Update: Raleigh, North Carolina Continues To Have A Strong Growth In The Housing Market
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Hotel Disounts
Hotel acronyms seem like a never-ending list. Best Available Rate (BAR) is a term we use daily. BAR (Best Available Rate) is the lowest rate of the day that is available for guests to book. These rates are available to the general public and does not require pre-payment. Online Travel Agency (OTAs) are online companies whose websites allow consumers to book various travel related services directly via internet. They are 3rd party agents reselling trips, hotels, cars, flights, vacation packages, etc.
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Revenge Travel And Its Benefits To The Economy
Revenge travel, according to Psychology Today, is a phenomenon of psychological behavior, in which the dopamine regions in our brains will be highly activated when we go shopping. It is believed that we are ready for vacations more than ever before.
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The Upcoming Trend Of Revenge-Spending in 2021
“Revenge-spending” is a term that illustrates the customers’ buying behavior after the COVID restrictions spend more on shopping than their purchase habits before the pandemic. According to Bloomberg Economics estimation, over $1.7T in excess savings from the beginning of the pandemic (March 2020) to January 2021 and the latest round of stimulus payments by the Biden organization are ready for the Americans to get in the revenge-spending.
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