What Happens When Government Per Diems Change? – By Bram Gallagher Ph.D. and Aman Patel

To assess how a change in the federal government per diem rates impact a lodging market, CBRE Hotels Research (CBRE) studied the Cobb County, Georgia market. Cobb County was chosen because in August of 2018 the GSA announced that it had designated Cobb County as new Non-Standard Area (NSA). In turn, the government per diem rate for Cobb Country dropped significantly for fiscal year 2019 which began in October 1, 2018.

September Global Air Freight Volumes Remain Weak

The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), decreased by 4.5% in September 2019, compared to the same period in 2018. This marks the eleventh consecutive month of year-on-year decline in freight volumes, the longest period since the global financial crisis in 2008.

US-China Trade War Weighs Heavily on Air Cargo

The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), contracted by 3.9% in August 2019, compared to the same period in 2018. This marks the tenth consecutive month of year-on-year decline in freight volumes, the longest period since the global financial crisis in 2008.