Discover and read the best of Twitter Threads about #Leisure
Most recents (7)
We’ve seen the pace of #payroll gains decelerate to roughly the monthly trend pace from the last expansion; consensus has been waiting for this moment and expected a 195,000 job gain in May, but the data printed considerably stronger at 339,000 #jobs gained.
The three-month moving average of #nonfarm payrolls sits at 283,000, down from 334,000 jobs at the start of the year, but what the #LaborMarket imbalance needs is more supply and more slack.
The #unemployment rate ticked up to 3.65%, close to its 12-month average level, and average hourly #earnings (a volatile figure) gained 0.33% month-over-month and 4.3% on a year-over-year basis.
Today’s #JobsReport was a clear indication that #LaborMarket dynamics are softening. For example, the 3-mo. moving average of nonfarm #payroll growth sits at 247k jobs, after a higher-than-expected print of 223k jobs for Dec, in contrast to 2022’s average mo. #job gain of 375k.
Today’s personal income and consumer spending data for June reaffirm our view that the reopening continues to drive a powerful #restart — and there’s still room to run. 1/4
In the #services sector, particularly #leisure and #hospitality — which bore the brunt of lockdowns and restrictions — the #spending splurge continues as consumers make up for lost time. But spending is still a little more than 3% below its pre-pandemic level in real terms. 2/4
On top, consumers still have a large war chest of accumulated #savings, a good share of which we expect to be deployed over coming quarters, further strengthening the restart. 3/4 
1-One of the most important houses in the #BirthChart is the 5th House
In #WesternAstrology, the 5th House is the House of the #InnerChild – signifying #Creativity, #Play and #Leisure.
No wonder, #Children are seen from this house. (1/8)
#Astrology.
In #WesternAstrology, the 5th House is the House of the #InnerChild – signifying #Creativity, #Play and #Leisure.
No wonder, #Children are seen from this house. (1/8)
#Astrology.
2-#Romantic relationships and gambling activities are also seen from the 5th House.
5th House activities an individual indulges in
..are supposed to bring him #Joy, #Delight and Creative Expression.
(2/8)
#AstrologyThread.
5th House activities an individual indulges in
..are supposed to bring him #Joy, #Delight and Creative Expression.
(2/8)
#AstrologyThread.
Encouragingly, this morning’s #JobsReport witnessed not only solid job gains, with 1.37 million #jobs added, but also a drop in the #unemployment rate to single digits, at 8.4%, which is a psychologically meaningful threshold to breach.
Still, great perspective is required when situating this #data in proper context. The #unemployment rate is still resting too close to double digits, and many #businesses will not recover their footing for years to come, if ever.
Today’s #JobsReport, which witnessed nearly 1.8 million #jobs gained in the month of July, was stronger than many anticipated, yet it also displayed some signs of slowdown in #labor #market improvement.
The report shows that the pace of #job-gain acceleration has now slowed markedly, and it is our best guess that the rapid rate of return to #work will now exhibit a very deliberate pace of rebound from here.
That’s particularly the case for some sectors, such as #retail and #leisure #hospitality, where the slowing in improvement was even more pronounced.
Hotel vs OTA, battle of demand aggregation
$MAR lower $EXPE commissions from 12 to 10%
$WH says when it acquires indie brand, % of booking thru OTA decrease by 1/2, from 50% to 25%
$HLT 35% of rooms booked direct from web/app, @skift bit.ly/2Z38SIT
#hotel #OTA #travel
$MAR lower $EXPE commissions from 12 to 10%
$WH says when it acquires indie brand, % of booking thru OTA decrease by 1/2, from 50% to 25%
$HLT 35% of rooms booked direct from web/app, @skift bit.ly/2Z38SIT
#hotel #OTA #travel
New $MAR $EXPE contract as reported by @skift
bit.ly/2D9GueI
$MAR obtained: hotel owners can decide what room rates & when (seasonality) to distribute on expedia
Doesn't mention updated take-rate for EXPE
#hotel #OTA #travel
bit.ly/2D9GueI
$MAR obtained: hotel owners can decide what room rates & when (seasonality) to distribute on expedia
Doesn't mention updated take-rate for EXPE
#hotel #OTA #travel
$GOOG enhance its hotel booking engine w/ maps + content/photo.
Benefits $MAR $HLT $WH $IHG
Hurts $BKNG $EXPE; their search ad expenses paid to $GOOG increased frm $1.5B in'14 to $3.5B in'18, but the O.G. aggregator dgaf
bit.ly/2v4zEmk from @skift
#hotel #OTA #travel
Benefits $MAR $HLT $WH $IHG
Hurts $BKNG $EXPE; their search ad expenses paid to $GOOG increased frm $1.5B in'14 to $3.5B in'18, but the O.G. aggregator dgaf
bit.ly/2v4zEmk from @skift
#hotel #OTA #travel
