Consumer Spending Dynamics

The landscape of consumer spending shows a significant bifurcation, where higher-end consumers continue to spend robustly while lower-end consumers are feeling economic pressures. Notably, lower-end segments reported a decline in revenue growth, contrasting with strong performance in luxury segments across various markets. This trend indicates a shifting consumer behavior, where spending on experiences and travel remains a priority for affluent demographics. The data reflects that while the overall travel industry is thriving, discretionary spending on items such as food and beverage is becoming more cautious among budget-conscious consumers.