Travelers can save money with travel deals at the Holiday Inn Express, the Grand Hyatt, the Hyatt Regency and other hotel chains, thanks to the hotel industry’s annual holiday season sales surge.
The industry is reporting the sales surge, fueled by the increased demand for vacation deals, is now expected to exceed $1 billion for the first time ever, according to industry tracker Hotels.com.
The annual holiday sales surge is expected to be fueled by more people traveling for vacation and the number of people traveling to other states to stay at their hotels, according the industry trade group.
“This year, we’re seeing an unprecedented surge in demand for holiday deals and holiday hotel deals,” said Mark Condon, CEO of Hotels Group International.
“This is the first year in over a decade that we’re experiencing such a surge.
And it is going to be a massive year for the industry.”
Hotels.org, a website that tracks holiday sales for the hotels industry, estimates that hotels are selling more than $1.5 billion worth of holiday deals in 2017.
This year, hotels are expected to sell about $1,700 per night for hotel rooms in the United States.
The Hotels Industry Association reported that in the first half of 2018, the average holiday-ticket price for a two-night stay was $1.,890.
Hotels also reported that this year’s holiday season is on track to be the best year ever for sales at the resorts.
The hotels industry is expected in the months ahead to increase their revenue by $1 million per day, and this is due in large part to the increased sales at their resort resorts, which have become more popular with families.
“Our sales growth is expected, as our guests are traveling more and more, to continue to drive more sales at our resorts,” said Condon.
Hotel chains reported the first-half holiday season in the best shape for the year, with revenue growth of more than 50 percent year-over-year.
“The industry has seen tremendous growth in the last few years and we are excited to continue our momentum,” said Steve Graziano, vice president of business development at Marriott International.
HotELs.org noted that hotel occupancy is at an all-time high, with hotel occupancy increasing by more than 5 percent in January and February, and by more on the way for 2019.