Millionaires Spending More On Luxury Travel Adventures
Wardrobes packed with designer accessories and haute couture was once considered the status symbol of millionaires. Not any more. The world’s moneyed class no longer spends their wealth on luxury shopping. The current trends show that millionaires are now looking for more than just luxury goods – exceptional luxury travel adventures are becoming increasingly popular with the rich, spending more of their wealth on expensive adventures. According to recent reports, despite the economic slowdown, the millionaires of the world are willing to spend money on luxury products and services. However, there is a distinct shift in the spending pattern – from owning luxury products to experiencing luxury services. Millionaires are willing to spend money on novel travel ideas – helicopter skiing in Alaska or a vacation to one of the islands in the Maldives- are increasingly finding customers among the rich. Half of the estimated $1.4tn being spent on luxury wares is for luxury travel adv...