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| Free Hospitality Publications |
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Restaurant Industry News
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Tuesday October 24th, 2006 |
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Travel Industry Performance Mixed in July
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According to the Travel Industry Association of America's (TIA) Industry Performance Indicators (IPI), the month of July 2006, revealed a decline of 4.9 percent in domestic air RPMs while international air RPMs rose 6.3 percent, compared to July 2005. Hotel/motel room revenue increased 6.4 percent from twelve months earlier. Gasoline Stations' Receipts jumped 19.2 percent from a year ago largely due to gas price increases. Airline employment was down 3.2 percent from July 2005. |
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.
Economic Research: July 2006 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
TIA is the national, non-profit organization representing all components of the $646 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. More information on TIA is available at www.tia.org.
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