Tuesday, November 30, 2010

Urge to splurge? Perhaps travel...

Interesting article in Nov. 29 issue of Newsweek about Americans spending again... This is a good trend to keep on the radar, as it could positively affect the travel industry in 2011.
  • There’s a rising class divide between savers and spenders. Upper-income confidence is rising fast. Luxury sales have jumped far above their crisis lows, if not yet to their pre-recession levels.
  • "People are job hunting, and they want to look and feel better. I think that after such a long time of cutting back, many people are tired of depriving themselves." - Michael Fiorillo, Park Avenue doctor
  • “I am sure that if I wanted to save I could, but I feel like I am making more money, so let’s have some fun.” - Hope Good, consumer
To view the full article, click here: http://www.newsweek.com/2010/11/29/the-urge-to-splurge-is-creeping-back.html

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