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This travel boom goes beyond Beyonce

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Sun, Feb 19, 2023 01:04 PM

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For the BeyHive — superstar Beyonce’s most hardcore fans — nabbing tickets to their i

For the BeyHive — superstar Beyonce’s most hardcore fans — nabbing tickets to their idol’s just-announced “Renaissance” world tour was one t [Bloomberg]( Follow Us [Get the newsletter]( For the BeyHive — superstar Beyonce’s most hardcore fans — nabbing tickets to their idol’s just-announced “Renaissance” world tour was one thing. But finding out where was another altogether. Fans are willing to buy a ticket at any price, and [apparently any location](. We didn’t need Beyonce to tell us that people have been scratching the travel itch. With summer coming up, bookings for flights and accommodations have been on the rise. “Americans’ excitement about getting away is the highest it’s been for three years,” writes Andrea Felsted — and they aren’t being deterred by [soaring travel prices]( or inflationary pressures. Travelers beyond the US are just as eager to book hotels and hit up restaurants in far-off locales. Prices, it seems, are rising in tandem with demand as travel (i.e. “we are soooo done with Covid”) becomes a priority. And, somehow, those how-much-am-I-paying-a-night?! prices for hotels and short-term rentals have been great for … Airbnb, which has made a remarkable post-pandemic turnaround. The once-beleaguered vacation rental company reported its [first full year of profitability]( while other tech companies have been slashing workforces, Chris Bryant writes. Not everyone is going as far away as possible — stays are often much shorter, in closer-to-home places, in order to spend the money they have under some bleak economic clouds. That’s good for the aviation sector as a whole, Javier Blas writes, though [not great for the oil sector](: Shorter flights are less fuel-intensive. Uncertainty — in the form of wars, fears China’s comeback will fizzle, lingering inflation worries — might keep us from becoming too exuberant in our wanderlust. “Whisper it if you must,” Dan Moss writes, “but [we might be past the worst](.” More Consumer Reading - [Consumers Are Letting the Good Times Roll Again]( — John Authers - [American Shoppers Just Can’t Pass Up a Bargain]( — Leticia Miranda - [Toyota’s New EV Plan Is a Big Reality Check]( — Anjani Trivedi - [Pharrell at Louis Vuitton Is a Different Look From Gucci]( — Andrea Felsted - [Nordstrom’s Salvation Is in the Luxury Section]( — Leticia Miranda Notes: To contact the author of this newsletter, email bsample1@bloomberg.net. This is the Theme of the Week edition of Bloomberg Opinion Today, a digest of our top commentary published every Sunday. New subscribers to the newsletter can [sign up here](; follow us on [Instagram](, [TikTok](, [Twitter]( and [Facebook](. Like getting this newsletter? [Subscribe to Bloomberg.com]( for unlimited access to trusted, data-driven journalism and subscriber-only insights. Before it’s here, it’s on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. [Learn more](. You received this message because you are subscribed to Bloomberg's Bloomberg Opinion Today newsletter. [Unsubscribe]( | [Bloomberg.com]( | [Contact Us]( [Ads Powered By Liveintent]( | [Ad Choices]( Bloomberg L.P. 731 Lexington, New York, NY, 10022

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