Corporations welcomed the brand new year by booking more travel, in step with Pegasus Solutions, the one largest processor of electronic hotel transactions. After holding steady at 2011 levels in December 2012, January 2013 surged ahead with booking gains of nearly +8% for the worldwide corporate market, a performance that was exceeded within the leisure sector. Accompanying global growth in reservations, rates paid by corporate travelers increased by +2.1% over prior year. In North America, corporate bookings climbed +5.4% over 2012 as rates grew slightly more by +2.3%. However, business travel showed probably the most significant improvement over prior year outside North America, where growth was fueled by Asia. Reservations for all other regions combined surpassed 2012 by +11.2%, as rates inched +1.0%. “We began 2012 heralding a climb in...
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