The fourth quarter ended with what appears to be strong business travel performance in a month not normally known for strong corporate demand, allowing hotel companies to beat their fourth-quarter and full-year revenue per available room projections and airlines to see strong increased in Q4 corporate demand, which a few already have indicated continued into January 2025.
• ARC referred to travel demand in December as a “surge,” helped along by corporate buyers. The number of December trips sold by U.S. corporate agencies and settled by ARC increased more than 11 percent, higher than all but one month of 2024 (July), with overall passenger trips up 13 percent. The average December U.S. domestic fare was well up from a year prior,…
Boutique Travel VC raises investment cap from $1.5M to $10M to lead rounds and support portfolio companies through growth Travel...
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