🔶 More Signs of Weakening Consumer Spending:
- US travel spending dipped by 1.1% YoY through mid-August, says Bank of America. 📉✈️
- Travel spending per household has been lagging behind total spending all year. 🏠💸
- Record-high debt and rising prices are pulling back US consumers' travel demand. 📊📉
- Visits to Airlines, Cruise Lines, and Accommodation websites are down ~5% YoY. 🛳️🏨
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Travel demand is slowing. ⏬
