It’s no secret that consumers are being a bit less generous with their spending these days. And rightfully so. With inflation spiking to levels not seen since the 1980s and economic pressures persisting, most of their spending has been focused on required items and staples. Discretionary spending has been cut for many families, except in one key category.
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We’re talking about experiences and travel spending.
It turns out many Americans are still opening their wallets to take weekend trips or combining business with leisure. For the travel and lodging industry, this has been a boon for cash flows and profits. With many of the woes from the pandemic now gone, dividends are once again starting to grow in the sector. For investors, the once struggling hotel and lodging industry could finally be a big buy.
