Forward bookings in the leisure market for February have remained steady compared to the same month this year, accordingto a new report. Bookings in Europe, the Middle East, North Africa and certainareas in Asia Pacific are said to have strained during October compared to lastyear, with GDS bookings globally up by 4.7%. North America’s travel market hasseen the largest increase at 5.8% while other regions struggle.
“The truth is we’re in a weak global economy, which has impacted the pace of the travel recovery,” said Mike Kistner, CEO of Pegasus Solutions. “Asthe pace has slowed from the gains made in 2010 and the first part of 2011,leisure demand has still climbed against the odds. In fact, the reality oftighter capital markets and resulting restrained supply growth is ultimatelybeneficial for occupancy and rates”.
However it is still business travel that issaid to be driving growth, which is said to have increased 4% through Pegasus’GDS channel. In addition its forward-looking data showed that business travelhas been ‘planted’ for the rest of this year into 2012, with a potentiallyslower booking growth in January and February as rates increase.