New signs of weakness in US economy, as consumers halt spending

New York/Los Angeles | US consumers are reining in spending on travel and leisure, hitting businesses including Disney theme parks, Airbnb home rentals and Hilton hotels as questions grow about the health of the economy.

Warnings from several companies’ earnings statements this week offered the latest evidence of belt-tightening among American households as their pandemic-era savings evaporate after years of persistent inflation.

Financial Times