Americans are shopping less but they’re still spending on flights, hotels and Disneyland

Consumers may be fed up with high prices at the store, but they’re still willing to splurge on travel.

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. Consumers may be fed up with high prices at the store, but they’re still willing to splurge on travel. Disney’s parks and experiences revenue grew roughly 11% during the second quarter from the year prior. The company said that while attendance isn’t at the elevated levels seen following the end of Covid pandemic restrictions, it still rose at its US and Hong Kong Disneyland resorts. “The bookings … indicate healthy growth in the business, so we still certainly feel good about the opportunities for continued strong growth,” said Hugh Johnston, Disney’s chief financial officer, during the company’s earnings call on Tuesday. While the media conglomerate is homing in on its streaming business, it’s also making moves to improve its portfolio of theme parks. Disney is planning to bring an “Avatar”-themed experience to Disneyland in California and is expanding its Magic Kingdom in Florida as part of a $60 billion investment in parks, cruises and experiences over the next decade. Other key players in the travel industry have reported a similar trend this earnings season. Americans, especially lower-income consumers, have pulled back spending at retailers as goods inflation outpaces wage growth. They’ve even become frugal with some experience-based spending like dining out, opting instead to eat at home.