February Travel Leaps Forward | The Pegasus View February 2012
An increase in rates was coupled with promising reservations. Globally, corporate bookings rose +5.1% over prior year, and would still have risen +0.5% without leap years extra day. Leisure bookings, which rose +2.5%, would have returned a slight drop of -1.6% without the 29th.
The latest edition of The Pegasus View is now available for your review. February room rates in North American led to record increases over prior-year for both business and leisure bookings. Corporate rates edged past previous record margins to a new high of +7.1%, while leisure rates rose +7.3%, almost a full percentage point more than June 2011's previous high of +6.4%.
An increase in rates was coupled with promising reservations. Globally, corporate bookings rose +5.1% over prior year, and would still have risen +0.5% without leap years extra day. Leisure bookings, which rose +2.5%, would have returned a slight drop of -1.6% without the 29th.
"By the numbers, February was a good month worldwide," said Mike Kistner chief executive officer of Pegasus Solutions. "No doubt, business and consumer reservation volumes were bolstered by the extra day of bookings, but it wasn't Leap Year that drove rates up - demand did. And it did so in an utterly convincing manner for both channels, setting records in North America and still rising elsewhere."
The February report tells the story.
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