"Inconsistent"
is how TravelClick sums up the reservation pace at North American hotels in its
October review. New bookings for the month overall are down 2.2 percent, and
new group bookings are down 8.5 percent from the same time last year. Conversely,
average daily rate is growing in 20 of the 25 major North American markets and overall
ADR up 0.6 percent for the fourth quarter. "October is now the fifth
consecutive month with a weakening new-reservation pace," said TravelClick
senior industry analyst John Hach.
"There are indications that this emerging trend will continue well into
the upcoming year."
Business transient
bookings for the next 12 months are down 1.9 percent from this time last year,
and ADR is flat at 0.6 percent. Group booking commitments are up 2.7
percent and ADR is up 1.5 percent.
TravelClick's October North American Hospitality
Review looks at group sales commitments and individual reservations in the 25
major North American markets for hotel stays booked by Oct. 1, 2016, for October
2016 to September 2017.