Hotel News Resource - Pegasus Hotel Industry News

North American leisure travel outpaced global travel bookings in September by 1.4%, according to data released today by Pegasus Solutions. Overall, the leisure market saw leisure bookings gain momentum worldwide from the +4.2% increase seen in August, evidencing a surge in off-peak travel.

The Pegasus View December 2010: Year Ends with Leisure Hotel Revenue Up Nearly +10%

The Pegasus View October 2010: Pre-Holiday Shopping Drives Leisure Travel Revenue to Record High Increase of Nearly +15% over 2009

Future bookings for both sectors show average double-digit increases through Q1 2011

Pent-up Demand Also Leads to Lower Look-to-Books as Consumers Return to Booking

Hoteliers Harness Strategic Pricing to Bolster Revenues from Bookings Growth

Booking Volume Increase of 27.4% and Growth in ADR of 5.5% Reconfirm Business Travel Recovery

Rising occupancy rates over the first quarter, along with strong future booking volumes, substantiate that hotel demand seems to have turned the corner, especially in the business travel segment.

North America business travel booking volumes show strong performance While other regions return increases in length of stay and average daily rates

All the indications that Pegasus has analyzed over the past couple of months indicate that the market has bottomed out and bookings are returning to hotels. This was confirmed by strong performance in December in both the GDS and ADS channels.