International Air Transport Association (IATA) global passenger traffic results for May showed demand, measured in revenue passenger kilometres, rose 6.1 percent compared to the same month in 2017.
This also presented a slight pickup from six percent year-over-year growth for April this year. Capacity climbed 5.9 percent and load factor rose 0.1 percent to 80.1 percent.
Alexandre de Juniac, CEO, IATA, elaborated, "May was another solid month in terms of demand growth. As had been expected, we saw some moderation, as rising airline costs are reducing the stimulus from lower airfares.”
He noted jet fuel prices in particular are expected to be up nearly 26 percent this year compared to 2017 but, nevertheless, the record load factor for May signified strong demand for air connectivity.
The month of May closed on a positive note for Brussels South Charleroi Airport with 748,876 passengers crossing the tarmac, seven percent more than in May 2017.
Canadian low-cost carrier WestJet announced May traffic results with a load factor of 82.2 percent, an increase of 1.6 percent year-over-year.
International Air Transport Association (IATA) revealed that in May, global revenue passenger kilometres rose 7.7 percent over the same month in 2016, which although slower than the 10.9 percent increase observed in April, it is ahead of the five- and 10-year average growth rates.
In May, 619,630 passengers passed through Queen Alia International Airport (QAIA), a year-on-year drop of 1.9 percent, while aircraft movements (ACM) rose one percent to 6,268.
In May, Vietjet maintained its high load factor of over 88 percent, carrying more than 1.5 million passengers and achieving revenue of VND8.35 trillion (USD3.6 billion), a rise of 44 percent compared to the same month in 2016.
According to STR, hoteliers in the Middle East reported a 5.9 percent year-on-year fall in occupancy in May to 64.4 percent, along with a 2.5 percent drop in average daily rate (ADR) to USD159.47 and an 8.2 percent plummet in RevPAR to USD96.88.
As revealed by STR’s preliminary data, hoteliers in Hong Kong recorded strong performance in May driven by a 4.8 percent year-on-year boost in demand thanks to a number of international conferences and events including Hofex, among others.
According to STR, the US hotel industry reported a one percent year-on-year decrease in occupancy to 63.9 percent during the week May 28 – June 03.
STR’s May 2017 Pipeline Report revealed that 159,711 keys in 581 hotel projects were under contract in the Middle East, a 3.8 percent year-on-year increase in the number of rooms in the construction or planning stages.