Committed occupancy* for Q4 2015 – Q3 2016 is up 3.1 percent compared to a year ago. However, new commitments that have been added over the last month are down -3.5 percent. When broken down further, new group business bookings that have been added over the last month are down -1.3 percent over the comparable period last year, and new transient reservations that have been booked over the last month are down -4.6 percent. While booking pace may be down, ADR is up 3.8 percent based on reservations that are currently on the books for 2015. “Over the past month, there has been a noticeable decline in new reservation pace. This could be a result of a combination of recent developments, including concern over a global economic slowdown, financial market turbulence and the seasonal slowdown of advance booking pace that often occurs during this time of year,” said John Hach, TravelClick’s senior industry analyst. “However, the weakening pace has not kept hoteliers from increasing ADR. As hoteliers prepare for 2016, it’s important to proactively plan strategies for capturing share in higher profitability channels – like the GDS and their own websites. Doing so helps to safeguard RevPAR performance should the current advance reservation pace continue.” Get the full story at TravelClick