Reliable Recovery

Compared to 2019, TSA reports airline travel is back to its 2019 level and has been so since the start of 2023. As for hotel occupancy, it’s now equal to the 2000-2022 median, but slightly below the 2018 record. Gasoline consumption is running at about 95% of 2019 levels, and gross movie box office ticket revenues are close to the 2016-2019 median. The economy continues to steadily return to normal.