This document summarizes hotel industry performance and distribution trends in North America for Q1 2014 based on reservation data. It finds that RevPAR growth was strong in Q4 2013 at 5.5% YoY. Projected RevPAR growth remains positive for Q1 2014 at 6.4% YoY and Q2 2014 at 19.7% YoY based on current bookings. Room nights were up 2.6% for Q1 2014 while new bookings over the past 30 days were down 7.3% compared to the previous year.