2 Month Outlook Reveals: Increase in Demand and Room Rates Lead to More Revenue for Hotels .
NEW YORK – October 25, 2011 –TravelClick’s October 2011 North American Hospitality Review indicates the hotel industry is continuing to show strong growth in the business, leisure and group travel segments. The North American Hospitality Review is based on actual hotel bookings for the period October 1, 2011 through September 30, 2012.
For the next twelve months, committed occupancy is up 4.8 percent year-over-year, average daily rate (ADR) is up 4.0 percent, and revenue per available room (RevPAR), a top-line indicator, is tracking ahead by 6.5 percent.
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