Yahoo Finance Video
Going anywhere this summer? A Hopper survey shows over 86% of Americans plan on traveling this summer. With inflation still permeating through most sectors, affecting consumer prices, will there be a shift in how Americans book their vacations and travel this summer? Priceline CEO Brett Keller joins Catalysts to give insight into the busy travel season and notable areas of consumer travel spending, such as airfare prices. Priceline.com is a subsidiary of Booking Holdings (BKNG). When asked about the current interest rate environment affecting consumer spending, Keller states: "Travel has historically been a highly prioritized part of the consumer's budget. And so we continue to see that now, even though where some commodities and other hard goods people have pulled back their travel still seems to be healthy, and moving forward, I think what will happen is you'll see suppliers start to really pull their prices back, which will open up more travel opportunities, more deals for consumers." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
