Knowledge@Wharton - To Brag or Not: When It Pays, When It Backfires
Bragging about generous deeds could bring individuals praise or scorn, depending on their motivations, says Whartons Deborah Small.
Total revenue passenger kilometers (RPKs) rose 6.9%, which was an improvement on the April year-over-year increase of 5.7%. May capacity (available seat kilometers or ASKs) increased by 6.5%, and load factor rose 0.3 percentage points to 79.3%.
Total nonfarm payroll employment increased by 223,000 in June, and the unemployment rate declined to 5.3 percent. Job gains occurred in professional and business services, health care, retail trade, financial activities, and transportation and warehousing.
About 20 percent of American businesses today pay for travel using cardless single-use 'virtual' accounts, up from 13 percent last year, according to a new study by the GBTA Foundation.
The hotel industry will be able to compare ranges of energy and water use, as well as carbon footprint, using a new tool from the Center for Hospitality Research (CHR).
In year-over-year measurements, the industry's occupancy increased 1.1 percent to 76.9 percent. Average daily rate for the week was up 4.6 percent to US$122.15. Revenue per available room increased 5.7 percent to finish the week at US$93.96.