Industry Research

Luxury Travelers Value Experiences Overall

Posted on September 28, 2016

Photo via PEXELS (stokpic.com)
Photo via PEXELS (stokpic.com)
The luxury travel industry still yields high results with affluent consumers going on more than triple the number of trips average households take, according to a report prepared by Resonance.

General consumers in the U.S. take only an average of 4.8 trips a year, compared to the wealthiest 5% who take more than 14.3 trips per year. The luxury travel sector alone pulls in about $390 billion each year, with each trip costing $3,115 per family member.

Luxury Daily article here

Related Topics: client markets, leisure travel, luxury market trends, research and trends, VIP service, wealthy clients

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