Consumers shift to spending on experiences over material goods

Consumers Favor Experiences Over Goods

David Katz, Managing Director at Jefferies, reports that consumers are increasingly spending on experiences rather than material goods. This trend highlights a shift in consumer behavior, prioritizing travel and leisure activities.

Cruise Lines on the Rise

Katz notes that cruise lines are capturing market share as a cost-effective alternative to hotels and flights. The cruise industry is expected to continue growing through 2026, reflecting heightened demand in travel experiences.