The economy has a significant impact on travel, and here's a breakdown of how economic factors influence the industry.

Bocom has a deep and entrenched foothold in the Yangtze River Delta, which is the most developed area of China's private economy. Its nearly 20% contribution to China’s gross domestic product makes it ...

Mark Zandi, chief economist of Moody's Analytics, also noted the impact of credit card defaults on low-income groups. "High-income households are fine, but the bottom third of U.S. consumers are ...

Many Americans are starting 2025 carrying unmanageable credit card debt. The credit card default rate has hit its highest ...

The dramatic increase comes amid soaring consumer debt, which hit a record $1.17 trillion in the third quarter of 2024, as ...