Why Jim Cramer is worried about the 'experiential economy'

CNBC's Jim Cramer on Thursday expressed concerns about the "experiential economy," businesses related to travel and leisure.

"I'm a lot more worried about the experiential economy than I was a month ago, thanks to a combination of weaker macro data and some discouraging earnings reports," he said. "While I'm not yet calling the whole theme dead, I'll certainly be watching this space closely going forward, because it's clearly in a precarious place for the moment."

The leisure industry saw a huge post-Covid boom as consumers were eager to splurge on travel, theme parks, concerts and restaurants, Cramer suggested. But now the consumer might not be willing to spend in the same way, he indicated. While the macroeconomic landscape is uncertain without federal data, he said it's clear the la