Category: CostConscious

Cost-conscious Chinese tourists look to affordable options for Golden Week holiday By Reuters

September 29, 2024

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Investor Empires

Written by Sophie Yu and Casey Hall BEIJING/SHANGHAI (Reuters) – Chinese tourists are expected to take longer trips than last year during the Golden Week holiday that begins on Tuesday, but that will not necessarily lead to an increase in spending, travel industry experts said. With the economy slowing and…
McDonald’s Faces Profit Disappointment Amidst Cost-Conscious Consumers and Middle East Conflict

May 3, 2024

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bitlyfool

McDonald’s, the American fast food giant, finds itself facing profit setbacks, with CEO Chris Kempczinski stressing growing financial caution among consumers and the repercussions of the conflict in the Middle East on its global operations. In the latest quarter, McDonald’s reported modest 1.9 percent growth in comparable sales, below Wall…