Hospitality Trends
U.S. airlines carried 84.8 million systemwide (domestic and international) scheduled service passengers in March 2024, according to the Bureau of Transportation Statistics (BTS). When adjusted for seasonality, March enplanements are down 1.3% from February and down 1.3% from the all&time high reached in February 2024.
A new national survey from Washington State University shows Gen Z leads other generations in travel ambitions, nearly all Americans say rising costs will impact their plans and a majority fear AI will impact industry jobs.
The U.S. hotel industry reported higher performance results from the previous week but mixed comparisons year over year, according to CoStar's latest data through 8 June.
U.S. RevPAR rose 2% year over year (YoY) after declining in March (&2%). That loss then gain pattern can be partly attributed to the Easter calendar shift, which is why it is helpful to look at the two months together.
U.S. airline industry (passenger and cargo airlines combined) employment increased to 800,807 workers in April 2024, 511 (0.06%) more workers than in March 2024 (800,296).
Developing and emerging economies are seeing steady growth and forecasted to outperform major counterparts & Inflation rates in the US and Eurozone on track to return to target 2% levels & Renewed price pressures highlight ongoing risk of global inflation
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