Virtuoso® reveals top travel trends Kristin Mariano Aug 23, 2023 Global luxury travel network Virtuoso® reveals when, where and how the affluent are travelling for the remainder of 2023. Respected as an industry-leading trend forecaster, Virtuoso gathered… Hotels Marriott Bonvoy Launches ...
The rapid growth of wealth in Asia is spurring a boom in regional hotel construction (Exhibit 3). A 2023 assessment of the global luxury-hotel pipeline found that 41 percent of hotel rooms in the pipeline are in Asia, with 43 percent of those in China. The luxury-hotel suppl...
No longer confined to grand hotels and first-class flights, modern luxury travel encompasses everything, from sustainable tourism to immersive cultural experiences. Delve into the trends and insights shaping the future ofluxury travel, ensuring your next getaway is nothing short of extraordinary. A S...
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1. What was the size of the global luxury travel market in 2023? The global luxury travel market was valued at US$ 2,143.5 Billion in 2023. 2. What is the expected growth rate of the global luxury travel market during 2024-2032? We expect the global luxury travel market to exhibit a...
Booking Trends Indicate Forward Planning The average booking window extended from 92 days in 2022 to 105 days in 2023, marking a 14% increase. Future Bookings Show Optimism, Especially for Cruises Future bookings through Virtuoso’s Canadian affiliates are robust, showing...
CNBC Travel A new Raffles hotel is now open in India’s ‘Pink City.’ Take a look inside Wed, Jul 17th 2024 Street Signs Europe Alarm bells are ringing in the luxury sector, analyst says Tue, Jul 16th 2024 Squawk Box Europe Growth in luxury sector expected to ease, fund manager says...
REBUILDING THE TRAVEL INDUSTRY An inadvertent benefit of this year has been that destinations suffering from overtourism have recovered. Popular destinations were seeing an overwhelming number of visitors, which contributed to the alienation of locals, overloaded infrastructure and damage to nature. As tou...
According to luxury travel market trends, by tour type, celebration and special events segment holds around 6.5% share of the global luxury travel market. The segment is expected to grow at considerable CAGR of 9.5%, during the forecast period, owing to the increased interest of people to expl...
Trending Now 1 36-year-old’s Etsy side hustle brings in $220,000 a year—and costs under $40 to start: ‘You really can make a very good living’ 2 Denmark is the No. 1 country for quality of life—Canada and New Zealand also made the top 10 list ...