Skift

Consumer travel spending is decreasing, particularly among lower-income households, as more money is redirected to essential expenses like rent and utilities, according to Bank of America data. Delta Air Lines is exploring tiered business class options in response to growing demand and rising revenues from premium travelers. Meanwhile, Hyatt is expanding its luxury hotel footprint in the Asia-Pacific region, with plans to open nearly 90 new properties and double its presence in India within five years. Travel Spending Slump: 'Some Households Are Pulling Back Completely' Basic Business? Delta to Consider Creating Different Tiers of Premium Hyatt Bets on Luxury in Asia Pacific With 90 New Hotels Planned Connect with Skift LinkedIn: ⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/company/skift/⁠⁠⁠⁠⁠⁠⁠⁠ WhatsApp: ⁠⁠⁠⁠⁠⁠⁠⁠https://whatsapp.com/channel/0029VaAL375LikgIXmNPYQ0L/⁠⁠⁠⁠⁠⁠⁠⁠ Facebook: ⁠⁠⁠⁠⁠⁠⁠⁠https://facebook.com/skiftnews⁠⁠⁠⁠⁠⁠⁠⁠ Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠https://www.instagram.com/skiftnews/⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠