| SCOTTSDALE,
DALLAS and LONDON (May 6, 2010) – Pegasus Solutions has issued a special
edition of The
Pegasus View detailing the unexpected bonus to the European hotel
industry that resulted from more than 100,000 flight cancellations
during the
week of April 14-21, 2010. As continued volcanic activity in Iceland
has led to
more airport shutdowns this week, Pegasus’ raw data indicates the
aviation
industry absorbed the brunt of the Eyjafjallajokull ash cloud’s
negative
financial impact, while some European hotels realized triple digit
jumps in
revenue.
Acknowledging that the net effect on individual hotels will naturally vary, the report taps Pegasus’ GDS and ADS data, comparing European reservation volumes from April 14 to 21 to the same respective day of the week in 2009. Some of the findings are not surprising, such as a -22% drop in length of stay (LOS) on April 17 as stranded weekend passengers opted for as short a stay as possible. Other conclusions were surprisingly positive, according to Mike Kistner, chief executive officer of Pegasus Solutions. “This period saw a substantial rise in cancellations, peaking at more than +508% on Sunday the 19th,” said Kistner. “However, our analysis of activity by date of arrival also saw increases in bookings of as much as +135%, with an accompanying rise in average daily rate, which has been the bane of the hotel industry of late. Increased walk-in rates paid by stranded travelers boosted ADR more than +10% over 2009 for four days straight, allowing net revenue for the period to increase as much as +120%. Stressful? Yes. Profitable? You bet” The Pegasus View volcano special edition includes data and analysis by date of booking and date of arrival for France, Germany, Spain, the U.K., and Europe combined. It 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 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. |