Industry Research

Luxury Travel Market To Reach $1.6 Billion By 2026

News Reports
Posted on October 2, 2019
So many desitnations to see (Photo by Unsplash user Deanna Ritchie)

So many desitnations to see (Photo by Unsplash user Deanna Ritchie)

Rise in the inclination toward exotic holiday experiences, a surge in middle and upper middle-class spending, the trend of online booking, and the increase in impact of travel industry drive the growth of the global luxury travel market.

However, varying socioeconomic situations and the impact of natural disasters hinder the market growth. On the other hand, demand for enhanced service standards and the emergence of new destinations create lucrative opportunities in the industry.

Hotel Business article here

Related Topics: building your clientele, business opportunities, industry trends, luxury market trends, luxury travel, Millennials, retail markets

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