Pegasus Launches Hospitality Industry Data Reporting

Pegasus, which processes electronic hotel transactions, has introduced a monthly hospitality industry trends report called “The Pegasus View,” currently available online.

Pegasus houses the industry’s broadest view of global hospitality industry data. Pegasus connects more than 90,000 hotels to each of the four global distribution systems (GDSs), as well as the majority of corporate travel agencies and thousands of alternative distribution systems (ADSs).

The company is now trending the data with analysis on both corporate and leisure travel, and making it public for the first time in its 20-year history, according to Mike Kistner, chief executive officer of Pegasus Solutions.

The Pegasus View for July 2009 shows year-to-date (YTD), there has been a global decline in net reservations, length of stay (LOS), average daily rates (ADR) and net revenues, with the most dramatic declines occurring in January and February. Hardest hit has been the GDS channel, which consists mainly of corporate and business travel.

Through July, YTD global GDS net reservations are down 8.43 percent, ADR has declined from $187.19 to $148.76 (down 20.53 percent), and, as a result, GDS net revenues are down 28.62 percent. Length of stay was off just slightly from 2.22 to 2.18 nights from a year ago.

Source: CaribbeanNewsDigital