Related Newslog Items
July 29, 2010
GDS hotel bookings in June jumped 23.5 percent year over year and average daily rate grew 6.3 percent, according to Pegasus Solutions. In North America, hotel ADRs for bookings in
global distribution systems increased 3.3 percent. The 7.5 percent growth outside North America represented "the highest ADR growth year-to-date," according to Pegasus. "Increasing demand witnessed by healthy booking volumes indicates there is yet more room to raise rates and realize additional revenue potential."
June 28, 2010
American Express Business Travel clients in the first quarter paid an average of $146 per night for a U.S. hotel room, down 5 percent year over year. The April average was $150. For first-quarter
hotel bookings outside the United States, clients on average paid $228 per night, down less than one percent year over year, according to Amex. The average non-U.S. rate declined further in April, to $224.
June 22, 2010
The North American average for daily lodging rates sold in global distribution systems increased 4.5 percent in May compared with a year earlier, according to
Pegasus Solutions. North American net bookings grew 26.3 percent versus May 2009, whereas GDS net revenue jumped 35.5 percent. Outside of North America, ADR increased 7.3 percent in May and year to date-May ADR grew 5.2 percent. Globally, ADR is expected to climb 5.2 percent in June, 9.5 percent in July, 11.9 percent in August and 8.6 percent in September.
January 28, 2010
Average daily hotel rates in GDSs fell 1 percent year over year in December on 6 percent higher bookings, according to Pegasus Solutions.December 17, 2009
The average daily rate for North America hotel reservations in GDSs during November increased 1 percent year over year, according to Pegasus Solutions. It marked the first such increase for the global distribution channel in 2009. Net reservations increased nearly 13 percent, representing a fourth consecutive monthly gain.
November 24, 2009
The volume of October GDS hotel bookings increased 3.5 percent year over year, marking a third consecutive month of growth, according to Pegasus Solutions. "North American corporate bookings seem to be recovering much quicker than the rest of the world," Pegasus reported. "The encouraging figures we saw in September are shaping up as a solid trend in October." The average daily rate for North America GDS
hotel bookings in October dropped 2.1 percent year over year, the smallest decline of any month this year. "It appears that ADR through the GDS channel has been somewhat protected by annual negotiated rates, according to Pegasus, which added that "we still have a significant gap to close before rates are back to pre-recession levels."
October 22, 2009
The average daily rate for September GDS hotel bookings was $162--"highest achieved this year"--according to Pegasus Solutions. Net reservation volume through
global distribution systems declined 3.4 percent year over year but increased "close to 7 percent compared to Sept. 2007," Pegasus said. For North America
GDSs, net reservations grew by 2.8 percent versus Sept. 2008 while ADR retreated 9.7 percent, the smallest decline this year.
August 20, 2009
Hotel reservations in GDSs between January and July dropped 8 percent and average daily rate fell 20 percent to $148.76, according Pegasus Solutions Group. Pegasus described the
global distribution system channel as "hardest hit" among hotel distribution segments, and predicted the net reservations in
GDSs between August and December would fall 26.4 percent and ADR would retreat 19.6 percent.
August 18, 2009
Trondent Development Corp. released an airfare analyzer for meeting and event professionals. Available for Sabre
global distribution system users, the tool handles queries covering as many as 50 origins and five destination; aggregates "public and private tariffs associated with multiple airfare categories"; and "identifies the most cost effective destinations to host a meeting."
June 15, 2009
Starwood Capital Group agreed to purchase Golden Tulip Hospitality, including the Golden Tulip, Tulip Inn and related brands encompassing 260 hotels in 45 countries. According to the companies, Starwood would leverage its existing ownership of Louvre Hotels to grow the Golden Tulip presence "in existing and emerging markets." According to a statement by Starwood Capital Group managing director Rich Gomel, "The group will be able to compete more effectively for corporate accounts thanks to a larger share of the
global distribution system and distribution channels." The companies expect the transaction to close by June 26.
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