The US travel market is facing significant consolidation in 2024. Currently, there are three major M&A stores in the US travel industry: Jet Blue/Spirit, Alaska/Hawaiian, and Choice/Wyndham. This post-pandemic rush of acquisitions mirrors the consolidation of the US airline industry following the 2008 recession. While travel companies may paint these as beneficial to consumers, the most likely consequence will be higher prices for US travellers.
Mixed performance across fashion categories in 2023 makes us wonder what to expect for the industry in 2024. In this article, we'll explore what trends would drive sales in 2024 and which categories will benefit or be impacted by those.
According to Euromonitor International’s Global League and Club Indices 2023, five major US leagues and five European football leagues dominate league rankings, with the National Football League (NFL) consistently holding its status as the most commercially attractive league globally. In the club ranking football clubs from the five major European football leagues claim all top 10 spots with Manchester United retaining the top position.
Despite growth and innovation across pet care, global supply chains continue to grapple with instability. Faced by climate change, labour shortages, political tensions, and more, key players across pet care are seen expanding domestic manufacturing capabilities. Expansion efforts however, fuel competitive landscapes, with industry giants scooping up facilities previously key to private label production. Consequently, private label manufacturers will face challenges meeting demand.
North American retail soft drinks volumes have been characterised by modest growth over the last decade. The industry saw its next big disruptor in 2020 with the COVID-19 pandemic. With consumers shifting away from so many on-trade channels and on-the-go or convenience channels, consumption patterns accelerated growth in retail volume.
Amazon dominates in online sales of beauty and personal care in the US and is continuing to make gains in most categories. Amazon's success in beauty and personal care is due to its competitive pricing, product range, and logistics, but also to its savvy seasonal strategy, especially during the holiday season and its annual Prime Day promotion.