Holidays sales are defying the biggest dip in consumer confidence for four years, although the outlook follows the first drop in consumer spending on travel since spring 2021.
(Credit: iStock / Cecille_Arcurs)
New data from Deloitte reveals long holidays (+3.2 percentage points) and short holidays (+2ppts) were the only two categories of leisure spending to attract a meaningful increase in consumer spending during the first quarter of the year.
However, when asked about their spending intentions for the next three months, the 3,200 respondents to Deloitte's latest consumer tracker said they would prioritise spending on other leisure activities like eating and drinking out.
Get unlimited access to the latest travel industry news and analysis, comment on articles and sign up to newsletters.
Register for free
Already registered? Login here or below.
Having difficulty logging in? Try these tips, or contact support@ttgmedia.com
