Despite the debt crisis and other uncertainty, both business and leisure consumers paid more money for their hotel rooms this May.
Hotel rates paid for vacations in May 2012 exceeded those paid in May 2011 across all global regions according to The Pegasus View, released today by Pegasus Solutions. Worldwide, average daily hotel rates (ADR) paid in May rose by +5.6% over 2011, while leisure booking volumes closed the gap from nearly -8.0% in March to just -4.6% in May.
Note: Click through to Pegaus to download full report.
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