This content requires the Adobe Flash Player.
Get Flash
02 Mar 2010 16:39
The Pegasus View January 2010:Leisure Travelers Regain Confidence, Boosting Booking Volumes Beyond 2009, 2008 and 2007 Levels
Forward ADS bookings through June show positive growth in reservations on the books, while GDS data indicates more conservative outlook for business travel
SCOTTSDALE, DALLAS and LONDON (March 2, 2010) – Pegasus Solutions has issued The Pegasus View for January 2010, the only industry report that draws from both global distribution system (GDS) and alternative distribution system (ADS) booking data. Based on the three billion transactions Pegasus processed during the month for more than 95,000 hotel distribution customers worldwide, January’s The Pegasus View indicates leisure travelers are regaining confidence, while business bookers remain cautious.
Most notably, booking volumes through the ADS, made predominantly by leisure travelers, climbed +13.93% above 2009, +9.13% above 2008, and a staggering +33.83% above 2007 levels. Future booking data in the same channel evidenced positive growth in reservations on the books through June. Contrarily, business bookings showed a depressed level of reservations on the books, with an average decrease of -6.93% versus 2009. While the drop is due, in part, to a more cautious market, the channel has also experienced a drop in lead time, which will likely result in volume increases closer to arrival.
“Leisure travelers have definitely regained confidence – driving the unstoppable growth in the ADS channel to levels that exceed the same period in 2007 by a third. ADS availability requests over 2009 – that’s just one year – jumped more than a third as well,” said Mike Kistner, chief executive officer of Pegasus Solutions. “That’s good news for the travel comparison sites, but again, it raises concerns for the hotels and technology providers fielding the requests.”
The look-to-book ratio, which measures the number of shopping requests made against the number of actual bookings made, climbed nearly +21% over January 2009. Additionally, competitive shopping by savvy leisure travelers resulted in a drop in the channel’s hotel average daily rate (ADR) of -8.34% against 2009, though net revenue climbed +1.74% for the same period.
The Pegasus View for January 2010 is available in its entirety online and by free subscription at www.pegs.com. Data reported in The Pegasus View comes from Pegasus Solutions, the world’s single largest global processor of hotel transactions through the four GDSs (Amadeus, Galileo, Sabre, and Worldspan) and ADSs.
For more information contact:
Pegasus Solutions is the world’s leading provider of technology and services to hotels and travel distributors, supplying state-of-the-art central reservation systems and electronic distribution services, advanced agency commission processing and payment services, and hotel marketing representation services. Founded in 1989, Pegasus created and launched the hotel switch, and today its customers include more than 95,000 properties around the globe as well as a majority of the world’s travel agencies. Additionally, Pegasus’ powerful representation arm incorporates Utell® Hotels & Resorts and Utell Connect, services that have been chosen by more than 9,000 member hotels in more than 145 countries, making Pegasus the hotel industry’s largest third-party marketing, sales and reservations specialist. Pegasus also powers the niche consumer Web site www.hotelbook.com™, dedicated to promoting independent and boutique hotels throughout the world. Headquartered in Dallas, Pegasus has 18 offices in 11 countries, including regional hubs in London, Singapore and Scottsdale, Arizona. For more information, please visit www.pegs.com or www.utell.com.