#retail-tourism-downturn

#retail-tourism-downturn

Analysts predict that Disney's parks will remain money-printing machines, with attendance at Disneyland and Disney World expected to rebound after a slight dip last fiscal year.

South Korea has launched a nationwide energy-saving campaign, enforcing an odd-even vehicle restriction system for public-sector cars based on licence plate numbers. Authorities urge voluntary compliance from private vehicle owners.

High energy prices are kryptonite for the housing market. Affordability, especially for those first-time home buyers, is now an elusive dream until oil prices come down and interest rates come down.

"No one gave us any notification. It makes me very angry. They're running around trying to hide things and not telling the full story of how things are going."

An industry-wide survey found that 64% of firms plan to cut jobs, 42% intend to reduce trading hours, and one in seven will be forced to close.

"In 2025, New York City's tourism economy proved resilient despite global challenges, underscoring the enduring appeal of the five boroughs. The international visitor market is crucial to our economy, accounting for 50% of tourism spending."

"It's a brutal job market. To see that 3.1% hiring rate, the lowest since April 2020, underscores how little hiring is going on."

Business Insider reported on Monday that nearly 200 Eddie Bauer locations in the US and Canada are expected to close after the operating entity behind the stores failed to find a buyer during its Chapter 11 restructuring.

'Walmart Worries' just keep multiplying. It's currently close to the highest level ever recorded which was during the Great Financial Crisis of 2008-09.

Within roughly the past six months alone, Swiftly expanded its alcohol rebate programs from about 11,000 stores to more than 33,000 stores in 44 states. Swiftly had built an alcohol cashback product in 2023 but scaled it through the acquisition of alcohol promotions platform BYBE in 2024.

While vacation prices have increased nationwide since 2019, the sharpest spikes have not occurred in the country's most expensive cities. Instead, the steepest growth in costs has taken place across the Mountain West, where demand has surged in midsize cities that once offered affordable alternatives to pricier coastal destinations.

Although De Noire is based in Europe, she believes that economic upheaval in the United States "triggers huge uncertainty" across the pond because of America's global influence. De Noire first noticed a decline in business right after Donald Trump was elected in November 2024, as Americans and the rest of the world anticipated upheaval. "I didn't even bother working South by Southwest because the first Friday night I attempted to work, I walked into a completely empty club and didn't make any money at all,"

According to a court document filed this week with the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, Saks Global has decided to close nine of its luxury department stores. These announced closures come just weeks after the company announced it was shuttering many of its outlet stores, including many Last Call and Saks Off 5th locations.

New data from Bristol-based hospitality recruitment platform Limber shows that average shift hours posted by hospitality businesses in 2025 are down 30% compared with 2022, underlining the depth of pressure facing operators across the industry. According to Limber, average monthly shift hours per business have fallen from 112 hours in 2022 to just 79 hours in 2025, as venues attempt to control costs by running leaner rotas and reducing reliance on flexible labour.