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Leisure Reservations Surged Ahead in April as North American Corporate
Bookings Struggled to Maintain Global Pace

Pegasus Solutions Reports on Region's Mixed Performance Concurrent to the
35th Annual NYU International Hospitality Industry Investment Conference

(June 3, 2013) – Pegasus Solutions has issued data specific to North American hotel performance concurrent with the 35th Annual NYU International Hospitality Industry Investment Conference. The single largest processor of electronic hotel transactions is reporting that the region’s corporate bookings struggled to maintain the record global pace of +8.8% with a more modest +5.0% increase over April 2012. However, North America’s leisure market surged ahead by an impressive +7.0%, surpassing the global rate of +6.2%.

Even with a boost from the Easter holiday last April, similar to the lift in March of this year, April 2013 set a solid year-to-date global growth pace of +4.0% for the corporate and +5.4% for the leisure market. In North America, the year-to-date growth rate also remained positive through April, reaching +2.4% for business, and +6.8% for leisure.

“The region’s evergreen destinations like New York and Los Angeles remain strong for business and leisure. But, current transactions evidence double digit year-over-year bookings growth through August for North American leisure destinations like Mexico City (+51.1%), Nashville (+19.7%), Denver (+15.8%) and Portland (+10.3),” said David Millili, chief executive officer of Pegasus Solutions. “Domestic demand is delivering the most significant portion of these bookings, followed by neighboring Canada and Mexico. For certain cities, the UK, Germany, Japan and Australia are also helping fuel growth.”

The positive demand results were mirrored in the average rates paid, where North America’s corporate rates came within a mere -0.2% of 2012 in April. Global rates stayed a slim +0.1% ahead of last year. Leisure market rates in North America jumped +3.3% during the month, significantly beyond the +1.2% rise seen at the global level.

“The investment community is taking a hard look at the global hospitality market this week, which, by all indicators, is performing well for both channels in terms of bookings and rates,” added Millili. “For hotels in North America, we’re seeing the corporate market fall short of the leisure market’s impressive run. Looking ahead, this trend will continue as global corporate demand is expected to ease just below 2012 levels after a potential bump of around +4% in June. In the global leisure market, current business on the books is showing a climb approximating +8% that could reach as high as +11% in August.”

Data reported by Pegasus Solutions comes from billions of transactions processed monthly for nearly 100,000 hotels, facilitating more than $16 billion a year. The Pegasus View, produced quarterly, is the only industry report to reflect data drawn from both GDS and ADS transactions, representing the business and leisure markets respectively. Pegasus’ PegasusView Market Performance business intelligence is a monthly reporting product augmenting the global data provided quarterly in The Pegasus View.

About Pegasus Solutions
Pegasus Solutions is the single largest processor of electronic hotel transactions, delivering advanced and affordable connectivity and distribution solutions to nearly 100,000 hotels worldwide. Pegasus connects hotels to crucial sources of business, facilitating almost $16 billion for its clients annually. In additional to foundational global distribution system (GDS) access and online connectivity, Pegasus delivers online, social marketing and booking solutions through its Open Hospitality division, and powerful reservation tools to convert and capture bookings. As a trusted partner in generating guest room demand and sales, Pegasus also offers hotels actionable business intelligence through its PegasusView Market Performance reports to help hotels understand and respond to changing market conditions.

Pegasus has 18 offices in 10 countries, including regional hubs in Dallas, Frankfurt, London, Madrid, New York, Sao Paulo, Singapore and Scottsdale. For more information, visit or

Ariel Herr

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