No Data
No Data
Booking CFO Says Inflation Impact Still Curbing US Travel Demand
Travel Is Finally Back — and an Era of Huge Growth Is Upon Us
Trouble arises during the Labor Day holiday in the USA: Tens of thousands of hotel employees go on a large-scale strike.
On Sunday, local time, thousands of hotel workers from 25 hotels in eight cities across the United States went on strike, demanding higher wages, improved working conditions, and the reversal of layoffs during the previous epidemic period. Typically, the Labor Day holiday in the United States is a peak travel period for Americans. The U.S. Transportation Security Administration expects a record-breaking 17 million people to travel during this year's Labor Day holiday.
Hotel Market Is Growing at a CAGR of 9.58 % From 2024 to 2030 by Exactitude Consultancy
Hit by high inflation and interest rate hikes, US consumer confidence fell to a four-month low
The consumer confidence index fell to 100.2 in November from 102.2 after the October revision.
When will the inflationary pressure begin? The spending power of American households remains strong, and they still have excess savings of 1.7 trillion dollars
Although inflation remains high and there are fears that the US is about to fall into recession, consumers are still financially resilient.
No Data