Looks like we’re ready to travel again and spend big. With covid cases falling, restrictions easing and the strongest consumer finances in recent history, we’re emerging from the pandemic eager to splurge on everything from travel and sports events to restaurants, cruises and theme parks.
Companies including Marriott, Expedia, Coca-Cola and MGM Resorts say business is already improving from an Omicron dip and indications point to a public eager to live large. Wynn Resorts says premium customers are traveling and spending again with a “vengeance.”
The Energy Information Agency says oil output in the Permian in Texas and New Mexico will rise by 71,000 barrels per day to a record in March. The agency says gas output in both the Permian and the Haynesville in Louisiana, Texas and Arkansas will also rise to record highs next month.
