Deloitte: Holiday Travel Demand is Slowing Amid Economic Concerns
According to the 2022 Deloitte Holiday Travel Study, as a worsening economic outlook and concerns over travel disruption loom, travel demand is slowing. Key takeaways from the report include: Inflation will likely curb holiday shopping habits. Holiday spending is flat year-over-year with an average of $1,455 per household, but consumers plan to purchase fewer gifts (nine gifts versus 16 gifts in 2021) for family and friends. As consumers aim to keep the holidays festive, they […]
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