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
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 (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
 Latest News  (Click title to read article)
Facebook and Twitter - Nothing there says Priceline
Friday, 18th April 2014

JW launches experience-driven CUR8 App for travelers
Friday, 18th April 2014

Global training spending finally growing again - Part 1
Friday, 18th April 2014

The TravelClick Perspective - March 2014: 2014 Outlook
Thursday, 17th April 2014

Shangri-La opens in the Heart of the Himalayas today
Thursday, 17th April 2014
 Latest Articles  (Click title to read article)
Creativity & Passion - Keys to Wowing and Returning Guests
Friday, 18th April 2014

The Critical Connection Between Resilient Workplaces And Diversity
Friday, 18th April 2014

Do Your Job Descriptions Inspire Greatness?
Friday, 18th April 2014

Besides Training: How To Maximize Hotel Reservations Conversions
Thursday, 17th April 2014

Millennials: Technology = Social Connection
Thursday, 17th April 2014
 Most Read News  (Click title to read article)
Follow us: LinkedIn, Twitter and Google+
ITB Berlin 2015 Marketing Programs
LIVE Videos and Interviews from past ITB Berlin trade shows
ITB Berlin 2014 - The Full Coverage
In Focus: Amsterdam, The Netherlands

© 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