Skift

Episode Notes July’s weaker-than-expected job growth sparked a selloff in global financial markets and raised concerns about a recession. Editor-in-Chief Sarah Kopit explains the impact on the travel industry.  In the airline sector, Delta and United have gotten a boost from the rise in premium long-haul demand fueled by travelers more willing to spend freely. As of the second quarter, that support was still there. But if there is a recession, it could benefit low-cost carriers since they do well when budgets are tight. Kopit reports early signals from hotel earnings suggest signs of a second-half slowdown, adding the picture will be clearer when IHG, Hyatt and Hilton, among other companies, report this week. However, cruise executives said they haven’t seen any slowdown in bookings and guest spending. “Overall, the short answer is no cracks, no deterioration,” said the chief financial officer of Norwegian Cruise Line.  Next, software company CrowdStrike said it didn’t cause the Delta Air Lines meltdown that