Hotel booking volume to maintain in 2013
Contributors are not employed, compensated or governed by TD, opinions and statements are from the contributor directly
Travel companies selling through GDS are not expected to see “substantial gains” in hotel bookings over 2012, one technology company has said.
While bookings volumes are predicted to remain the same throughout summer and early autumn, rates are expected to increase at around 4% for the leisure market and pick up in September and October with the convention season.
Data from Pegasus Solutions, which crunches down billions of transactions from nearly 100,000 hotels, found leisure hotels have posted a new 5.1% record in rates in June compared to the same month last year. Booking growth slowed in June by 2% year-on-year but still increased 6.5%. Throughout the second quarter of the year GDS bookings spiked in April with 6.2% but levelled to 0.7% growth in June.
“The performance we’re seeing can be attributed to the perfect formula for hotels: lower room supply with increased leisure and business travel demand,” said David Millili, chief executive officer of Pegasus Solutions. “The second quarter compared against prior years shows that while demand is present, hotels are also present with real distribution strategies.”
Comments are closed.