The U.S. Department of Transportations Bureau of Transportation Statistics (BTS) reported today that U.S. airlines systemwide (domestic and international) scheduled service load factor a measure of the use of airline capacity rose to 83.0 percent, seasonally adjusted, in December from November, increasing after a one month decline (Table 1). Seasonal adjustment allows the comparing of monthly load factors to all other months.
Warm destinations offering fun-filled activities for families will experience the largest influx of travelers this spring season, followed by ever-popular vacation destinations Washington, D.C., New York City, Seattle and San Francisco.
GBTA slightly downgraded its forecast for Chinese business travel from its outlook published in the second half of 2014 due to expectations for slower economic growth in China coupled with continued uncertainty in the global economy. Total spending on Chinese-originated business travel grew an estimated 16.6 percent in 2014 to $261 billion USD.
Nassau/Paradise Island welcomed 74, 361 stopover visitors during the month of January, a hike of 13% over arrivals in 2014. Hotel performance also showed significant improvements with a 7% increase in occupancy levels. The average daily hotel rate in January increased by 11% and total room revenues for large hotels reached a 13% increase of over January 2014 levels.
For those who have been waiting throughout this long winter for signs of spring, the steady climb of gas prices as March begins is one of the first indicators. While gas price averages have been low for several months due to high supply and low demand, over the past month, drivers across Illinois and northern Indiana have seen that trend reversed.
IATA announced global RPKs for January 2015 showing growth of 4.6% compared to January 2014. This represents a slower start to the year which likely was affected by the timing of the Lunar New Year in Asia, which occurred one month later this year compared to 2014.