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  • 2 days ago
World Cup travel and hospitality spending accelerated across U.S. host cities, lifting restaurant, hotel and flight demand.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02World Cup spending accelerated across U.S. host cities as the tournament entered its final rounds, according to CNBC.
00:09Travel bookings accelerated ahead of the World Cup semifinals as fans headed to Dallas and Atlanta for the remaining high
00:16-stakes matches.
00:17World Cup fans boosted spending across every U.S. host city, with restaurants and bars recording some of the strongest
00:24gains.
00:24Bank of America card data shows that in-person spending rose 5% from June 10th through July 5th.
00:31Kansas City led the gains, while hotel revenue per available room increased nearly 50%.
00:36Philadelphia's weekend hotel revenue rose more than 74%, as a match coincided with 4th of July events and America 250
00:44events.
00:45Host city hotel demand increased 2.4% during the knockout stage, and revenue per available room rose 23%.
00:52Flight bookings to host cities climbed nearly 4% from last year.
00:57For all things money, visit Benzinga.com.
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