The Two-Tier Travel Economy Is Here
Delta's CEO said something on an earnings call this week that deserves more attention than it got. American households earning over $100,000 per year have accumulated roughly $30 trillion in new wealth since the pandemic. That's not a typo. Thirty trillion dollars. That number explains a puzzle that's been confusing the travel industry for months. Airlines are reporting record revenue. Hotels are running at high occupancy. Travel spending per household is projected to hit an all-time high of $5
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