OOTO - Vacation Plans Shrink With Consumer Confidence

2025-05-23 10:04:00 ET

Summary

• According to the University of Michigan’s preliminary May survey, the U.S. Consumer Sentiment Index fell to 50.8, down from 52.2 in April.
• Travel is a discretionary expense that reflects consumer sentiment. When people are less confident about their financial prospects, they are less likely to plan vacations or leisure trips.
• Americans cite economic concerns and stock market weakness as reasons to cut back on summer vacation plans; many are swapping air travel and extravagant holidays for road trips and shorter vacations.

According to the University of Michigan’s preliminary May survey, the U.S. Consumer Sentiment Index fell to 50.8 , down from 52.2 in April. This marked the second-lowest reading in the survey’s nearly 75-year history, surpassed only by June 2022....

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