Occupancies may have peaked, with flattening or slight declines on the near horizon. Room rate growth remains the key to above inflationary RevPAR increases through 2019.
Typically, hotel marketing teams are focused on attracting transient consumers, rather than assisting the hotels group and corporate sales teams.
ARC Data Shows International Passenger Trips Increased 10 Percent in October
During the week of 4-10 November, U.S. hotel occupancy rose 0.7% to 69%, ADR increased 1% to $129.95 and RevPAR rose 1.6% to $89.68.
New Research from Expedia Group Media Solutions Illustrates How Younger Generations are Shaping the Future of Travel
Canadian hotel occupancy increased 2.4% to 66.2% during the week of 4-10 November. ADR rose 2.7% to 149.33 Canadian dollars ($112.85), which lifted RevPAR 5.2% to CA$98.92 ($74.76).
STR and Tourism Economics revised their 2018 and 2019 U.S. RevPAR growth projections to 3% and 2.4%, respectively, as demand in the third quarter was lower than expected.
New AHLEF, HCareers Report Promises Robust Workforce for Hotels
StayNTouch further expands their reach in Europe and Asia-Pacific by leveraging local Shiji offices in Munich, Singapore and Sydney-now providing on the ground sales and support services to all regional hotels.
U.S. airlines are prepared to accommodate an expected 30.6 million passengers over the 12-day holiday travel period