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169. Travel Industry Continues Upward Climb Despite US Credit Downgrade
According to data from Pegasus Solutions, global business travel net revenue grew by +12.2% in July 2011, while global leisure travel revenue increased +8.6%. The report, which includes extra analysis of daily bookings through 14 August, shows resiliency in both the corporate and leisure markets despite the US credit downgrade by the S&P on 5 August.
170. NCED Conference Center and Hotel Enhances Online Sales with OpenView
The NCED Conference Center and Hotel has leveraged Pegasus Solutions’ OpenView booking engine to deliver online and mobile guest room sales. OpenView will make the 964-room property more bookable for guests engaging with the hotel’s website, via desktop or mobile device.
171. Global Hotel Booking Volumes Level as Rates Continue Steady Climb
According to Pegasus Solutions, one of the world’s largest processors of electronic hotel transactions, global business and leisure hotel bookings remained steady in October, as bookings continued a steady year-to-date climb for both channels and rates paid improved slightly over the previous year.
172. RezView Internet Booking Engine an Ideal Option for Small to Medium-Sized Hotels
Pegasus Solutions has expanded the first suite of next generation hotel reservations solutions to include the powerful RezView Internet Booking Engine. PhoCusWright predicts one in three global travelers will book online by 2012, with supplier websites representing two thirds of the market.
173. Global Online Hotel Leisure Bookings Up 3.1% in January 2014
According to Pegasus Solutions, online leisure hotel bookings in January 2014 achieved double-digit growth over nearly every year back to 2007 globally, with the exception of 2013. Bookings made by leisure travelers through online channels were still a healthy +3.1% ahead of January 2013 levels, having improved by as much as +52% over recent years.
174. Valentine’s Day Helped Boost Global Leisure Bookings and Rates in February
According to Pegasus Solutions, the fact that Valentine’s Day fell on a Friday this year, helped boost global leisure bookings and rates in February. Last month, online bookings for leisure travel rose +4.6% over February 2013, and rates climbed a solid +4.0% higher. Increased consumer confidence and willingness to spend also contributed to leisure travel growth in February.
175. +5.5% Increase in GDS Reservations Sets Stage for Promising Autumn
According to Pegasus Solutions, one of the world’s largest processors of electronic hotel transactions, global corporate bookings grew +5.5% over 2012’s level in July 2013. The promising uptick in business travel was accompanied by substantial leisure demand that paled in comparison to strong gains achieved last year.
176. Corporate and Leisure Hotel Rates Increase Again in July
According to data from Pegasus Solutions, hotel rates paid in July 2012 for business and leisure travel increased over last year both globally and in North America. Global and North America leisure booking volumes also closed in on last year’s levels, resulting in the smallest booking declines yet for 2012 against 2011, save February’s inflated figures due to the leap year.

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