Meetings Momentum: Corporate Group Business Continues to Outgrow Other Segments
U.S. hotel performance has continued to inch toward normalized levels over the past three-plus quarters. The trend of normalization is evident across most data segments, but in recent months, particular attention has been drawn to group business. Even with slightly higher supply in the market, group occupancy grew year over year in each month of 2023 except for December. The gains were primarily driven by the corporate sector, as the level of rooms occupied by […]
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