By Ed Brock
ADR for transient business travel in the second quarter increased 1.9 percent while bookings dipped 2.5 percent, representative of a trend of rising ADRs and decreasing bookings across most categories of hotel stays this summer, according to TravelClick’s May 2017 North American Hospitality Review.
By Michael J. Shapiro
Average daily hotel rates are holding steady in the face of declining demand, according to TravelClick's "May 2017 North American Hospitality Review." That's consistent with the trend that surfaced in the first quarter of the year.
For business booked for the second quarter, transient ADR is up by 1.9 percent despite a 2.5 percent drop in bookings. Group ADR edged up by 0.9 percent, although group bookings fell by 3.5 percent year-over-year for the quarter. Only the transient leisure segment posted growth in both respects, with a 1 percent rise in ADR coupled with 3.2 percent more bookings.
Hospitality Upgrade - TravelClick’s New Digital Media Campaign Portal Provides Real Time, On-Demand Insights
TravelClick, a global provider of innovative, cloud-based and data-driven solutions for hotels to maximize revenue, announced the launch of the Company’s new Digital Media Campaign Portal, giving TravelClick digital media customers on-demand access to key campaign performance metrics like bookings, revenue and conversion rates for the first time ever.
By Maggie Overfelt, CNBC.com
Airbnb is unusual among privately held start-ups in that it's already profitable.
The No. 1 company on the 2017 CNBC Disruptor 50 list has reportedly said it can reach $3 billion in profit by 2020. It was valued at $31 billion last year, meaning that only Marriott's $39 billion valuation is greater in the lodging industry.
By Nicole Carlino
NEW YORK—The importance of data to the successful function of a hotel is universally acknowledged—whether enhancing the guest experience, streamlining operations to increase efficiency or enabling hoteliers to price their hotels more competitively, data is the building block upon which all hotels depend. TravelClick has introduced a new solution—its Media Intelligence Platform—designed to enable its media campaign managers to help hotels better leverage their data.