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Hotel Industry Trends |
Monday December 1st, 2008 |
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Room Revenue Increased 7.8 Percent in May - Travel Industry Association IPI Report |
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The Industry Performance Indicators, IPI, for May 2007 revealed an increase in domestic air RPMs by 1.7 percent and international air RPMs rose 3.4 percent. |
The Industry Performance Indicators, IPI, for May 2007 revealed an increase in domestic air RPMs by 1.7 percent and international air RPMs rose 3.4 percent. Hotel/motel room demand increased 2.0 percent and room revenue increased 7.8 percent from twelve months earlier. Airline employment was up 0.5 percent and lodging employment increased 1.2 percent from May 2006.
The IPI are a set of monthly measurements that provide a quick snapshot of recent trends in travel-related industry segments. Data are obtained from both the private sector and government sources.
May 2007 Industry Performance Indicators
Sources & Notes:
Air Traffic: Air Transport Association, Bureau of Labor Statistics. RPM= Revenue Pasenger Miles.
Rail Passenger Traffic: Amtrak. RPM= Revenue Passenger Miles.
Auto Travel: U.S. Bureau of Census, Department of Energy, Federal Highway Administration.
(demand for Motor Gasoline is thousands of barrels per day)
Hotel/Motel: Smith Travel Research, Bureau of Labor Statistics.
(demand for Commercial Lodging is unadjusted room nights sold)
Restaurants: U.S. Bureau of Census, Bureau of Labor Statistics
National Parks: National Park Service
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Travel Industry Association
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TIA is the national, non-profit organization representing all components of the $537 billion travel industry. TIA's mission is to represent the whole of the U.S. travel industry to promote and facilitate increased travel to and within the United States. |
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