6 Shaping the Future of Luxury Travel | Future Traveller Tribes 2030
Luxury travel trends and regional hotspots
According to Tourism Economics data measuring outbound flights, growth in luxury travel slightly exceeded that for overall travel from 2011-2015 , with a Compound Annual Growth Rate (CAGR) of 4.5% (4.2% for overall travel). The demand for travel has remained constant despite testing economic times, and the luxury market has remained fairly resilient.
4.5 % Luxury travel CAGR 4.2 % Overall travel CAGR
“We’re living in an age where civilians can travel to outer space on Virgin Galactic… where you can rent a private island on Airbnb for $500 a night. It’s become clear that mass luxury is no longer a new thing, yet it creates this contradiction: how can you offer ‘luxury’ in
Business class According to estimations on intermediated distribution channel data produced by Amadeus Travel Intelligence , which is based on various internal and publicly available data sources, domestic business class travel between 2011 and 2015 has been broadly flat except in European and North American countries.
the traditional sense and ‘mass’ at the same time?” Emily Segal, artist,
consultant and co-founder of K-Hole, from her speech “Learning from the MA-1 – the future of luxury branding” at TEDxVaduz, 2014
For the purpose of this paper, when we talk about luxury outbound trips, we mean business and first class flights. When we refer to the luxury travel market, we mean air travel.
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