Biz travel continues to drive hotel demand - TravelMole


Biz travel continues to drive hotel demand

Saturday, 05 Oct, 2011 0

Driven by business travelers, hotel demand for the rest of the year “will continue to be strong,” says TravelClick’s Septemer 2011 North American Hospitality Review.

“Business travelers continue to drive strong hotel performance, which has been the case over the course of 2011,” says TravelClick.

For the next twelve months, committed occupancy is up two percent year-over-year, while average daily rate (ADR) is up 4.8 percent, and revenue per available room (RevPAR) is tracking ahead by 6.1 percent, the report says.

The top five strongest US markets are Detroit, Indianapolis, Philadelphia, Seattle and Chicago.

Markets with negative occupancy growth included Washington, Honolulu, Minneapolis-St. Paul, Denver and Miami.

"As the late summer leisure travel season comes to a close, it is clear that the business travel segment will resume its role as the primary demand driver for US hotels throughout the rest of 2011," said Tim Hart, executive vice president, Business Intelligence, TravelClick.

He added, however, that group travel has slowed in the past month.

"It will need to be determined whether this slower pace is an aberration, or indicates a true slowdown in group demand," he said.

By David Wilkening

 

 

   
               
               

 



 

profileimage

David



Most Read

Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns

James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel

Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination

Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics

Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy

Bubba O’Keefe on Clarksdale’s Vibrant Music Scene

Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee

Craig Ray and the Expansion of the Blues Trail

Presenting Mississippi’s Cultural Trails with Katie Coats

Robert Terrell: A Journey Through BB King’s Influence

Rochelle Hicks: Celebrating Mississippi’s Musical Legacy

Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
TRAINING & COMPETITION

Our emails to you has bounced travelmole.com Or You can change your email from your profile Setting Section

Your region selection will be saved in your cookie for future visits. Please enable your cookie for TravelMole.com so this dialog box will not come up again.

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari