Reported 1 day ago
Airlines are not the only ones experiencing a sluggish beginning to 2025, as the lodging and tourism sectors are also underperforming. A Bank of America report attributes this trend to poor winter weather, a late Easter, and declining consumer confidence, noting that spending on lodging is down 2.5% from 2024 levels. Despite the slower pace, travel-related spending abroad increased by 2.6% in early 2025, indicating that some travelers are opting for international destinations.
Source: YAHOO