REPORT FROM THE U.S.—Future booking data for the next four months should have hoteliers breathing a sigh of relief as both corporate and leisure travel is expected to rebound from a stock-market-driven slowdown, according to data from Pegasus Solutions.
Julie Parodi, senior director of strategic planning for Pegasus and editor of The Pegasus View, said advanced corporate bookings in August grew by 10.2% over the prior year, a step up from July’s 5.8% year-over-year growth. In North America, corporate bookings grew year-over-year by 6.7%, compared to 2.7% in July.
Globally, average daily rate has been growing much more steadily, Parodi said, with rates for advanced bookings up 4.7% in August year-over-year, and 5.7% in North America.
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