| SCOTTSDALE,
DALLAS and LONDON (May 28, 2010) – Thanks
in part to a spike in reservations from the Icelandic volcano, Pegasus Solutions is reporting a
+34.3% global year-on-year increase in
April 2010 revenue for bookings made through the global distribution
systems
(GDS). Sourcing data from billions of GDS and alternative distribution
system
(ADS) transactions for nearly 100,000 global hotels, April’s The
Pegasus View further evidences a business travel recovery, citing
GDS
growth in both booking volumes (+27.4%) and average daily rate (+5.5%)
year-on-year.
Combined, GDS and ADS bookings for the month were up +11.1% year to date, with future bookings made through September showing double-digit growth. This ongoing rise in booking volumes for both channels was again accompanied by a +30% jump in ADS availability requests and look-to-book ratios. “This is what we were hoping for – travelers on the leisure and corporate sides are shopping again. Eyjafjallajokull, for the most part, helped the hotel industry enjoy a significant increase in corporate bookings, ADR and revenue for the month; but ADR for leisure travel continues to lag behind last year,” said Mike Kistner, chief executive officer of Pegasus Solutions. “We’re seeing encouraging rises in demand with sustained positive booking and revenue growth for leisure travel. However, the average of approximately +30% increases in availability requests since last year reinforces the importance of advanced hardware, applications and delivery models for hotels of all sizes to manage the onslaught of demand we’re experiencing.” ADS data for April still indicated a +12.3% average increase in booking volumes, and a +5.3% increase in revenue year to date. Globally, GDS bookings were up +10.7% year to date, which, with an accompanying increase of +3.2% in ADR for the same period, allowed revenue to also increase 12.6% year-to-date. The Pegasus View for April 2010 is available in its entirety with expert analysis 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 GDS (Amadeus, Galileo, Sabre, and Worldspan) and ADS channels. About Pegasus Solutions Inc.  Pegasus Solutions is the world’s leading
provider of technology and services to hotels and travel distributors,
supplying the award-winning RezView® NG central reservation system,
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
nearly
100,000 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 146 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. |