Markets have certainly been brutal this year (unless you were invested in energy stocks, then they’ve been a picnic!). Obviously, markets are forward looking; they look past current results to what’s gong to happen in the future. And with energy prices soaring, high inflation, rising interest rates, and geopolitical uncertainty caused by Russia, the markets are looking at the future and saying “Yikes!”
Leisure booking window is generally 60-90 days. Very little visibility beyond the summer boom, which is well known