www.tia.org
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Travel Industry Association �IPI� Report:
Travel Industry Performed Well in 2007
Travel Industry Association �IPI� Report: Travel Industry Performed Well in 2007
| Washington,
DC � February 2008 � According to the Travel Industry Association of America�s
(TIA), the Industry Performance Indicators
(IPI) for December 2007, revealed a decline of 3.4 percent in domestic
air revenue passenger miles (RPMs) compared to December 2006; however,
domestic air revenue passenger miles increased 0.5 percent for the year
to date. International air RPMs rose 7.4 percent from a year earlier and
5.9 percent over the calendar year. Hotel/motel room receipts grew
4.8 percent against December 2006 and 7.2 percent for the year to date.
Hotel/motel jobs increased 1.4 percent during 2007. Employment in airlines
was up 1.1 percent in 2007.
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.
December 2007 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 | TIA (www.tia.org) is the national, non-profit organization representing all components of the $740 billion travel industry. TIA�s mission is to promote and facilitate increased travel to and within the United States. TIA is proud to be a partner in travel with American Express. | Contact: Cathy Keefe Manager, Media Relations 202�408�2183 |
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