Luxury Travel is a thriving industry that includes high-end hotels, exotic locales, mouthwatering cuisine, awe-inspiring culture and more. Often, these experiences are designed to give travelers the trip of a lifetime and provide them with unforgettable memories. However, there are a few things to keep in mind when booking this type of vacation.
The global Luxury Travel market is primarily driven by the increase in disposable income of middle and upper class people globally. In addition, the growing need and interest of people to spend more time with their family is also fueling the growth of the Luxury Travel industry.
Generally, luxury travelers seek enrichment and want to experience new, exciting and memorable adventures. This is why they are willing to pay a premium for their vacations. They are more interested in the overall quality of their experience than in specific amenities or facilities. They may look for a more active vacation, one that incorporates adventure and safari or even a yacht cruise. They might also consider a stay in a unique location like an ice hotel in Sweden or underwater villa in the Maldives.
Millennials are a significant portion of the luxury travel market and they have specific preferences. They may prefer shorter trips to break the monotony of their daily routine, they are also more interested in cultural experiences and gastronomy than their older counterparts. Additionally, they have a preference for private accommodations. In addition to these, they prefer incorporating luxury trains and cruises into their trips. For instance, they might include a stay aboard the Belmond Venice Simplon-Orient-Express as part of a Europe tour or a cruise on the Aqua Mekong and the Belmond Andean Explorer as part of a larger South America trip.