Many richer consumers are feeling good this year as a strong stock market and rising home values boost their wealth, likely to have more wiggle room in their budgets. Poorer families have had less room to maneuver, under stress with rising prices.
Surveys show that richer households are more optimistic about their ability to take trips, using full-service hotels. Budget hotel chains are expected to report a pullback, reflecting different financial situations among income groups.
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