Skift

Episode Notes Concerns have grown in recent weeks about how a potential recession could impact travel. But while the travel industry isn’t recession-proof, it could be recession-resistant, reports Senior Research Analyst Pranavi Agarwal. There are signs of weakness. The Skift Travel 200 Stock Index is up only 3% since the start of the year, and travel executives have noted of a slowdown in demand on recent earnings calls.  But Agarwal writes travel today could be a little more insulated than it has been in the past. Spending on travel is still discretionary, but it is more important to consumers than ever before. She cites travel’s emergence as a more fundamental need coming out of the pandemic as one reason the industry is recession-resistant.     Next, the U.S. hotel industry is bracing for widespread work stoppages as 40,000 hotel workers have contracts that have expired or will expire by year’s end, writes Senior Hospitality Editor Sean O’Neill.  More than 1,500 San Francisco hotel workers went on strike