel Business.

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