Pegasus’s new report finds business travel has at last recovered.
“Hotels worldwide have been holding their breath for business travel to recover,” said Mike Kistner, chief executive officer of Pegasus Solutions. “February figures are suggesting they can possibly exhale…a little.”
The company’s Pegasus View found that globally, the GDS channel (which is mostly business travel bookings) increased worldwide almost four percent in February.
North America returned strong performance on the booking front, surpassing February 2009 by almost nine percent.
“Regionally, the challenges hotels face in this recovery are different. North America is still contending with length of stay, which means that corporate travel is occurring, just in a lessened capacity,” the report found.
All other regions, however, have the rates and length of stay hoped for in North America but are not attracting the same volumes, it added.
The Pegasus View for February 2010 is available in its entirety online and by free subscription at www.pegs.com.
By David Wilkening
