After pandemic ends, hotspots should device something interesting for returning tourists
Published on : Monday, June 6, 2022
For all the global stock market investors, 2022 has been an agonizing year however the last few weeks have been mainly tricky after Wal-Mart, Target, Gap, Dick’s Sporting Goods and several other giant US retailers have cautioned of a major decline in consumer spending.
The justification for the decline is quite straightforward; the last stimulus checks have been used up. Increased oil and food prices, and inflation eating into disposable incomes, denote that when it comes to spending, customers are compelled to make tough choices.
The decline in consumer goods was predictable. Pandemic made everyone homebound and many bought expensive stuffs like the modern gadgets of kitchen, garden equipment along with furniture.
However, a silver lining is slowly coming up from all these as we go through the damages of the last two years. As restrictions all over the world gets easy and there is clear change in consumption from goods to services is indicated as people spend more on eating and travelling. In the last two years, this has been good a news for tourism as the sector was the main loser over the last two years.
An insight was built up during the health crisis, that people were keen on discarding the habits of the past to spend more time indoors and change their lifestyles permanently. Few years later, the habits that remained suspended during lockdown will return.