eli5: How markets are still going up but luxury markets, (like travel) seem to be down in the US.

Question

eli5: How markets are still going up but luxury markets, (like travel) seem to be down in the US.

In: Economics

Answer 1

Travel is interesting because obviously it cratered during Covid, but then it spiked after most places dropped any special testing and Covid-related entry requirements from all of the pent up demand.

Now it’s returning back to normal, but increased costs of living are probably depressing it a bit. It’s just hard to tell where normal is because it’s been a bust-boom cycle over the past five years