Tourico Holidays Releases 2017 Global Hotel Trends Report

Global Wholesaler Forecasts Boom for Hotel Bookings in 2017

ORLANDO, Fla.–(BUSINESS WIRE)–Tourico
Holidays, the world’s fastest growing wholesale travel brokerage
company, today released its 2017 Global Hotel Trends Report, providing a
look at the health of the hotel industry, and offering insight on which
destinations are trending with consumers coming into the new year.
Tourico examined the hotel booking data from nearly 80,000 hotel
properties located on more than 4,500 destinations around the world –
and compared it to booking data captured at the same time last year,
revealing where traveler interests have shifted.

According to the 2017 Report, nearly all of the world’s major travel
regions are currently outpacing their prior year hotel bookings,
indicating a very healthy outlook for the hotel industry and tourism in
general. Collectively, the total number of hotel room nights booked has
increased significantly, growing 28.7 percent around the globe.

As a source market, North America has increased its hotel room nights
booked for 2017 by 28 percent year-over-year compared to this time in
2016. The EU, as a source, has increased its room nights by 28 percent
year-over-year, LATAM has increased its room nights booked by 43 percent
year-over-year, and Asia-Pacific has increased its room nights booked by
23 percent year-over-year.

“It’s still early, but it’s extremely encouraging to see that booked
hotel room nights for 2017 are already significantly outpacing 2016,”
said Lauren Volcheff Atlass, the Executive Vice President of Global
Sales at Tourico Holidays. “Even despite attempts to frighten people
away from traveling, the industry is not only surviving, but thriving –
and the hotel sector in particular, continues to grow.”

Strong regional outlooks for 2017 are being buoyed by major tourist
countries throughout the world. Room nights booked in the United States
have increased by 26 percent year-over-year. Meanwhile, the United
Kingdom’s booked room nights for 2017 have increased by 38 percent
year-over-year. China has increased its booked room nights by 52 percent
year-over-year. Others, including Canada (+55% YoY), Mexico (+37% YoY),
Brazil (+31% YoY), UAE (+65% YoY), Thailand (+29% YoY), Australia (+10%
YoY), and Sweden (+112% YoY) have also seen significant growth in hotel
room nights booked for 2017.

“Tourism continues to be a major driver in the world’s economy, and a
key indicator of its health can be measured by the growth in hotel
bookings,” said Volcheff Atlass. “That said, the data revealed by the
Trends Report not only serves our business, but others in the travel
ecosystem.”

About Tourico Holidays
Tourico Holidays is a leading global
travel distribution company that contracts directly with travel
providers, such as hotels, flights, cruise lines, attractions, car
rentals, vacation homes and more. Tourico Holidays works on a
high-volume, wholesale model to broker this inventory to over 4,900
clients in 100 countries using proprietary technology.

Contacts

Tailwind PR
Pete Bahrenburg, 802-497-1932
pete@tailwindpr.com