3 Entertainment Stocks to Add to Your Must-Buy List
BKNGBooking Holdings(BKNG) Investor Place·2024-07-19 18:07

In recent years, high inflation has reduced many American consumers’ purchasing power and caused them to look hard for bargains in various areas, including clothes and groceries. But generally, they’ve been willing to spend large amounts of money on experiences and entertainment. Many data points support the latter theory. For example, in 2023, a well-respected consulting firm, McKinsey, found that Americans’ outlays on “out-of-home entertainment,” travel and restaurants had climbed by 7%, 6% and 3% above i ...