Global Luxury Travel Trends
Luxury travel has entered a new phase, in which conspicuous consumption is giving way to more meaningful and authentic travel experiences, and to an increase in the number of luxury travel companies converting to mobile technology, as a means of boosting the luxury cachet. Whilst sales in luxury hotels are being led by key developed markets like the US & EU, an increase in international luxury travel is expected in emerging markets, mainly driven by booming demand from the expanding middle class.. Luxury overhaul Luxury travel has entered a new phase, in which conspicuous consumption is giving way to more meaningful and “authentic” travel experiences. Leisure travel An increase in international leisure travel is expected within luxury travel, driven by growing tourism flows from emerging markets and aspirational middle class consumers. Middle East takes the spotlight Growing demand and substantial investment, with a strong focus on luxury hotels, ar...