While China’s domestic air travel market is experiencing a strong recovery, international travel reportedly still faces challenges. Factors such as economic conditions, ticket prices and visa issues contribute to the limited appetite for international travel, Bloomberg reported Thursday (Dec. 28). China’s international recovery has been slower than...
Chinese consumers are reportedly feeling the effects of the country’s economic downturn. This downturn, characterized by declining exports, a slowdown in manufacturing and a property slump, is impacting even members of the middle to upper class, who are known as a consumer powerhouse and targeted...
Gen Z, born in the late 1990s, is considered the first digitally native generation, with a greater inclination toward online shopping and digital activities and an adopter of social media for shopping and browsing brands. Growing up during economic uncertainty, Gen Z is often more...
Consumer confidence surged in December, reaching a level last seen in July. There was greater optimism in consumers’ assessments of both current business and labor market conditions and those they expect to see six months from now, The Conference Board said in a Wednesday (Dec. 20) press release. ...
While many consumers use websites and apps to find restaurants when they are traveling, PYMNTS Intelligence found that lower-income consumers tend to hold off. By the Numbers Last month’s installment of the PYMNTS Intelligence Connected Dining series, “Tracking the Impact of Digital Tools on Food...
Chinese tourists are traveling again, but reportedly aren’t spending like they did before the pandemic. There was a time when the retail world catered to travelers from China, The Wall Street Journal (WSJ) reported Sunday (Dec. 17), using the example of department stores in Paris...
While many consumers are looking for ways to pinch pennies amid ongoing financial challenges, PYMNTS Intelligence found that diners are more likely to pay full price at restaurants while they are traveling. By the Numbers The November installment of the PYMNTS Intelligence Connected Dining series...
With consumers getting pre-portioned ingredients from online subscriptions, PYMNTS Intelligence reveals, many are spending less time shopping for groceries in stores. By the Numbers The report “The Replenish Economy: A Household Supply Deep Dive,” a PYMNTS Intelligence and sticky.io collaboration, draws from a survey of...
Before the start of the holiday shopping season, market research data suggested there would be generalized cost cutting across all spending categories and demographic groups. Consumers were expected to be stretching their budgets, but despite widespread inflation, Black Friday saw a spending surge. Now, data...