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airlines, hotels and cruises reporting double-digit growth and travellers using their savings, taking on debt or even selling their homes to splurge on bucket list adventures or multiple trips. Now, at least for some travellers, that furious vacation spending is slowing down. While high-income travellers are still booking luxury experiences and jet-setting abroad, other consumers have been cutting back on travel spending to meet the high cost of living. Data from Tourism Economics (on behalf of the US Travel Association, a travel group) shows that the meteoric rise in post-pandemic travel spending that began in 2021 has reached a plateau. In earnings calls this month, top hotel chains such as Hilton and Hyatt reported less demand by leisure travellers for lower-priced brands, while online travel agencies, such as Expedia Group and Booking Holdings, and short-term rental companies such as Airbnb also noted slowdowns.

Subscribe to enjoy similar stories. For marketers exploring AI search, this year’s Black Friday weekend delivered both a moment of clarity and a series of questions. The websites of 20 large retailers from Best Buy to Etsy averaged 183,000 daily visits from people sent by ChatGPT and other large language models, according to marketing software firm Semrush.

Subscribe to enjoy similar stories. Sitting on credit-card points? A new breed of travel search engine can help you convert them to a vacation. There are over a dozen websites that show award redemption rates across airlines.

Check out the companies making headlines in extended trading:

Barry Diller has a memoir coming out next spring, covering a life that could fill multiple volumes

Domestic markets clocked losses for a second consecutive week following weak global cues. On Monday, markets will react to the latest allegations of Hindenburg, which dragged Sebi chief Buch into the Adani saga. «Going forward, we expect markets to consolidate at higher levels due to mixed global cues and absence of any major domestic triggers,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal

Stocks that traded heavily or had substantial price changes on Friday: Trade Desk, Expedia rise; Capri Holdings, Five9 fall

Stocks are closing a wild, whipsaw week for Wall Street with modest gains

Thousands of Taylor Swift fans are following her across the pond after missing out on her U.S. concert tour last year or being put off by marked-up ticket prices

Stocks that traded heavily or had substantial price changes Friday: Apple, Amgen rise; Expedia, Fortinet fall

Also Read: Expedia to cut about 1,500 jobs as travel demand moderates Vrbo was seeing a slower rebound than the company's expectations following a restructuring aimed at allowing customers to book across brands under one platform. The company, which also owns Hotels.com, projected full-year revenue growth in the mid-to-high-single digit percentage range, down from a prior forecast of double-digit growth, according to a report by Bloomberg.

Expedia said on Monday it was cutting about 1,500 jobs globally, or about 9% of its total workforce, as part of its «organizational and technological transformation». The restructuring comes after Expedia warned earlier this month that revenue would moderate in 2024 as air ticket prices drop and said CEO Peter Kern was stepping down.

Zuma Global President Heather Zumarraga reacts to a recent report revealing that tech companies have cut 32,500 jobs in 2024 on ‘The Big Money Show.’ 

Anand Mahindra recently met Uber CEO Dara Khosrowshahi during the latter's visit to India. Mahindra shared his thoughts on their meeting on X (formerly Twitter), recalling their initial encounter at Davos a few years ago. At that time, Mahindra said he had harbored doubts about Khosrowshahi's tenure at Uber and the company's longevity. Reflecting on their conversation, Mahindra stated, «I must confess that I wondered how long he would stay at the company & indeed, how long Uber would survive.» However, Mahindra acknowledged the significant transformation that Khosrowshahi has led within Uber since then. He commended Khosrowshahi for steering the company towards profitability and cultivating a corporate culture focused on discipline and efficiency. Mahindra noted that Uber's market capitalization has soared to around $170 billion, illustrating the success of Khosrowshahi's leadership. Mahindra expressed his pleasure at reconnecting with Khosrowshahi, whom he described as having the «Midas Touch.» In response to Mahindra's post, Khosrowshahi expressed his appreciation for the opportunity to meet Mahindra again. He praised Mahindra's leadership style, emphasizing the importance of values and purpose in driving success. Khosrowshahi attributed the accomplishments to the entire team at Uber, highlighting their collective effort in achieving milestones.

Stocks that are trading heavily or have substantial price changes on Friday: Masonite, Central Garden rise; Pinterest, Expedia fall

With Wall Street closing the curtains on a remarkable year, the five stocks discussed in this article have experienced a strong surge in their value as investors turned bullish on their prospects.

As we near the conclusion of 2023, it's worth noting that December 21 has historically been a bullish day for the past 35 years, showcasing the highest daily gains across all major US indexes. The average rise on this day is as follows:

Antoni Porowski shared his thoughts on Taylor Swift and Travis Kelce's budding romance, reported People. «I couldn't be happier,» the Queer Eye cast member told People at an Expedia Group's Unpack '24: The Trends in Travel Dinner.

Travel was expensive and busy in 2023, leading jetsetters to seek out cheaper, less-trodden alternatives to popular hot spots. It's a great way to save money on trips heading into 2024, according to experts.

Wall Street steamrolled even higher to add more gains to its best week in nearly a year