This year has been a great one for many travel companies as Americans, free from the confines of Covid-19 restrictions, splurged on vacations. The question now is whether that momentum will continue or get derailed by a possible recession next year. Throughout 2022, consumers prioritized travel even if it meant cutting back in other areas. But if a downturn causes people to cut back even more on spending, travel could be on the chopping block. The U.S. Travel Association anticipates domestic leisure travel demand will hold up, although growth may be a bit slower in 2023. Volumes have returned to 2019 levels, and inflation-adjusted spending should reach 98% of 2019 spending in 2023, the association’s data show. “Despite inflationary pressures, consumers are well positioned to weather a possible downturn,” said Tori Emerson Barnes, the association’s vice president for public affairs…
