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Recovery Accelerates with Strong Growth in Group Demand

Recovery Accelerates with Strong Growth in Group Demand

NEW YORK—An updated lodging forecast released by PwC US anticipates lodging recovery will enter a new phase, with continued strengthening in group demand and rebounding economic momentum supporting a solid 6.5 percent RevPAR growth in 2014. Despite a weak first ...

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Dolce’s Richard Maxfield Discusses Meetings Outlook

Dolce’s Richard Maxfield Discusses Meetings Outlook

The slow recovery of group travel remains a concern for hoteliers that rely heavily on business from meetings, conventions, and federal contracts to fill rooms. STR reported that although group ADR increased 3.1 percent in October, group occupancy declined by ...

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TravelClick: Group Demand on the Mend

TravelClick: Group Demand on the Mend

NEW YORK—After a dip in demand over the past couple of months, group occupancy is once again beginning to increase, according to data from the December 2012 TravelClick North American Hospitality Review (NAHR). When looking at Q4 2012 through Q3 ...

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Will Meetings Market Recovery Continue In 2012?

According to Smith Travel Research, group demand (measured as a percent of total demand) began to grow year-over-year in March of 2010. Since then, the group occupancy rate has steadily increased, but has yet to reach the pre-recession levels observed ...

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