Bookings for the fourth quarter are up at North
American hotels from this same time last year, according TravelClick. Business
transient bookings are up 1.3 percent, while group bookings are up 4.5 percent.
"The upswing in fourth-quarter bookings brings a refreshing wave of
much-needed optimism for hoteliers," said TravelClick senior industry
analyst John Hach. Average daily rates are also up for the fourth quarter, 2.2
percent for the business transient segment and 2.7 percent for the group
segment. For the next 12 months, business transient bookings are down 1.4
percent, while ADR is up 1.4 percent. Group bookings are up 1.2 percent and
segment ADR is up 1.5 percent. The August North American Hospitality Review
looks at group sales commitments and individual reservations in the 25 major
North American markets for hotel stays booked by Aug. 1 for August 2017 to July
2018.