Post-Pandemic Spending on Hotels and Travel May Be Cooling Down – The New York Times:
The nation witnessed two years of red-hot “revenge spending,” the name economists and corporate executives gave to a spike in recreational spending and vacation splurging that followed coronavirus lockdowns. As demand rose, so did prices for airfares, hotels and other sought-after services.
“Revenge spending,” as if you’re angry at people and are now taking your ‘revenge.’
As opposed to what this really is: anxiety driven by a scarcity mindset, triggered in no small part from the feeling that the government is going to force us to stay at home and shut down the economy further, using some new disease (or perhaps the rise of a COVID-19 variant) as a pretext.