US vacationers are pulling back
The travel industry is warning that U.S. consumers are pulling back on their excursions.
"The desire to travel is ingrained in humans, but financially there are signs that the consumer might not be able to endure the amount of travel they would like," Morningstar equity analyst Dan Wasiolek told FOX Business.
Earlier this month, Hilton CEO Chris Nassetta told analysts during an earnings call that the money consumers saved up during the COVID-19 pandemic had been depleted.
"They've spent all that money.
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