Travel Trends and Luggage Sales

This is an interesting analogy, using the sales of luggage to get an idea how the travel industry may be doing:

Chart courtesy of David Rosenberg of  Merrill Lynch:

“We track luggage sales as a barometer of travel plans – and they have fallen in two of the past three months and are running at a near-record 35% annual rate over the past six months. Either people intend to stay close to home (which requires a ‘cocooning’ theme) or those who do intend to travel are scaling back their suitcase purchases in response to the advent of these airline per-bag fees.”

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