June 21, 2018
Travelers losing interest in home-sharing
According to MMGY Global’s Portrait of American Travelers study, just 33% of respondents are interested in sharing economy accommodations, down from 41% in 2017 and 37% in 2016.Read more
First quarter results yielded stronger than expected increases in demand for many hotel companies, as well as slightly stronger rate growth, driven primarily by an increase in commercial transient travelers, according to new PwC data.
Year-over-year for the first quarter, RevPAR increased across the transient segment nationally, led by rate growth. As hotels continue to feel the pressure from rising wages, insurance costs and other expenses, the components of RevPAR growth become more important.
With occupancy levels at record levels, an expected uptick in commercial transient demand midweek should bode well for stronger increases in room rates.
Looking ahead to 2019, there is an expectation of gradual strengthening in rate growth as we move through the year.
Get the full report at PwC (PDF 135 KB)
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