Friday, October 6, 2017

Hospitality News For The Week Of 10/6/17

Promising Q4 outlook for North American hotels

According to the September North American Hospitality Review from TravelClick, the fourth quarter of 2017 is projected to be promising for North American hotels. Bookings overall are 3.8 percent higher, compared to the same period last year. Average daily rate is up by one percent as well. TravelClick is reporting a noticeable increase in the pace of advance reservations going on well into 2018. With much inconsistency reported through most of 2017, this comes as welcome news to North American hoteliers. Full Story Here:

Top Ten U.S. Destinations for Fall Travel

The travel search engine, Trivago, has published their fall travel trends for 2017. Interesting takeaways from the findings include the fact that 57 percent of all searches for U.S. travel destinations originate domestically and are made by Americans. Also, New York City is both the most popular and expensive destination for international travelers at $268 average room night rate. For domestic travel, Las Vegas leads the way, but many travelers are searching for longer stays at a number of Florida destinations including those near theme parks and other attractions. Full Story Here:

Travel Trends Index Shows Slight Uptick Across All Travel Segments

Travel to the U.S. destinations, both domestically and internationally, rose in the month of August 2017. According to the Travel Trends Index (TTI) from the U.S. Travel Association, the international inbound segment saw an increase for the first time since January 2017. The domestic market in the U.S. has powered travel within the U.S. to see 92 months of consecutive growth. Full Story Here:

STR: US hotel results for week ending 30 September

Positive performance figures were posted by the U.S. hotel industry for the week of 24-30 September 2017, according to results published by STR. Compared to the same period last year, industry-wide occupancy went up by 0.4 percent to 70.3 for the week. Average daily rate climbed up by 0.8 percent to reach $128.29 by the end of the week. Revenue per available room rose by 1.2 percent to finish the week at $90.13. Full Story Here:

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