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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
TravelDailyNews Asia-Pacific editorial team has an experience of over 35 years in B2B travel journalism as well as in tourism & hospitality marketing and communications.
