U.S. consumers getting selective with leisure reservations, including at casinos

U.S. consumers getting selective with leisure reservations, including at casinos

Article brief provided by Reuters
  • Doyinsola Oladipo, Reuters
March 27, 2023 4:16 PM
  • Doyinsola Oladipo, Reuters

U.S. consumers are increasingly canceling dinner, night club, and pool cabana reservations as they grow more selective with discretionary spending, according to data from reservation management company SevenRooms.

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U.S. travel and leisure spending has remained strong as consumers plunk down money on experiences after isolating during the pandemic. Travel companies early in 2023 told investors that demand remained strong, but consumers were trading down to less-expensive options or skipping reservations entirely, SevenRooms said.

U.S. no-show rates in February increased 0.3% from January to 5%, and cancellation rates rose 1.3% to 14.2%, according to SevenRooms, which partners with hotel brands like Marriott International and 80% of the casinos in Las Vegas including MGM Resorts International, Wynn Resorts and Venetian Sands.