Reported 6 months ago
Millions of Americans are expected to splurge on travel this summer as Memorial Day weekend kicks off a season of strong consumer spending on travel and leisure activities. With record-breaking airport traffic and high numbers of people hitting the road, analysts project a lucrative summer for businesses like Royal Caribbean, hotels, restaurants, and theme parks. Despite concerns about rising household debt and inflation, experts foresee a solid summer for leisure spending based on trends in card data and consumer surveys, with Bank of America's analysis suggesting a positive outlook for leisure spending this season.
Source: YAHOO