Fueled by a strong U.S. dollar, international demand remained stout in November 2024, particularly on European and Asian routes, and domestic U.S. airfares hit a two-year high. Meanwhile, U.S. hotel demand remained sturdy in what would prove to be a strong fourth quarter.
• The total number of international passenger trips settled by ARC in November increased 3.4 percent year over year, while domestic U.S. trips declined 0.2 percent. Nevertheless, the average U.S. domestic fare reached $576, the highest monthly figure since October 2022. Trips settled by corporate agencies, however, declined from prior-year levels after two months of growth.
• IATA called out “strong performance” by carriers on European and Asia-Pacific routes for a…
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