2022 DELOITTE HOLIDAY SURVEY has been saved
2022 Deloitte holiday retail survey
Household finances may be at the weakest level in a decade, but spending stays steady as consumers cut non-essentials to give gifts and socialize.
After pulling back last year, low-income shoppers are feeling more confident and plan to spend 25% more this year.
Given the economic environment, consumers plan to buy fewer gifts, reducing the shopping duration to 5.8 weeks vs. 6.4 weeks.
Inflation and stockout concerns prompt shoppers to get a jump on the holiday shopping season—23% of budgets will likely be spent by the end of October.
2022 Deloitte holiday travel survey
Financial considerations are this season’s biggest drag on travel demand, and one in five Americans staying home cite worries about travel disruption.
Once again, the busiest days will likely come at the start of the holiday travel season, as 15% of Americans plan to travel Thanksgiving weekend.
With fewer Americans traveling, demand will be weaker across most travel segments, but hotels can expect a bigger hit than airlines.
Older Americans are more likely to cite potential travel disruption and health as reasons to avoid travel.
Deloitte’s Mike Daher and Nick Handrinos tell host Tanya Ott how the retail and travel industry can sooth consumers’ nerves this holiday season.
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