November 12, 2012

GDS hotel bookings lose momentum in September


GDS bookings were down about 3 percent year over year in July and August but dropped to 7.8 percent in September. The average daily rate of those bookings have been near or slightly higher than the prior year.

Hotel bookings through global distribution systems in July and August nearly kept pace with 2011 levels but dipped in September, according to Pegasus Solutions.

GDS bookings were down about 3 percent year over year in July and August but dropped to 7.8 percent in September. The average daily rate of those bookings have been near or slightly higher than the prior year. The data reveals a "conservative approach toward travel decisions," which could ease in the coming months, according to Pegasus.

"Forward-looking global rates evidence that business travel demand has not waned," the report said. "Reservations will continue to improve as economic uncertainties, like the conclusion of the U.S. election, ease and corporations gain more confidence in making both short-term and long-term decisions."

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