Asia Pacific Airlines Traffic Results February 2018
International passenger and cargo markets continue to record encouraging growth
The U.S. Department of Transportations Bureau of Transportation Statistics (BTS) reported today that U.S. airlines and foreign airlines serving the United States carried an all-time high of 965.0 million systemwide (domestic and international) scheduled service passengers in 2017, 3.4 percent more than the previous record high of 933.1 million reached in 2016.
WTTCs annual Economic Impact Research, released today, shows Travel & Tourism was responsible for the creation of 7 million new jobs worldwide. The report also shows that 2017 was a bumper year for the global Travel & Tourism sector, which grew at 4.6%, 50% faster than the global economy as a whole (3% growth during 2017).
Airfare prices are slowly climbing in markets with the strongest demand, according to BCD Travels midyear update to the 2018 Industry Forecast. Meanwhile, the outlook for global hotel rates in 2018 remains unchanged with a 2-4% increase predicted over last year.
The U.S. Department of Transportations Bureau of Transportation Statistics (BTS) reported today that U.S. airlines carried an all-time high number of passengers during 2017 849.3 million systemwide, 741.6 million domestic and 107.7 million international surpassing the previous high reached in 2016
Led by millennials, some 88 million Americans plan to take family vacations this year. According to the latest research from AAA Travel, 44 percent of millennials are planning a family getaway, more than members of Generation X (39 percent) or baby boomers (32 percent).