“Travel Trends Deteriorating” As Consumer Downturn Worsens
Consumers are quickly changing their spending habits as the pullback across the leisure and travel industry becomes more pronounced. We first asked this question in early May, “Is Consumer Travel Spending Easing?” – BofA Identifies New Trend As Travel Companies Miss Earnings. With the Biden-Harris economy losing steam, recession risks are mounting as the labor market cools. Airlines, hotels, short-term rental …
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