BELOW SUPERNAV drop zone ⇩

Backyard pool installations take a backseat to travel, cruises

  • Pool Corp estimates a 15-20% decrease in pool construction for 2024
  • It's a new low after pandemic staycations pushed pool trend
  • Airlines, cruises and hotels reaping the benefits instead

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

Mortgage Calculator

This calculator helps you estimate your monthly mortgage payment. It adds up the loan payment (principal + interest), property tax, and insurance. The loan payment is spread out over the years of your loan term.

This is the total amount you're borrowing from the bank.
This is the yearly interest rate on your loan.
This is how long you'll take to repay the loan.
This is the yearly tax you pay on your property.
This is the yearly cost to insure your home.

Monthly Payment Breakdown

Principal and Interest: $

Property Tax: $

Homeowners Insurance: $

Total Estimated Monthly Payment: $

(NewsNation) — Even as summer temperatures rise, America’s pool market is cooling down.

New data from national pool equipment distributor Pool Corp shows a 6.5% drop in year-to-date sales compared to 2023 due to “cautious consumer spending on big-ticket items.”

The distributor estimates, with peak selling season nearly done with, new construction could be down 15% to 20% this year.

And pools aren’t the only backyard business in decay: Traeger Grills also reported a total revenue decline of 5.4% alongside a net loss of $4.7 million year-over-year.

It’s the latest data in a multi-year trend suggesting “persistently weak demand for new pool construction” after the pandemic.

COVID-19 kept customers at home and in search of backyard adventure, causing a spike in construction.

“No one in the pool industry has ever seen a phenomenon like the reaction that COVID has caused,” landscape company founder David B. Katz told Lawn and Landscape.

But that trend is now underwater. In 2024, consumers can jet off for vacation or find their fun in public — and they are.

During the Fourth of July weekend, TSA expected a record-setting 70 million travelers to take to the air amid the agency’s busiest travel season in history. Inflation has also eased significantly from its fever pitch in 2022, especially on costs for travel and vacations.

The Associated Press reports that Delta Airlines, American Airlines, Marriott and Hilton will likely be the biggest beneficiaries of consumer demand for travel this summer, with cruises poised to join as well.

Carnival claims its 2024 bookings are the best on record, reaching an all-time high of $83 billion during its fiscal second quarter.

Your Money

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Sunny

la

66°F Sunny Feels like 66°
Wind
6 mph SW
Humidity
48%
Sunrise
Sunset

Tonight

A few clouds. Low around 50F. Winds N at 5 to 10 mph.
50°F A few clouds. Low around 50F. Winds N at 5 to 10 mph.
Wind
6 mph N
Precip
10%
Sunset
Moon Phase
Waxing Gibbous