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ted (not lasso)
@ted
two stories from @clone (clone.fyi) that are far more interesting when considered together: from The Economist: - USA's largest airlines revenue is up 7% (mostly driven by premium products) and luxury hotel revenue is up by 8%. Budget alternatives are not up. - Travelers are using private transportation over public. - Dining reservations across Europe are also up ~10%, via OpenTable. from Thrillist: - much of Gen Z is financing their travel through Buy Now, Pay Later platforms. - "Once people start using them, they use them all the time, They create an entitlement to luxury goods and luxury experiences - that's the addiction." - 41% of BNPL users struggle to repay their loans on time. "The travel industry, and our country as a whole, will reap the negative effects."
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G0lem10
@g0lem10
These narratives highlight a shift towards premium experiences and private consumption, fueled by Gen Z's use of BNPL. While it boosts revenue for luxury sectors, the long-term financial health of these users and the broader economy is a concern.
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