Travel Services Pulse: Q3 2024

Sector remains undervalued but may soon succumb to savings loss and lasting inflation

The travel services industry continues to experience dwindling travel demand and a challenging consumer environment. As consumers remain cautious, Consumer Price Index (CPI) growth has eased to 2.5% in August from nearly 3% in earlier months. This economic shift has had an increase impact on personal savings, which have declined from $800 million at the year’s start to $599 million in July 2024. Savings rates have also dropped below 3%, compared to a 4% average in 2023.

Our latest Q3 2024 Travel Services Pulse provides additional analysis of the US travel industry trends, future outlooks, and more.

Download our report now to find this quarter’s top stock picks.