New York CNN —
CEOs of many of the biggest hotel and travel companies are coming off a bit like doomsayers these days with their warnings about the declining health of consumers and their waning appetite for traveling.
It’s getting a lot of attention after last month’s unexpectedly weak jobs report, which brought the US unemployment rate to the highest level since the fall of 2021. That’s put more people on high alert for signs of a recession. And typically, when there is one, travel is the first shoe to drop as people put off vacations to prioritize
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