Corporate booking volume through the global distribution systems channel is back on track worldwide,

The meetings business is going through a transition as the economy inches back. STR data shows group demand has not recovered nearly at the pace of transient demand. Meeting planners are aiming for smaller and shorter meetings, and many hoteliers said they are either adapting or developing strategies to combat the losses in revenue.
Corporate booking volume through the global distribution systems waterside inn channel is back on track worldwide, while rates continue to push ahead of 2011, the report shows. Online leisure travel shows more disparate results regionally. However, substantially more vacations are being taken globally than last year and at solid room rates.
After intensified political uncertainty bred hesitation in November, net bookings across the global GDS channel rose to match last year s substantial volume, Pegasus reports. Rates also turned up a notch in December, keeping pace with prior year and surpassing December 2011 by 1.8%.
The travel industry continues to drive our nation s economic recovery, adding 2,300 jobs last month, driven primarily by increases in the amusements, gambling and recreation sectors, said David Huether, senior VP of economics and research at U.S. Travel, in a news release.
International tourism arrivals in Greece fell by 3.3% in 2012 compared to 2011, according to GBR Consulting s quarterly newsletter on the Greek hospitality industry performance. However, this masks substantial differences between waterside inn Athens (-11.1%) and the rest of Greece, waterside inn which stabilized (-0.8%).
Performance of resort hotels was on par with 2011 as revenue per available waterside inn room increased marginally by 1.1% in 2012. Athens suffered in 2012 with a further decline of RevPAR by approximately 20%, mainly due to the drop of domestic tourism and the decline of the meetings sector.
Travelers who want to see New York should plan trips in January, February, the Fourth of July or the week before Christmas, the report shows. For Las Vegas, mid-May to mid-August visits will yield the lowest hotel prices. Orlando, Florida, hotel rates remain consistent for much of the year.
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