With a 20-year history operating the Pegasus UltraSwitch, and its role today processing more than 40 billion annual electronic hotel transactions, Pegasus houses the industry’s broadest view of global hospitality industry data. Pegasus connects more than 90,000 hotels to each of the four global distribution systems (GDSs), as well as the majority of corporate travel agencies and thousands of alternative distribution systems (ADSs). The company is now trending the data with analysis on both corporate and leisure travel, and making it public for the first time in its 20-year history, according to Mike Kistner, chief executive officer of Pegasus Solutions.
“We’re finally opening the vault. Pegasus sits in a unique position that allows us to track trends and forecast net reservations, length of stay, average daily rates and net revenues from both a global and regional perspective. Our first report, based on data from July 2009, shows the overall pace of decline has slowed somewhat since early 2009, but that the industry is still in a difficult position compared to the same period in 2008. This tells us, we aren’t out of the woods yet, but the forward-looking data allows us all to plan accordingly,” said Kistner.
The Pegasus View for July 2009 shows year-to-date (YTD), there has been a global decline in net reservations, length of stay (LOS), average daily rates (ADR) and net revenues, with the most dramatic declines occurring in January and February. Hardest hit has been the GDS channel, which consists mainly of corporate and business travel. Through July, YTD global GDS net reservations are down 8.43%, ADR has declined from $187.19 to $148.76 (20.53%), and, as a result, GDS net revenues are down 28.62%. Length of stay was off just slightly from 2.22 to 2.18 nights from a year ago.