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Pegasus Solutions reports steady month of hotel bookings

Global business and leisure hotel bookings remained steady in October, according to Pegasus Solutions.


Pegasus Solutions, which processes electronic hotel transactions, said bookings continued on a steady climb with the rates paid improving slightly year on year.


Leisure rates have maintained a 2.7% year-to-date growth and corporate rates were up slightly by 0.6%.


The number of global corporate bookings in October 2013 matched that of October 2012.


David Millili, chief executive of Pegasus Solutions, said: “Five years ago, our industry had just been hit with the effects of the economic downturn.


“Hotels across every region and segment experienced a dip in occupancy and rates. Bookings have been recovered for a couple of years now, but we continue to struggle to return rates to 2007 levels.


“For the corporate channel, October rates actually set a year-to-date pace of +1.1% over October 2007, though they were still off that month’s performance by -3.5%. Every bit of growth we see in those rates brings us closer to being fully ‘recovered’, which is still a way off for the leisure market.”


Rates paid by leisure guests were up 2.3% on 2012.

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