Through March 2024, consumer spending on travel is robust with significant increases in passenger traffic, according to the latest global report from the Mastercard Economics Institute.

CBRE's latest forecast projects a 2.0% increase in RevPAR growth for 2024, down from the 3.0% estimated in February 2024. RevPAR is now expected to grow by 3% for the remainder of the year, driven by international tourists, holiday travel and limited supply growth.

Following the interruption of Barbados's tourism industry during the COVID&19 pandemic, Barbados is on pace to surpass the peak achieved in 2019 during 2024. The recent and planned opening of a number of internationally branded resorts in Barbados will make the destination even more attractive.

U.S. scheduled passenger airlines reported a 2023 after&tax net profit of $7.8 billion, and a pre&tax operating profit of $13.2 billion.

Today, Airlines Reporting Corp. (ARC) released data showing April air ticket sales totaled $9.1 billion for U.S. travel agencies & a 4% increase from April 2023. This marks the largest recorded total for April since ARC began reporting this data in 2017.

The U.S. hotel industry reported higher performance from the previous week and positive comparisons year over year, according to CoStar's latest data through 11 May.