Bookings at hotels in North America during the third quarter
are down from this same time last year in almost every segment except leisure
transient, according to TravelClick.
Committed occupancy for the group segment for the third
quarter is down 5.1 percent. Multiple hoteliers, including Hilton
and Hyatt
Hotel Corp., warned investors during first-quarter earnings calls to expect
flat or declining group bookings for the remainder of the year. Average daily
rate for the segment is up 3.5 percent.
Bookings for the business transient segment are down 3.8
percent for the third quarter, and ADR is up a tepid 0.3 percent. Across all
travel segments, bookings are down 3.5 percent for the third quarter, while ADR
is up 0.8 percent.
"Our latest data predicts a prolonged decline across
many North American markets, indicating that this bleak outlook may not ease up
anytime soon," said TravelClick senior industry analyst John Hach.
For the next 12 months, transient business bookings are down
1.8 percent and ADR is up 1.5 percent. Group bookings are up a slight 0.4
percent, and ADR is up 2.7 percent. The June North American Hospitality
Distribution Review examines group sales commitments and individual
reservations in the 25 major North American markets for hotel stays booked by
June 1 for June 2017 to May 2018.