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Consumers Fueling Leisure Company Cash Flows: 2025 Credit Outlook

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Selective leisure-related spending may remain a focus for consumers in 2025 similar to 2025, as seen by BI's US travel survey conducted Nov. 14-19. Bond spreads for leisure-related debt could narrow against consumer cyclical alternatives, but weakness in restaurants and parts of gaming may translate to sector- and company-specific credit spread volatility.

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