Advance hotel booking data in 25 major North American markets shows that first-quarter corporate demand is down 2.4 percent year over year, - Business Travel News

Share this page

Business Travel Supplier Directory

Text size: A A A

NewsLog
RSS

February 06, 2013 - 12:10 PM ET

Advance hotel booking data in 25 major North American markets shows that first-quarter corporate demand is down 2.4 percent year over year, according to TravelClick's North American Hospitality Review. The average daily rate on those bookings, however, is up 7.3 percent. Stronger group and leisure demand are offsetting the corporate booking decline, with overall committed occupancy up 1 percent. For full-year 2013, corporate transient demand is trending down 2.5 percent compared with last year, but group sales are up 2.2 percent, with strong gains on the books for the second and third quarters, according to the report.

This page is protected by Copyright laws. Do Not Copy. Purchase Reprint

Leave your comment:

Comments

blog comments powered by Disqus
Related NewsLog
Corporate housing supplier Furnished Quarters on Tuesday launched MyFQ to allow corporate housing program managers to access real-time property data,... read more »
Travel tech company CheckMate launched CheckMate Conversations on Thursday.... read more »
Carlson Rezidor Hotel Group on Monday announced plans to grow its existing number of hotels in China from 14 to more than 50... read more »
Furnished Quarters since Jan. 1 has expanded its available apartment inventory by 15 percent,... read more »
Starwood Hotels & Resorts Worldwide on Thursday named John Peyton senior vice president of brands and shared services.... read more »
The average first-quarter daily rate at Wyndham Hotels & Resorts properties increased slightly year over year,... read more »
Red Lion Hotels Corp. will acquire GuestHouse International for $8.5 million,... read more »
Red Roof Inn will expand into Canada with four hotels slated to open by 2016,... read more »
The average daily rate and occupancy at Accor hotels increased year over year during the first quarter of 2015,... read more »
Starwood Hotels & Resorts Worldwide unveiled its Tribute Portfolio of upper-upscale independent hotels and resorts,... read more »
Loews Hotels & Resorts has acquired the Mandarin Oriental San Francisco and will include it in a new luxury brand,... read more »