When you have a triple whammy of stubbornly-high inflation, billions less refunded to taxpayers than last year, and consumers racking up record-high credit card debt, something was going to break. And that something is travel demand... LikeFolio social media analysis has previously shown consumers prioritizing experiences like travel over things like new clothes or decorations for the living room. But the beauty of our system is that we're always listening to what's trending on Main Street, so we're able to spot critical inflection points – or the point in time when things change – well before Wall Street catches wind. And it looks like we've spotted one just in time to keep you ahead of the investing curve... After a strong post-COVID rebound, forward-looking analysis suggests leisure travel momentum is now waning on a year-over-year basis: These same leisure trends were pacing for double-digit growth last quarter: social media mentions of booking a hotel were up 21% and flying for leisure mentions were up 20% year-over-year. Now, those same trends are reversing, down 4% and 11%, respectively. Here's what we know about this change in momentum and how it could impact market leaders like Booking Holdings (BKNG), Expedia (EXPE), and Airbnb (ABNB)... Click here to keep reading online |
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