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https://warpcast.com/~/channel/clonefyi
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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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Pichi
@pichi
The BNPL companies are screwed. So many people do not pay these back!
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Trejo
@trej
Is that true? People don’t pay those back seems like an odd move since you can’t do it more than once if you don’t pay it back.
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Pichi
@pichi
Same way they jump from credit card to credit card.
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Trejo
@trej
Isn’t there only like 6 BNPL companies? Or am I way out of the loop on this?
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Pichi
@pichi
6 is a lot when you could make a few large purchases on each one. They have terrible pay back rates these days and it’s hard to sus out because they are mostly still private and keep the numbers close.
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