Reported 5 months ago
The article discusses the consumer sentiment towards summer travel in 2024, highlighting insights from experts in the industry. Priceline CEO Brett Keller mentions that despite pullbacks in some areas, travel remains a priority for consumers with airline ticket prices down year over year. Gen Z and millennials are increasingly using alternate payment methods for travel purchases. In the hotel industry, slow capacity growth has allowed hotels to maintain higher prices. Overall, consumer demand for travel is holding up, driven by affordable airline tickets and evolving payment methods among younger generations.
Source: YAHOO