News
Florida Aquarium Planning $40 Million Expansion
The Florida Aquarium announced an expansion plan that will include new exhibits. The highlight of the expansion is the outdoor sea lion habitat, and project plans include a rotating special exhibit gallery, converting the second floor lobby into a multi-species gallery, and a outdoor sea lion exhibit with an African penguin habitat. The project’s construction…
Read MoreCan I Raise Prices During A Recession?
A client recently asked if it’s possible to raise prices during a recession. Our answer is the same whether it’s a recession or not. Yes, but only if you have the research to back it up. Laws of economics tell us about the inverse relationship between prices and demand, but in your business, demand can’t…
Read More
Fall Travel Predictions
This summer was a busy travel season, but Americans are not done traveling yet. As summer comes to an end, Americans are already making fall travel plans. According to TripAdvisor’s 2022 Fall Travel Index, 61% of U.S. respondents are planning trips this fall. And despite inflation, higher than normal gas prices and the continued…
Read More
Teenagers And Social Media In 2022
The landscape of social media is ever-changing, especially among teenagers. A study conducted by Pew Research Center that focused on American teenagers between the ages of 13 and 17 found that more than half of this age group would deem it difficult to give up social media (54%), as nearly all have access to a…
Read More
Disneyland Increases Annual Passholder Prices
Disneyland has increased its prices once again. The park’s top-tier annual pass increased $200, its second tier increased $150, and its bottom two tiers increased $50. However, these price increases are not without added benefits. All tiers will now receive 20% off the Disney Genie+ line skipping upgrade, and the top two tiers will also…
Read More
Labor Day Travel Predictions
Labor Day Weekend is the last big weekend of summer for many people. This year, over half of Americans plan to travel over the holiday weekend. The Vacationer’s Labor Day 2022 Travel Survey revealed that over 53% of adults in the United States plan to travel over the upcoming long weekend. Ninety-two million Americans will…
Read More
Consumers Hopeful Inflation is Slowing Down
This summer, many Americans have been watching their spending habits amid inflation. During July, the consumer outlook for inflation decreased significantly amid a sharp drop in gas prices and the hope that surges in food and housing would start their decline soon. The New York Federal Reserve’s monthly Survey of Consumer Experience shows that consumers…
Read More
The Average Cost of Travel Right Now
High gas prices and widespread inflation have impacted the way that many Americans viewed travel this summer, but a recent study conducted by travel insurtech company Squaremouth found the average trip cost has actually decreased overall compared to pandemic and pre-pandemic years. The average trip cost through early July was around $5,300 compared to $5,800…
Read More
Brick-And-Mortar is Here to Stay
Online shopping became very popular in the past decade, forcing many brick-and-mortar locations to close their doors. However, David Simon, CEO of Simon Property Group and the largest U.S. mall owner, is insisting that brick-and-mortar retail is here to stay. “The enclosed mall business is strong, yet we have naysayers out there that don’t believe…
Read More
$25 Million Rollercoaster Coming Soon to Dollywood
Dollywood Parks & Resorts recently announced plans for Big Bear Mountain. This $25 million dollar addition will be the park’s longest-ever rollercoaster – 3,900 feet and situated over 6 acres. The rollercoaster, which will boast a top speed of 48 miles per hour and feature cars resembling off-road vehicles, is set to open in the…
Read More