In recent earnings reports, Expedia Group (EXPE) CEO Ariane Gorin highlighted a trend of diminishing travel demand, signaling potential softening in the sector. This comes as Disney (DIS) CFO Hugh Johnston noted on Yahoo Finance that consumers are increasingly “watching their pennies,” reflecting broader financial pressures affecting Disney’s theme park business.
Bloomberg Intelligence senior credit analyst Jody Lurie shared insights with Asking for a Trend’s Josh Lipton, revealing that despite a general pullback in consumer spending on goods, travel remains a priority. “Our recent survey surprised us by showing that consumers are still committed to spending on travel and leisure,” Lurie noted. “They are demonstrating selectivity, prioritizing experiences over other expenditures.”
Lurie further explored how consumers are focusing their spending on travel and leisure, despite a slowdown in Chinese consumer activity. She discussed the emerging trends impacting major hotel chains and cruise line operators, highlighting the evolving landscape of consumer preferences in the travel sector.
Related topics:
Why Paris Is The Most Visited City In The World
