In a media release TravelClick Senior Industry Analyst John Hach says:
“We’re beginning to see an emerging trend with prolonged weakness in new reservation commitments. The current slowdown began in June 2016 and is continuing well into August. While overall year-over-year variances remain positive, there is notable deceleration within the group and weekday transient negotiated segments that carry the risk of lower revenue per available room (RevPAR) performance in the third quarter of 2016.”
However:
“There is still viable transient leisure demand occurring, and hoteliers must find ways to successfully compete in the market, especially through the upcoming months into the fourth quarter of 2016.” (Emphasis added.
Here are the numbers:
- 3Q2016 Reserved Occupancy
- All travel segments: -0.1%
- Groups +2.4%
- Transient business -5.6%
- Transient leisure +3.6%
- 4Q2016 Committed Occupancy
- All travel segments +3.9%
- Groups +3.2%
- Transient business +1.5%
- Transient leisure +6.5%
The release contains ADR figures also.
It's good to see strong North American domestic bookings in the leisure sector, but I'm wondering now much of this is resulting from people changing travel plans to staycations vs. trips to Europe on account of terrorism concerns.
That both helps the terrorists and hurts the European tourism industry.