The furious vacation spending observed post-pandemic is beginning to slow, impacting demand for both leisure travel and budget-friendly options among average consumers.
Hotel chains like Hilton and Hyatt have noted a decrease in demand for their lower-priced brands, suggesting a shift in consumer travel priorities post-pandemic.
High-income travelers continue to book luxury experiences, revealing a divide in travel spending as some cut back to accommodate rising living costs.
The current softening in travel demand offers travelers opportunities for bargains, like reduced airfare and hotel perks, particularly as the fall season approaches.
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