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
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.

































Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Euromonitor International unveils world’s top 100 city destinations for 2025