ASIA Travel Tips.com

Hotel Rates Set New Year-On-Year Growth Record

Search ASIA Travel Tips .com Send to Friend ASIA Travel Tips.com Latest Travel News Friday, 1 June 2012
 

According to data in The Pegasus View by Pegasus Solutions, hotel ADR continued a northward trend in April 2012, realizing record or near-record growth margins over rates paid in 2011.

North American corporate hotel rates set a new year-on-year growth record, increasing +9.3% over 2011, beating a previous record of +7.1% set in February by more than two percentage points.

Global rates for hotels booked through the global distribution systems (GDS), representing mostly business travel transactions, grew +5.5%, the greatest growth margin since July 2011.

 Leisure rates also soared as global bookings made through online channels increased by +9.1% over April 2011, and North American rates rose +7.3%.

“A common misstep many hotels made in 2001 and 2008 when bookings fell was to automatically abandon strategy and slash rates,” said Mike Kistner, chief executive officer of Pegasus Solutions. “April’s numbers show that corporate rates paid in April 2012 were higher than four of the five previous years, and just shy of three percentage points of those paid in 2008. Hotels are staying true to their product, not only maintaining rates, but also driving them back to where they need to be. Combined with bookings growth, this rate growth has corporate revenue up by double digits over all five previous years.”

Following a drop in March of -7.5%, global corporate bookings rebounded to just -0.5% off of 2011 in April. If not for February’s extra day, April would have represented the global corporate sector’s best booking performance against prior year for 2012 thus far.

North America’s business bookings made similar progress, coming within -5.8% of prior year in April after falling -9.0% from last year in March.

 Leisure reservations also improved from March losses. The global gap against the year before was narrowed from -7.9% in March to -6.4% in April; likewise, North America moved from a -9.0% slide in March to a -7.9% shortfall in April.

Looking forward, summer corporate bookings are proceeding unevenly with the potential for greater growth in June and August expected, while rates should continue with steady increases. Leisure bookings are expected to hover near summer 2011 levels with ADR likely to drive revenue growth.

Data reported in The Pegasus View comes from billions of transactions processed monthly by Pegasus Solutions facilitating more than $16 billion a year in hotel transactions. It reflects data drawn from both GDS and ADS transactions, representing the business and leisure markets respectively for nearly 100,000 hotels worldwide.

See other recent news regarding: Airlines, Airline Traffic, Airports, Awards, Flights, Codeshare, FFP, Inflight, Lounges, First Class, Business Class, MICE, GDS, Rewards, Miles, Hotels, Apartments, Promotions, Spas, Yoga, Retreat, New Hotels, Traffic, Visitor Arrivals, Cruises, Free Deals, Interviews, Pictures, Sports Tourism, Videos, Pegasus, Utell, ADR, RevPAR

Subscribe to our Latest Travel News Daily Email Free of Charge by simply entering your email address to the right. You can also stay updated with our RSS Feed Free Travel News RSS Feed and even add the travel news to your website. Have questions? Please read our travel news FAQ.
     
Exclusive HD video interview with Mr. Fumihiro Sakakibara, General Manager - Japan, Macao Government Tourism Office. Aviation industry update from the Group CEO of AirAsia, Mr. Tony Fernandes, and Gary Chapman, Emirates' President Group Services and dnata. Exclusive HD video interview with Mr. John R. Rolfs, General Manager of The Ritz-Carlton, Tokyo and Vice President Japan & Korea. In this interview, filmed in a luxurious suite at The Ritz-Carlton, Tokyo on Sunday, 24 September 2017, we ask Mr. Rolfs to tell us more about the property.
Macao Tourism Update Aviation: AirAsia and Emirates The Ritz-Carlton, Tokyo
What exactly is going to happen to The Dusit Thani Bangkok hotel, when will it close, what about the staff, when will the new Dusit Thani Bangkok open and what will it be like? In this exclusive HD video interview with Ms. Sukanya Janchoo, General Manager of The Dusit Thani Bangkok, Steven Howard of TravelNewsAsia.com asks Khun Sukanya about the hotel, its markets, RevPAR and these major changes. Travelodge Hotels Asia’s Brands and Expansion Plans - Exclusive HD Video Interview with Stephen Burt, Chairman. Exclusive HD video interview with Alejandro Bernabe, Group Director of Avani Hotels and Resorts. We talk about Avani Hotels' future plans and what exciting new developments are in the pipeline. You will also learn that Avani is about to announce a new sub brand, is currently building its first resort with private pool villas and what the group's position is on new technology.
Dusit Thani Bangkok Travelodge Hotels Asia Avani Hotels & Resorts
Jonathan Wigley, CEO of Travelodge Thailand, outlines expansion plans in HD Video Interview. Exclusive HD video interview with Myanmar's Minister of Tourism and Hotels, H.E. U Ohn Maung, about the status of tourism in the beautiful and mystical country of Myanmar (formerly known as Burma). Birth of a Luxury Thai Hotel Brand - HD Video Interview with Christopher E. Stafford, Chief Operating Officer of the newly formed 137 Pillars Hotels & Resorts.
CEO of Travelodge Thailand Myanmar Tourism Update Birth of Luxury Thai Hotel Brand
This HD video tour of Thai AirAsia X's brand new 337-seat Airbus A330-300 aircraft was filmed at Don Mueang Airport in Bangkok, Thailand on 14 May 2014  Exclusive HD video interview with Jaime J. Bautista, President & Chief Operating Officer (COO) of Philippine Airlines (PAL) HD video of the interior and exterior of a Thai Vietjet Airbus A320-200.
Thai AirAsia X A330-300 PAL President & COO Thai Vietjet A320-200
Inside Qatar Airways Boeing 787-8 Dreamliner - HD Video It takes 800 workers between 65 and 80 days to assemble, install, test, paint, furnish and deliver an Emirates Airbus A380. Showers, Bars, Lounge - The Emirates Airbus A380 Has Them All - HD Video Tour Thai Airways International Takes Delivery of Brand New Boeing 777-300ER
Qatar Airways B787 Emirates A380 Thai Airways B777-300ER
Latest Travel News
Advertising
Advertising
Copyright © 1997-2017 ASIATravelTips.com/TravelNewsAsia.com