World Cup watch parties lift hospitality in some cities even as economy softens
TL;DR Summary
The Fed’s Beige Book finds the World Cup boosted tourism and hospitality activity in Cup-hosting cities (e.g., higher hotel occupancy and strong watch-party sales in places like Boston and NYC), but the broader economy remained weak: other markets saw reduced discretionary spending on dining, hotels, and entertainment, and overall consumer demand slowed as oil prices rose.
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