Recent analyses from Mastercard and Bank of America found that while travel remains strong, the post-pandemic pent-up surge in demand for travel could be subsiding, PhocusWire reports.
Travel categories that recovered more quickly, such as lodging and domestic travel, have started to see spending moderate. On the other hand, cruises and international travel, two areas that recovered much later, are ‘still running hot.’
Discretionary spending also remains strong, but employment levels could be a determinant of whether strong travel withstands an economic downturn.
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