Pegasus - Hoteiers Getting Back To Business

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.

Future bookings through the GDS channel are up for five of the next six months compared to 2009. Additionally, GDS and ADS bookings for Q1 2010 outpaced comparable periods for 2007, 2008, and 2009. March bookings for GDS and ADS combined exceeded March 2009 by +7.96%, along with showing significant gains over March 2008 and 2007, up +19.91% and +27.18% respectively. Even more importantly, global GDS ADR is slightly up. This reveals the first glimmer of hope for the easing up of ADR declines.


Source: Pegasus / Nevistas


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