Global Luxury Travel Market to Double, Reaching Nearly $40 Billion by 2028

In 2021, the luxury travel market was valued at $22.2 billion, and that number is now anticipated to double – reaching $40 billion by 2021, reports Caribbean News Digital. This growth is expected to be driven by rising middle-and upper-class disposable income and consumer spending, rising demand for accumulating “travel memories,” and an increase in “micro trips.” In addition, the rising number of people who prefer solo luxury travel will also contribute to the market’s growth. Caribbean News Digital reports the primary benchmark for the luxury travel market is for growing traveller preferences in personalized service, reliable transportation, and exclusivity.

Dominican Republic Beach
The Weather Network Launches Travel Planner Tool with Launch Partners Air Canada and Aeroplan
The planning tool will provide historical weather information initially for 50 cities in 11 countries, and stems from findings that weather ...
Wendy Paradis, President, ACTA.
ACTA Calls for Speakers & Educational Session Proposals for 2022 Industry Summits
ACTA is reaching out to the travel industry for speaker proposals and suggested educational sessions for the 2022 Travel Industry Summits ...
London, UK
Canadians’ Interest in European Travel Up 2000% from 2021: Report
Europe is the second most popular continent for Canadians now, next to North America, RATESDOTCA revealed from analysis of its travel ...
Celebrity has launched the Peacemakers Sunset NFT collection, complementing Robierb’s Peacemakers sculpture featured on its newest ship, Celebrity Beyond.
Celebrity Cruises Launches First NFT Collection as Extension of Art on New Celebrity Beyond
The NFT Collection expands on a sculpture and related, very-first "NFT at Sea." Purchasers of the five NFT pieces at auction ...
Cunard's newest ship, Queen Anne.
Cunard Reports Busiest Booking Day in a Decade
The first day of bookings for the 10 published sailings of Cunard's new ship, Queen Anne, became the cruise line's busiest ...

Leave a Reply