Goldman Reminds Clients Where Travel & Leisure Cracked First Ahead Of 2008 Crisis Goldman analysts led by Lizzie Dove examined how different segments within travel and leisure reacted to, and ultimately recovered from, the 2008-09 recession. Her analysis offers a valuable framework for identifying where consumer stress tends to appear first inside the travel space and whether today’s warning signs in a K-shaped, bifurcated consumer landscape warrant closer scrutiny. Buried in the middle of Dove’s note on the cruise industry is an infographic showing that the downturn in the cruise industry tends to be late-cycle, whereas pullbacks in gambling, airlines, and hotels typically… — Continue at ZeroHedge News : Read More
