October average daily hotel rates booked through global distribution systems increased 6.5 percent worldwide year over year

, and total bookings by 20.7 percent, Pegasus Solutions reported on Friday. Pegasus also reported that booking advance time and length of stay are up slightly year over year, indicating a loosening of business travel budgets. Bookings increased by a similar margin within North America, but average daily rate was up only 0.7 percentyear over year.