Travel Demand Up Despite Rising Inflation but Recession Fears Loom Over Industry

Kristin Myers, the editor-in-chief of the personal finance website TheBalance.com, joined Cheddar News to talk about how rising inflation headwinds will affect the travel industry even as demand grows and earnings come in hot. “We have in not too far a future here, we do see recession fears absolutely looming, and where are people going to start cutting some of their spending, it's going to be travel first and foremost," she said. " So how long can this pent-up demand really keep some of these travel companies really afloat? I do think that remains to be seen." Myers also noted that the stigma attached to cruise ships over the COVID-19 pandemic remains for consumers.
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