Lodging
Business transient hotel reservations on the books for June 2013 through May 2014 are 3 percent higher than in the same period the year prior,
according to TravelClick. The average daily rate on those bookings is up 3.9 percent. Group bookings for the same period are up 1.6 year over year, and the ADR on those bookings is up 1.8 percent, marking a stronger outlook for the segment than earlier this year. "The pace of new [group] bookings had fallen behind last year's pace in each of the first four months of the year," according to TravelClick executive vice president of business intelligence Tim Hart. "The most recent data showed that group room nights added over the last month exceeded the same period last year by 8 percent."