Global and North American corporate bookings rebounded from June's fall, reflecting a slighter -3.4% decrease globally against July 2011, and a -6.4% decrease in North America versus the double-digit level decreases seen in June 2012, according to new data from Pegasus Solutions.
Hotel rates paid in July for business and leisure travel increased over last year both globally and in North America, according to data released today by Pegasus Solutions. Global and North America leisure booking volumes also closed in on last year's levels, resulting in the smallest booking declines yet for 2012 against 2011, save February's inflated figures due to leap year.
Rates maintained steady growth as hotel average daily rates (ADR) for business travel in July grew +3.0% globally, and increased a more significant +5.8% in North America. Leisure rates remained ahead of prior year as vacationers paid +2.3% more than last year globally, and nearly +3.0% in North America.
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