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    Hotel Association Report Y1q4

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    ana carvalho
    Demand for hotels in the fourth quarter is expected to decrease 15% from the previous year, with an occupancy rate of around 60%. While tour bookings are flat and large group bookings are increasing slightly due to regional drive-in customers, leisure demand has softened and business demand is predicted to drop 15% year-over-year; small group demand is spiking for the holiday season.

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    Hotel Association Report Y1q4

    Uploaded by

    ana carvalho
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    Demand for hotels in the fourth quarter is expected to decrease 15% from the previous year, with an occupancy rate of around 60%. While tour bookings are flat and large group bookings are increasing slightly due to regional drive-in customers, leisure demand has softened and business demand is predicted to drop 15% year-over-year; small group demand is spiking for the holiday season.

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    Hotel Association Report y1q4[1]

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    Demand for hotels in the fourth quarter is expected to decrease 15% from the previous year, with an occupancy rate of around 60%. While tour bookings are flat and large group bookings are increasing slightly due to regional drive-in customers, leisure demand has softened and business demand is predicted to drop 15% year-over-year; small group demand is spiking for the holiday season.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    10 views1 page

    Hotel Association Report Y1q4

    Uploaded by

    ana carvalho
    Demand for hotels in the fourth quarter is expected to decrease 15% from the previous year, with an occupancy rate of around 60%. While tour bookings are flat and large group bookings are increasing slightly due to regional drive-in customers, leisure demand has softened and business demand is predicted to drop 15% year-over-year; small group demand is spiking for the holiday season.

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    of 1

    Hotel Association Report – Year 1 Quarter 4

    SUPPLY

    They are no new hotels planned for the market

    DEMAND

    Unconstrained demand is expected to decrease to levels 15% lower than last year same quarter. The hotel
    occupancy should be around 60%.

    Leisure

    Booking pace appears to have slowed for the forth quarter as demand from value travelers appears to have
    softened from last year and with much more “shopping” evident.

    Business

    Demand is predicted to drop 15% year-on-year through Q4.

    Tour

    Members report flat tour bookings, year-on-year for Q4. An increase on bookings especially during week
    end was averted which we attribute to the new Civic Center and the extended cultural events calendar.

    Large Group

    A slight increase in regional “drive-in” bookings is being realized offsetting decreased air-lift

    Small Group

    Demand appears to be spiking for the holiday season.

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