Return to our Home page Search
Click here for the hotel and hospitality news from around the globe Hotel, Travel and Hospitality Articles Videos and in-depth Interviews
CONCIERGE DESK
Read more now
Read more now
Read more now
Hotels ring in new year on a high note.
Wednesday, 22nd January 2014
Source : TravelClick
 

The North American hotel sector finished the last month of 2013 on a positive note, and all signs point to a prosperous 2014.

Both group and transient segments (individual business and leisure travelers) ended 2013 showing year-over-year increases in occupancy and average daily rate (ADR), according to data from the December 2013 TravelClick North American Hospitality Review (NAHR).

“The last quarter of 2013 was a real winner for hotels and we expect this growth to continue into the New Year,” said Tim Hart, executive vice president, business intelligence, TravelClick. “In December of 2013, the group segment’s contribution to RevPAR has surpassed the transient segment for the first time in many months. For many hoteliers, whose business is driven by meetings and conventions, this is welcome news.”

12 Month Outlook (December 2013 – November 2014)

For the next 12 months (December 2013 - November 2014), overall committed occupancy* is up 5.7 percent when compared with the same time last year. ADR is up 3.9 percent based on reservations currently on the books.

Transient bookings are up 5.9 percent year-over-year and ADR for this segment is up 4.6 percent. The transient leisure segment is showing occupancy gains of 9.1 percent and ADR gains of 4.9 percent. The transient business segment is flat (up 0.9 percent) with ADR up 5.1 percent.

Group segment occupancy is ahead by 5.6 percent and ADR is up 2.1 percent, compared to the same time last year.
4Hoteliers Image Library
4Hoteliers Image Library
Hart concluded, ”Weakness in the group segment was a source of concern for most of 2013, likely due to lingering economic uncertainty. However, 2013 finished strong for hoteliers, leaving a solid base of group business on the books for the New Year. At this point, 2014 is positioned to be a positive year for hoteliers.”

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, 2013 for the period of December 2013 to November  2014.  

*Committed Occupancy - (Transient rooms reserved + group rooms committed)/capacity
**Reserved Occupancy – Total number of rooms reserved/capacity


Also Read at 4Hoteliers.com: (Click title to read)

~ Important Notice ~
Articles appearing here contain copyright material. They are meant for your personal use and may not be reproduced or redistributed. While 4Hoteliers makes every effort to ensure accuracy, we can not be held responsible for the content nor the views expressed, which may not necessarily be those of either the original author or 4Hoteliers or its agents.

Learn more about DigiJames - in room technology
Advertisment  
 Latest News  (Click title to read article)
Statement from Tony Tyler on tragic week in aviation
Friday, 25th July 2014

Ritz-Carlton bends over backwards to bring service to life through video performance
Friday, 25th July 2014

Global online bookings and rates experience highest year-on-year growth in last 12 months
Friday, 25th July 2014

Chinese consumers: Increasingly optimistic but also realistic
Friday, 25th July 2014

Future of hotels, airlines and travel agents -- innovation in the travel industry
Friday, 25th July 2014
 Latest Articles  (Click title to read article)
Customer Conversations: Identifying Revenue Opportunities Using Customer Analytics
Friday, 25th July 2014

Hotel Brands in the Future – What Will Hoteliers Have to Do to Survive
Friday, 25th July 2014

Beyond the New Logo, Here's Why You Must Learn from Airbnb
Thursday, 24th July 2014

China's Next Growth Milestone: Outbound Tourism
Thursday, 24th July 2014

Creating Moments of Wow
Thursday, 24th July 2014
 Most Read News  (Click title to read article)
Thailand Situation Updated - June 27: Thailand tourism gets stronger than ever
NH Hotel Group disposes Amsterdam asset
The Chinese Luxury Traveler - How destinations are decided and bookings made
News from around the Asia Pacific region, June 10
Hyatt to develop a luxury hotel within a historic 16th century castle

© Copyright 4Hoteliers 2001-2014 ~ unless stated otherwise, all rights reserved.
You can read more about 4Hoteliers and our company here

Use of this web site is subject to our
terms & conditions of service and privacy policy