Travel Not Slowing Down

The price of airline tickets increased 19% from March to April, the daily TSA data for traveler throughput continues to grow, and Las Vegas visitor volumes continue to recover, see charts below.

With the economy reopening, significant household savings, and more people flying, eating at restaurants, and staying at hotels, the Fed has to increase interest rates further to slow down the consumer services sector.


Chart showing strong traveler traffic at TSA checkpoints
Source: TSA, Bloomberg, Apollo Chief Economist
Chart showing a strong recovery in Las Vegas victors
Source: LCVCA, Bloomberg, Apollo Chief Economist
Chart showing winnings at Nevada casinos are at record highs
Source: Bloomberg, Apollo Chief Economist. Note: Winnings includes total revenue from table, counter and card games and slot machines.