Data from Tourism Economics (on behalf of the US Travel Association, a travel group) shows that the meteoric rise in post-pandemic travel spending that began in 2021 has reached a plateau. In earnings calls this month, top hotel chains such as Hilton and Hyatt reported less demand by leisure travellers for lower-priced brands, while online travel agencies, such as Expedia Group and Booking Holdings, and short-term rental companies such as Airbnb also noted slowdowns.
