Also in this playlist...
This transcript is automatically generated
Diane you know that the consumer -- that was bad in the higher default rates on -- was bad.
But otherwise you look at the expectations for the economic data coming out today and it seems to be a little optimism -- there -- despite the fear in the market.
There are good number of climbs that are expected today that is usually have to see if they come in as expected because you know yes and you don't want to commit to be better than expected too much better because then.
We'll be afraid that the Fed's -- -- be easing sooner and then the stocks will fall -- this strange environment -- we're good news and bad news bad news can be good news any kind of wanted to -- -- We're in the middle yes it's that cold cold -- thing and you know that this past Friday marked the official start of summer which means it could be timed it take a look at.
Take a break from the office -- maybe take some rest and relaxation but are -- folks.
They're they can be willing to actually spend to go have fun in the sun -- -- are very givens.
Despite the -- you -- People are taking vacations -- I was going on out there you look at those surveys on -- All the different numbers mean some some of them say 75% of -- thank -- -- agent 85% -- -- -- -- -- compare with what usually I mean it's usually around -- but this year it's a little bit higher I think people are feeling confident -- secure enough to actually get away the luxury travel market is doing very well that's rebounding nicely because.
Home prices -- -- the -- -- people are feeling good confident enough to actually go away.
The rest of summer travel is relatively flat because you still have people who are suffering from stagnant wages -- to keep going up and that type of thing but we are going away despite.
The bigger economic picture people want to get the heck out here and have a little bit of fun.
You almost wonder if that's it's -- for -- swindler at some points and things are feeling better you go on vacation and other points -- things have been -- horrible you don't want vacationed -- -- Right away from -- it's like a shopping phenomenon -- died at top left out go shopping and tell us about those travel the biggest -- Oh yes.
Right so wealthy individuals speaking about the -- market they are feeling comfortable enough secure enough to actually take these big a luxurious excursions the way they sort of used to it so.
They're doing the customized tours are doing safaris.
They are going to exotic locations they want to experience things and feel like a local so they're doing all sorts of interest -- things taking the kids learning something and they're taking a longer track.
You know maybe you don't two weeks as opposed to -- so they feel secure have to actually go ahead and do that.
Moved you know I think kids Disney World has been doing good -- and -- well even during the recession.
But end up having to rely a lot on foreign visitors coming -- right or instead of Americans and looks like -- component of American visitors started go up even -- -- That's right in Florida section one of the top destinations.
It yet again this summer a lot of people flocked to our Florida you get the best deals in Florida.
New York is also very popular Las Vegas is popular but we nursing a trend of people doing sort of the planning to hold doing yourself trips rather than do a package deal.
Or hotel package that type -- thing they're sort of doing it.
Their booking their accommodations through you know vacation rental by owner that's -- air -- of some of these other ones.
These types of alternative.
Accommodation -- are really growing in popularity online thing is a lot of -- -- -- you want to easily -- very easy to do and you can see how differently out piece it together and all the crushing the travel agent business also what are the longer they can -- I think that this is an interesting trend too so.
I'm 66% according to one survey say they plan to take a vacation and one week or longer 26%.
Said they plan to take a week.
A vacation of two weeks or longer these numbers are out -- from last year and as a shift for the American workers because.
You know a lot of the time we leave these vacation days on the table we don't use them up so this is kind of again a positive thing that people are actually feeling good enough to go away.
You -- have a nice.
Bouncing our or are you one week taker -- I used to take two weeks I feel when I was probably tell -- too -- By the second -- you finally relax you but now you don't dare take two weeks when your television developments replacing it may well they don't need to at all.
I'll find someone prettier -- younger.
Everything else that I do.
Two or three days at a time I don't do one weakened down to two weeks I'm -- I get called back to do any -- -- right back in the car driving -- to a three days at a time it'll all work and no play makes -- a dole whatever what I do two consecutive days of paddle -- Dennis I'm very happy.
-- at a -- and paddle boarding on the K okay.
If he also went up pricey hotels want quick answer well how about the -- fact that planes -- a -- that's even more interest thank.
They're going out -- 90% load factors to -- to people 209 million passengers expected to travel between June.
People are traveling a large portion of that -- are going international 27 million passengers so the planes are packed airports are jams.
People are going -- spending about a thousand -- -- for international tickets for 21 on domestic -- Really the bad thing for us -- travelers but I think that's a good sign for the economy and it just seems to fly in the face of all of the nervousness that we're seeing in the markets and all -- Rita -- there yeah.
Yup they're pushing the nervousness mentoring -- aside and actually going ally and one last thing is travel and leading indicator of a rebound or -- -- -- lagging indicator and that's a good question.
All right low public will them look -- that -- -- and -- yeah.
Unidentified fantastic summer dress by the way thank can't get jobs who and we appreciate you being with -- things -- very --
Filter by section