RE:very quietGood analysis. We know first hand here how lockdowns have been suffocating for restos and thankfully we are now wide open. Travel by air, on the other hand, still has restrictions in place with antigen testing.
Given this, I believe the travel sector (which btw I am bullish on) is still another year away from surpassing 2019 pre-pandemic levels. So, aside from inflation, that leaves more discretionary cash in consumer's pockets to splurge on their local economy like dining for at least the next year.
Robsopinion wrote: This board has gone very quiet?
Where do we see the next direction?
Down because inflation is ramping up so quickly, and household disposable income is drying up? OR will that actually boost our summer sales? Spending my entire life in the business, it was always interesting how the consumer reacted. For instance, on a typical march break, if consumer sentiment was high, people would travel. This took them out of our markets and sales would be down. If, on the flip side, consumer confidence was low, people would hunker down and want to save money. They therefore would not travel, but they still wanted to do something, and restaurants and bars in our markets would be busy. When stock markets were up, people spent more in our business. When markets were sinking (especially quickly) people would stop dining out, even though the money they used in restaurants and bars was not the same money that they had invested in the markets.
It will beinteresting to see which direction sales, and therefore the SP go.