The Latest Hospitality Industry News & Trends - TravelClick

Successful Meetings – Group Business Remains Strong Amid Weakening Hotel Market

TravelClick

By Matt Alderton

Like flowers, the hotel business typically blooms in spring. This year, however, the industry is facing a disappointing season, according to hotel consultancy TravelClick, which today published its March 2017 North American Hospitality Review (NAHR).

According to TravelClick’s data, average daily rates (ADR) continue to grow — they increased 2 percent overall in March — but committed occupancy is down, falling 1. 6 percent this month and 1.2 percent during the first quarter overall. “The advance booking pace for March is disappointing, especially considering the annual spring reservation bounce that usually occurs during this time of year,” said TravelClick Senior Industry Analyst John Hach.

Read more at Successful Meetings.

Rebuilding Hospitality: Trends in Demand, Data and Technology That are Driving Recovery

Our brand-new report “Rebuilding Hospitality: Trends in Demand, Data and Technology That are Driving Recovery” combines global hotelier insights with Amadeus business intelligence data to surface worldwide recovery trends. We dig into the specific tactics hoteliers around the world have used to navigate the challenges of COVID-19 and highlighted which trends hoteliers think are likely to stay as the industry turns a corner.