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[ Sun, May 11th 2025 ]: Forbes
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[ Sun, May 11th 2025 ]: yahoo.com
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[ Sun, May 11th 2025 ]: Fortune
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[ Sun, May 11th 2025 ]: U.S. News & World Report
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[ Sun, May 11th 2025 ]: BBC
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[ Sat, May 10th 2025 ]: Fortune
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[ Fri, May 09th 2025 ]: Reuters
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[ Fri, May 09th 2025 ]: Fortune
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Travel Companies Rein in Their Forecasts as US Consumers Cut Spending

US News is a recognized leader in college, grad school, hospital, mutual fund, and car rankings. Track elected officials, research health conditions, and find news you can use in politics, business, health, and education.
Travel companies are adjusting their forecasts downward as U.S. consumers reduce their spending amid economic uncertainty. Major players in the industry, including airlines, hotels, and cruise lines, are reporting weaker-than-expected bookings and revenue, prompting them to lower their full-year guidance. Factors contributing to this trend include persistent inflation, rising interest rates, and a shift in consumer priorities towards essential spending. As a result, companies are implementing cost-cutting measures and reevaluating their growth strategies to navigate the challenging economic environment.

Read the Full U.S. News & World Report Article at:
[ https://money.usnews.com/investing/news/articles/2024-08-08/travel-companies-rein-in-their-forecasts-as-us-consumers-cut-spending ]