Pegasus Solutions Reports Spain Hotel Revenue Rises More than 10%
The Spanish hotel industry realized double-digit revenue growth in 2011 of +10.5% over 2010, according to data released today by Pegasus Solutions during the International Tourism Trade Fair (FITUR) at stand #8B29. The data also showed combined leisure and corporate bookings for Spanish hotels were up +4.0% over prior year at the end of 2011, with average daily rates (ADR) climbing +4.6%.