Households Traveling Abroad Jump Nearly 30% Since 2019: What It Means For Airline, Foreign Luxury Stocks
Households Traveling Abroad Jump Nearly 30% Since 2019: What It Means For Airline, Foreign Luxury Stocks
Travel, especially abroad, has historically been a luxury for most Americans. Despite a tightening labor market and uncertain economic conditions, the number of households traveling abroad has soared nearly 30% as households build wealth.
历史上，尤其是国外旅行对大多数美国人来说一直是一种奢侈品。尽管劳动力市场趋紧，经济形势不明朗，但出国旅游的家庭数量已经增长了近30％，因为这些家庭积累了财富。
The number predictably fell in 2020 and 2021 during the COVID-19 pandemic but has increased in each of the past three years.
预计在COVID-19大流行期间的2020年和2021年，该数字下降，但在过去的三年中每年都有所增加。
The Data: A post on X relayed data from Bank of America.
数据来源于美国银行的一篇帖子。
The number of households travelling abroad has increased in the past two years, and, as of June, is nearly 30% higher than 2019 levels pic.twitter.com/zhhq8DeQRo
— Mike Zaccardi, CFA, CMT (@MikeZaccardi) July 11, 2024
出国旅游的家庭数量在过去的两年中增加了，并且截至6月份，比2019年的水平高近30％。pic.twitter.com/zhhq8DeQRo
——Mike Zaccardi，CFA，CMt（@MikeZaccardi）2024年7月11日
Meanwhile, spending on luxuries abroad has seen similar increases since 2019, according to Bank of America.
与此同时，根据美国银行的数据，海外奢侈品的支出也已经看到类似的增长，自2019年以来。
Why It's Important: Amid a period of inflation, households have become price-sensitive in some areas and willing to spend in others. Consumers have gravitated toward luxury or bargains, with less spending on items or experiences in between.
为什么重要：在通货膨胀期间，家庭已在某些领域变得更加注重价格，并愿意在其他领域进行支出。消费者倾向于奢侈品或廉价商品，同时在中间的物品或经历上的支出较少。
Meanwhile, flying is as popular as ever. More than 3 million passengers were screened at U.S. TSA checkpoints on Sunday, July 7, a new record.
与此同时，乘机旅行和以往一样受欢迎。 7月7日星期日，美国的TSA检查站出现了超过300万名旅客，创下了新纪录。
Market Implications: Long-term changes in consumer behavior stand to impact companies in various industries, most notably airlines and luxury goods.
消费者行为的长期变化将影响各个行业的公司，尤其是航空公司和奢侈品。
Airlines have struggled since the pandemic, not so much with filling seats but with margin contraction and declining profitability. Delta Air Lines, Inc. (NYSE:DAL) shares sunk on Thursday after beating revenue estimates but missing on earnings.
自大流行病以来，航空公司一直面临困境，不是因为无法填满座位，而是因为利润率下降和盈利能力下降。Delta Air Lines, Inc.（NYSE:DAL）股价周四下跌，尽管打破了收入预期，但错过了盈利预期。
Delta's luxury status seems to have insulated it better from industry trends better than competitors United Airlines Holdings Inc (NASDAQ:UAL) and American Airlines Group Inc (NASDAQ:AAL).
与竞争对手联合航空控股有限公司（NASDAQ:UAL）和美国航空集团公司（NASDAQ:AAL）相比，Delta航空的奢华地位似乎更能抵御行业趋势。
Online travel agency Booking Holdings Inc (NASDAQ:BKNG) is a stand-out name for its stock performance — up more than 100% — since 2019.
在线旅行社Booking Holdings Inc（NASDAQ:BKNG）以其股票表现脱颖而出，自2019年以来上涨了超过100％。
LVMH Moët Hennessy Louis Vuitton (OTC:LVMUY) and Hermes Intl S A Unsponsored France ADR (OTC:HESAY) have benefited from increases in American travel to Europe. Ralph Lauren Corp (NYSE:RL) has been a standout performer in 2024, up over 25%.
LVMH莫埃斯·亨尼斯路易威登（OTC：LVMUY）和爱马仕国际S A Unsponsored France ADR（OTC：HESAY）受益于美国旅行欧洲的增加。 Ralph Lauren Corp（NYSE：RL）在2024年是表现突出的股票之一，上涨超过25％。
Also Read:
还阅读：
- Inflation Slows More Expected To 3% In June, Heightens Expectations For Rate Cuts: Treasury Yields Tumble
- 通胀率下降，预计在6月降低到3％，增强了降息的预期：国债收益率下跌
Photo: Shutterstock
Photo: shutterstock