​”Travel Trends Deteriorating” As Consumer Downturn Worsens – Tyler Durden

“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 platforms, and even theme parks are sounding the alarm bells about a consumer downturn. Evidence of a consumer slowdown is widespread.  Goldman’s Peter Callahan commented on this in a note to clients on Sunday, “Travel trends clearly…  — Continue at ZeroHedge News : Read More