The airlines are on sale, two great hotel chains are available on the cheap, and the company that wiped out most travel agencies around the world is on a tear.
Abandon fear that U.S. consumers will let the industry down, even though consumer spending numbers are weak and growth appears to be tepid.
Notice that key word: appears.
Traditional analysts use traditional metrics to see how weak or strong spending is or will be. What they are missing—and hopefully will continue to miss—is that spending patterns have changed.
Millennials and Boomers now dominate spending, and often prefer to spend their money on food and drink, celebration, lifestyle clothing and—you guessed it—travel.
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