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| Global Airline Passenger Demand |
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| The International Air Transport Association (IATA) announced global passenger traffic results for February 2019 showing total revenue passenger kilometers (RPKs) rose 5.3%, compared to February 2018. This was the slowest rate of growth in more than a year but still in line with long-term demand trends. Read more |
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| U.S. Air Travel Consumer Report |
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| In January 2019, marketing carriers posted an on-time arrival rate of 78.4 percent, down from both the 80.0 percent on-time rate in December 2018 and from 79.4 percent in January 2018 Read more |
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| U.S. Travel Trends Index |
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| Travel to and within the U.S. grew 3.2% year-over-year in February Read more |
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| U.S. Employment Trends |
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| Jobless rates were lower in February than a year earlier in 283 of the 389 metropolitan areas, higher in 67, and unchanged in 39. Nonfarm payroll employment was up in 39 metropolitan areas over the year and essentially unchanged in 350. Read more |
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| Hospitality Financial Leadership |
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| I have been around awhile and it’s not like I’m ancient or anything, but I have seen some BIG changes in how we as an industry look at numbers and what numbers we focus on. What’s important and what people are talking about for metrics is always changing - albeit slowly. Inside the current look is the driver for how we operate. For the longest time RevPAR has been the king. However, it was not always that way and I think it’s time for the king to move on. Read more |
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| U.S. Hotel Stock Performance |
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| The Baird/STR Hotel Stock Index dipped 0.9% in March to 4,642. Year to date through the first three months of 2019, the index was up 14.1%. Read more |
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| Crisis Management |
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| We hear too often that CEOs delegate responsibility for crisis management to subordinates, including legal, operations, HR and public relations staff. CEOs who delegate rationalize that their subordinates are strong leaders who can handle crises without them. But, as history has shown time and again, there is a direct relationship between how quickly a CEO takes ownership of a crisis and preservation of the organization’s reputation. Read more |
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| Market Report Singapore |
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| This article provides an overview of Singapore’s tourism landscape and hotel market performance, infrastructure development, reinvention of co-living, hotel transactions and investment in 2018 and outlook. Read more |
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