Tourism Spending to Buoy US Leisure Sector Demand

Fitch Ratings | July 26, 2016

Fitch Ratings-New York-26 July 2016: US leisure company growth will decelerate but remain positive for the balance of 2016, according to Fitch Ratings. Tourism spending remains a bright spot for the sector, outpacing total US GDP growth as well as the leisure GDP subcomponent. However, Brexit could challenge companies with international exposure. Healthy employment and income trends are promoting higher discretionary consumer spending and support Fitch's Stable Outlook for the US leisure sector. Competition and mixed consumer confidence barometers balance these positives within the context of producer sector weakness, which led Fitc...