Update from Restaurantdata.com on growing and emerging restaurant concepts
Hotels in Central and South America saw hotel occupancy increase 1.2% to 58.8% in 2019 as ADR rose 8% to $96.25 and RevPAR increased 9.3% to $56.55.
Middle East hotel RevPAR declined 5.1% to $95.09 in 2019, but in Africa, hotel RevPAR rose 2.6% to $67.01 for the year.
During the week of 12-18 January, U.S. hotel occupancy rose 1.1% to $58.9%, ADR increased 5.2% to $130.99 and RevPAR rose 6.4% to $77.16.
Canadian hotel occupancy fell 3.7% to 52.4% during the week of 12-18 January as ADR dipped 0.1% to 146.51 Canadian dollars ($111.30) and RevPAR decreased 3.8% to CA$76.74 ($58.30).
U.S. domestic air fares in the third quarter of 2019 of $345 were the lowest on record, inflation adjusted, based on Bureau of Transportation Statistics (BTS) records dating from 1995. The third-quarter 2019 fares were down 1.2% from the previous low of $349 in the third quarter of 2018.
U.S. Travels Vacation Planning Tool Helps People Get the Most from Their Earned Time Off
In every region across the world, CEOs predict slower economic growth
The 21 U.S. scheduled passenger airlines employed 2.9% more workers in November 2019 than in November 2018
Passenger markets registered growth, whilst cargo demand remained in decline