revenge spending; rebound consumption
Refers to a surge in consumer spending after a period of restraint, often following events like the COVID-19 pandemic. The term is a Japanese coinage using English 'revenge' to express making up for lost opportunities.
After the COVID-19 self-restraint period ended, revenge spending became active.
The travel industry is counting on revenge spending.
A Japanese wasei-eigo compound formed from リベンジ (revenge) and 消費 (consumption), popularized during the COVID-19 pandemic to describe pent-up consumer demand being released.