Eric Oppegaard
By Elliot Mest
Nobody is certain about what 2017 holds for hotels, with projections for occupancy and rate ranging anywhere from near-record levels to completely flat. But one common thread throughout 2016 that is projected to continue to give the industry strength in the coming year is the group-booking sector.
Nobody is certain about what 2017 holds for hotels, with projections for occupancy and rate ranging anywhere from near-record levels to completely flat. But one common thread throughout 2016 that is projected to continue to give the industry strength in the coming year is the group-booking sector.
A report released by TravelClick in early December showed that committed group occupancy for the first quarter of 2017 is expected to increase 6.8 percent, compared to transient leisure at 6.2 percent and transient business at 4.4 percent.
