eHotelier - Stable Rates with Declines in Bookings Continue as Hoteliers Close Out First Half of 2017
Heading into the second half of the year, North American hoteliers are continuing to experience stable average daily rates (ADR) alongside declines in bookings during the second quarter of 2017, according to new data from TravelClick’s June 2017 North American Hospitality Review (NAHR). This marks an ongoing trend for hoteliers this year.
Despite strong transient leisure travel, with positive gains in both ADR and bookings, all other travel segments are experiencing inconsistencies across the board.
For example, ADR for transient business travel in the second quarter is up 1.5 per cent, but bookings are down -1.5 per cent. ADR for the group segment is also up 1.5 per cent, but occupancy is down -1.6 per cent.
Read more at eHotelier.