Bloomberg Intelligence BI Weekend: Oracle's Money Making Moves, America's Hot Garbage Problem
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Jul 4, 2025 Join Jody Lurie, a Bloomberg Intelligence Credit Analyst, as she provides keen insights on the midyear outlook for the travel and leisure industry. Discover how summer travel patterns are reshaping consumer behaviors amidst economic challenges. The discussion also highlights the resilience of theme parks versus cruises, alongside the potential impacts of Apple's Formula One film on media rights. Jody dives into Oracle's impressive $30 billion cloud deal, underscoring its significance in the tech landscape.
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Consumers Adjust Travel Choices
- Consumers are maintaining travel plans but may choose cheaper destinations to save costs.
- Travel spending is seen as a way to escape current economic and geopolitical stresses.
Shifts in Travel Modes
- Airline travel is sluggish and rental car demand has weakened, while hotel prices remain high.
- Consumers may be substituting domestic travel modes instead of flying due to price and comfort concerns.
Theme Parks Face Destination Competition
- Theme parks remain popular but regional parks face competition from destination vacations.
- Expansion and new openings by competitors influence attendance and market dynamics.