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According to the latest Pegasus data, GDS channel results show corporate travel recovery keeping a firm footing and forging onward. Overall, bookings, ADR and revenue are still gaining additional ground over and above the progress made last year.
Even facing the growing headwinds of economic uncertainty, travel growth continues its strong march forward overall. Corporate travel still flexes the most muscle worldwide, with leisure travel progressing despite mixed regional results. Global business-based global distribution system (GDS) channel bookings increased by +6.1% over prior year in September, accompanied by ADR growth of +3.5%. Global leisure-based alternative distribution system (ADS) channel bookings increased by +5.6% over prior year, with rates in turn rising by +3.0% over prior year.
Global GDS channel results show corporate travel recovery keeping a firm footing and forging onward. Overall, bookings, ADR and revenue are still gaining additional ground over and above the progress made last year. This is no small feat considering the uncertainty stemming from Europe’s debt worries and unstable financial markets.
Business and leisure travel growth continues
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
