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Hotel bookings in June 2012 for business and leisure
travel fell off last year’s levels globally and in North America,
while rates for both channels continued a steady climb, according
to The Pegasus View from Pegasus Solutions.
Corporate bookings dropped by double digits worldwide and in
North America, while leisure bookings were down by a smaller
margin.
It was the combined group of regions
outside of North America that realized reservation growth for
leisure travel, returning +0.8% booking growth over June 2011.
In
the corporate market, global bookings dropped -10.6% over prior
year as North America decreased -13.9%. Outside North America,
corporate reservations volume was down -5.9%.
The leisure market
saw smaller declines of -5.3% for global bookings and -6.1% for
North America.
“Corporations and consumers are
thinking hard about travel,” said David Millili, chief executive
officer of Pegasus Solutions. “Both are
spending, as evidenced by the ongoing steady rise in rates, but it
has to be the right spend. Corporations still see value in the
face-to-face business supported by corporate travel, but are
taking time to consider what trips to take, when to take them and
whom to send. Consumers are no different. They’re committed to
traveling, but they’re taking the time to rethink and reshuffle
travel dates, destinations, trip length, activities and, of
course, hotels.”
While the volume of bookings was
down, rates delivered an impressive performance in June, rising
globally and in North America for both the business and leisure
markets. The global corporate market saw a nearly +3.0% increase
for the month, as North American rates doubled that performance,
growing an even +6.0% over last year. Leisure rates were up,
though at a less significant rate, climbing +2.2% globally and
+1.9% in North America.
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.
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June 2012,
RevPAR,
ADR
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