the source for hotel and hospitality trends
In recent years, the role of the revenue manager has expanded. Revenue managers are now charged not to just maximize revenue, but profits as well. With the aid of multiple data sources, sophisticated models, and article intelligence, revenue managers have mastered the science of maximizing revenue. However, they are still learning to master the maximization of profits.
In August, U.S. hotel occupancy was flat at 71.4%, and a 0.9% ADR increase to $132.47 drove RevPAR up 0.9% to $94.55.
ACI also names world’s top airports for passengers, cargo, and aircraft movements
Update from Restaurantdata.com on growing and emerging restaurant concepts
Coastal markets in Florida, Georgia and South Carolina reported steep demand declines between 30 August and 5 September in response to the threat of Hurricane Dorian.
2.1% of all review submissions that year were identified as fake – but most never made it onto the platform
U.S. scheduled passenger airlines reported a second-quarter 2019 after-tax net profit of $4.8 billion, the 25th consecutive quarterly after-tax profit, and a pre-tax operating profit of $6.9 billion, the 33rd consecutive quarterly pre-tax profit.
U.S. airlines carried an estimated 78.2 million systemwide (domestic and international) scheduled service passengers in August 2019, seasonally-adjusted, according to the Bureau of Transportation Statistics’ (BTS) first estimate, up 0.3% from the July second estimate.
Traffic in emerging markets growing faster than advanced economies
e-forecasting.com's U.S. monthly-GDP ™, rose in August by an annualized month-to-month growth rate of 0.6% to $19,084 billion of chained 2012 dollars expressed at seasonally adjusted annual rates, following an increase of 1.2% in July.