For the past two years, American consumers have spent big on gifts that would keep them...
Shoppers in the Galleria Mall on Black Friday, the official start of the holiday shopping season, Friday, Nov. 25, 2022 in Houston, TX.For the past two years, the hot gifts of the season have been ones that made staying at home a little more bearable — next-generation gaming consoles like the PlayStation 5, at-home gym equipment like Pelotons and upgraded appliances.
This year is different: People want the experiences they missed out on, and they're willing to pay for it. Spending on holiday experiences is up both locally and nationally this year, according to a survey by Deloitte. On average, Houstonians surveyed said they would pay $609 on experiences such as eating out at restaurants and going to concerts this holiday season, up 17 percent from $522 last year.
And while most Americans plan to spend less on holiday decor, seasonal sweaters and other non-gift purchases, Houstonians plan to spend $427 on average, up 9 percent from $390 in 2021, according to Deloitte.
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