The Wall Street Journal [Microsoft Start]
Allison Pohle / Margot Amouyal
13 August 2024
Signs of a slowdown are surfacing across the travel economy.
On recent earnings calls, hotel and travel company executives have pointed to lethargic domestic leisure demand from U.S. consumers. The word “softness” came up 16 times combined on the calls of Expedia, Marriott, Airbnb and Hilton.
If they’re not scrapping a trip, many vacationers say they are trading down to cheaper accommodations. While higher income travelers still plan to jet abroad, others are cutting back to be more thoughtful about spending.
Travelers say they are giving priority to overall value and becoming more discerning with their bookings.
