Travel Industry a Beneficiary of ‘Seismic’ Shift in Consumer Spending
Dennis Schaal, Skift
There are innumerable factors that impact the health of the travel industry but the latest U.S. government numbers on retail spending lead to the conclusion that consumer spending habits are changing. There is a shift in emphasis from purchasing consumer goods toward buying services such as travel. That's a classic tailwind and a very healthy trend indeed for the gamut of leisure-travel businesses.
11 months ago