Record growth for corporate and leisure travel sectors, says report

Record growth for corporate and leisure travel sectors, says report

Both the corporate and leisure travel sectors set 2010 growth records over 2009 in November, according to new data. The report, produced by Pegasus Solutions and based on billions of global transactions, shows booking volumes through business global distribution systems (GDS) climbed by 30.6 percent. Additionally, revenue for leisure alternative distribution systems (ADS) reached a year-high of 17.3 percent over 2009. “There is definitely promise in the figures this holiday season,” said Mike Kistner, chief executive officer of Pegasus Solutions. “A year ago, we reported early indications of a tenuous recovery for the corporate travel sector as increases first seen in North America spread to other regions. Today, the corporate sector has evidenced a solid and convincing recovery worldwide across all variables - booking volume, revenue, ADR, length of stay and booking lead time.”

Gary Marshall
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Gary Marshall
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