luxury travel trends
Luxury Travel: Trends and Opportunities
Nandika Udupihilla | August 7, 2024
The global luxury travel market is booming. Not only is there an increasing spending by elite travellers to visit new places, but the preference for micro trips, escapism, and experience economy is also giving rise to the rapidly expanding tourism sector across the globe. The market is fuelled by the shifting customer behaviour of paying more for a truly memorable experience. Who is the luxury traveller? Contrary to popular belief, luxury travellers do not always mean “wealthy travellers.” For each group, luxury means a different experience. Aspiring luxury: Often millennials, they are known for being digital savvy and ...
Luxury Travelers Outspend the Rest by Over 600% and the Gap is Growing
EyeforTravel | September 27, 2017
Over the course of a year, luxury consumers spend over six times as much on travel than the average consumer and the trend is for the disparity to get even bigger finds EyeforTravel's The Global Luxury Travel Consumer report. Whilst the average traveller spends $1,690 per trip, luxury consumers on average lavish $5,365 per trip according to the report. The different levels of spending become even bigger over the course of a year as luxury consumers take double the trips per year at just over 5.6, meaning a per annum outlay of over $30,000, or six times the average traveller's spend. This gap is more likely to widen than diminish says th...
2017 Luxury Travel and Hospitality Trends Revealed at Inaugural Travel Trends Summit
Magrino | November 28, 2016
NEW YORK (November 28, 2016) – Magrino, a lifestyle public relations agency for top brands in hospitality, consumer and luxury goods, and food, wine and spirits, today announced its forecast for 2017 trends in luxury travel and hospitality. The announcement follows the agency's inaugural Travel Trends Summit hosted on Wednesday, November 16, 2016 at NeueHouse Madison Square in New York City. Presented in two panels, the summit was moderated by Susan Magrino, Chairman & Chief Executive Officer of Magrino Agency, and Allyn Magrino, President and COO of Magrino Agency. The event brought together the industry's top leaders to disc...
