The volume of October GDS hotel bookings increased 3.5 percent year over year, marking a third consecutive month of growth, according to Pegasus

Solutions. "North American corporate bookings seem to be recovering much quicker than the rest of the world," Pegasus reported. "The encouraging figures we saw in September are shaping up as a solid trend in October." The average daily rate for North America GDS hotel bookings in October dropped 2.1 percent year over year, the smallest decline of any month this year. "It appears that ADR through the GDS channel has been somewhat protected by annual negotiated rates, according to Pegasus, which added that "we still have a significant gap to close before rates are back to pre-recession levels."