Holiday Tipping Guide: Whom to Tip, and How Much
Published On Dec 13, 2024, 9:00 AM
Americans are feeling confused and frustrated with the increasing expectations for tipping. Despite this, there is a notable trend during the holiday season where more people plan to tip service workers like housekeepers and childcare providers as a gesture of gratitude. Surveys indicate that while the amounts may remain stable, the act of tipping during the holidays is seen as an enduring tradition and special case when compared to other times of the year.
Stock Forecasts
HLT
Positive
The trend of increased holiday tipping could boost revenues for businesses that rely on tips, particularly in hospitality and service sectors. This may signal positive performance for stocks in these industries as consumers are demonstrating a willingness to spend during the holidays.
XLY
Positive
Increased consumer spending during the holiday season could also be a positive indicator for ETFs focused on consumer discretionary goods and services, such as those that involve hospitality, travel, and retail sectors.
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