Economics

clone.fyi

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."

building farcaster | surfing @ venice, ca | eating @ gjusta / gjelina | “lucky me, lucky mud” 🤠

This is a good thing. Klarna etc can’t be that sustainable rn