This year has been a great one for many travel companies as Americans, free from the confines of Covid-19 restrictions, splurged on vacations. The question now is whether that momentum will continue or get derailed by a possible recession next year. Throughout 2022, consumers prioritized travel even if it meant cutting back in other areas. But if a downturn causes people to cut back even more on spending, travel could be on the chopping block. The U.S.
'Lean and mean' online travel companies While some brace for a slowdown in travel demand, Evercore ISI analyst Mark Mahaney said the online travel companies have already cut costs and have "lean and mean cost structures" going into 2023. One of his top picks is Booking Holdings, which has a battle-tested management team that has already navigated through 9/11, the 2008 financial crisis and Covid, he recently told CNBC's " Closing Bell .
Boycott Tesla
Which stocks?
So Biden is creating a weak economy?
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Receding share buybacks imperil ‘pillar of support’ for U.S. stock market in 2023Stock buybacks may be peaking, removing ‘a potential pillar of support’ for earnings per share in 2023, according to RBC Capital Markets. They weren't pillars of support. They were devices used to inflate bubbles and pay C-suite executives their ill gotten gains. But I understand that you are paid to promote that. It's your job.
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Millionaires predict gloomy US stock market will get much worse in 2023Bearish sentiment has hit its highest level since the Great Recession, according to a CNBC survey. LetsGoBrandon. Probably will get worse until a Republican is back in office This was 100% preventable.
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