New Report Says Hotel Bookings and Net Revenue Figures Climbing Back to 2008 Levels

Pegasus Solutions has issued The Pegasus View for October 2009, which draws from booking data from more than 90,000 hotels worldwide during the month. Overall, the report shows bookings and net revenue figures climbing back to 2008 levels, with positive movement in North America. The region's corporate bookings jumped +3.5% in volume in October 2009 when compared against in October 2008. It also jumped +21% in leisure bookings volume for the same period.

The October 2009 Pegasus View also shows a very modest but continued climb in average daily rate (ADR) for global distribution system (GDS) bookings, which were up from September's 2009 high at $162.65 to $163 in October 2009. In the alternative distribution system (ADS) channel, which represents leisure bookings, ADR is down -14.48%, though the channel was up in terms of booking volume with overall year-on-year growth of +3.27%.

The Pegasus View for October 2009 is available in its entirety online and by free subscription at www.pegs.com. Data reported in The Pegasus View comes from Pegasus Solutions, a global processor of hotel transactions through the four GDSs and ADSs.