Hotel business takes trouble in its stride
The significant impact of world events on regional markets in Asia-Pacific, the Middle East and North Africa failed to dampen near-record growth on a worldwide scale in hotel bookings and revenue for both the business and leisure sectors.
Pegasus Solutions said corporate travel reservations grew in March 2011 over 2010 by +30%, while revenue climbed +42.5%, aided by a +6.9% increase in average daily rate (ADR).
Following a growth dip in February, March global leisure bookings achieved the second highest growth pace in the last year, climbing +10.8%, while revenue jumped +15.5%.
“Global travel as a whole continued its steady climb despite major world events that affected select regions,†said Mike Kistner, CEO of Pegasus Solutions.
“Last year, March was bolstered by the Easter holiday that fell in April this year, which makes the leisure climb last month that much more impressive.â€
Forward-looking data for bookings made through the global distribution systems shows no slowdown for business travel.
The data displays reservations will increase by more than +20% through the second quarter as ADR, length of stay (LOS) and booking lead times also rise.
The March 2011 The Pegasus View is available in its entirety online and by free subscription at www.pegs.com.
Ian Jarrett
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Strike action set to cause travel chaos at Brussels airports
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent