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re: Too many people are traveling, and it is ruining travel.
Posted on 10/28/23 at 4:10 pm to Slippy
Posted on 10/28/23 at 4:10 pm to Slippy
IMHO…. We’re only a year away from this no longer being an issue. The data is pretty clear that many of those traveling are going into significant credit card debt to do so. Even the airlines are expecting serious pullback which is why we’re seeing travel deals popping up left and right. They know the gig is about to be up.
1
Posted on 11/9/23 at 8:28 am to wiltznucs
quote:
MHO…. We’re only a year away from this no longer being an issue. The data is pretty clear that many of those traveling are going into significant credit card debt to do so. Even the airlines are expecting serious pullback which is why we’re seeing travel deals popping up left and right. They know the gig is about to be up
In 2023 international travel completely dominated the travel market. The discounts you are seeing in the last quarter of 2023 are for domestic travel. Many big companies are trying to balance their domestic side of the ledger and they are using incentives to do it.
The idea that the consumer is running out of money is more of a political narrative than an economic reality. Banks are still saying that the average balance is higher than it was in 2019.
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