by MIchael J. Shapiro | July 03, 2012

The average daily rate for hotels booked through global distribution systems in May increased by 7.6 percent year-over-year in North America, according to Pegasus Solutions, a transaction-technology provider.  The average daily rate rose by 3.9 percent globally, noted May's edition of The Pegasus View. The number of bookings dropped by 5.7 percent, however, when compared with last May's double-digit (15 percent) growth. "Taking last year's volume and the dragging global economy into consideration," the report notes, "bookings are delivering quite a durable performance."