Travel Industry Performance Mixed in October
According to the Travel Industry Association of America's (TIA) Industry Performance Indicators (IPI), the month of October 2005 revealed a decrease in domestic air RPMs by 2.0 percent from October 2004 while international air RPMs increased 4.6 percent from twelve months earlier.
Airline employment fell 3.3 percent against October 2004. Hotel/motel room revenue was up 5.4 percent from one year ago; lodging jobs increased 1.5 percent during the same period. Gasoline station receipts declined 0.8 percent from September 2005; however, they were still 25.5 percent higher than a year ago. Recreational visitors to national parks dropped 9.9 percent compared with October 2004.
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: October 2005 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
Travel Industry Association of America
TIA (www.tia.org) is the national, non-profit organization representing all components of the $600 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.
Logos, product and company names mentioned are the property of their respective owners.
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