For forward-looking investors, revenge travel has been the gift that has kept on giving, which just might provide a sustaining lift for theme park operator Six Flags Entertainment (SIX). Following long stretches of isolation, consumers naturally wanted to advantage social experiences. Sure, binge-watching programs on a favorite streaming service is fun but it also gets old after a while.
However, the other factor in this tale obviously involves the economic pandemic. While fears of COVID-19 have all but faded away, a surge of inflation – a consequence of the arguably necessary monetary and fiscal measures implemented to address the global health crisis – has gradually crimped consumer sentiment. To be sure, we’re seeing evidence of the consequences of this profligacy, particularly in the form of record credit card debt.
