The Insight Files
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Consumer trends and news curated by Tourism Australia
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The future of international luxury travel

The future of international luxury travel | The Insight Files | Scoop.it

Amadeus' Shaping the Future of Luxury Travel report, prepared in conjunction with Tourism Economics, digs into booking data that shows Asia, North America, and the Middle East will see the biggest growth in luxury travel through 2025. Overall, the report projects a 6.2% growth in luxury travel over the next decade, compared to 4.8% for travel in general. While analysis shows the growth of Asia in luxury travel, the report is somewhat sceptical about continued expansion in China itself. Among the report's findings include:

 

  • Business class bookings are flat in Europe.
  • More North Americans are booking first-class.
  • Border and long-haul luxury is on the rise.
  • Luxury travel in South Asia is expected to grow the most.

 

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Luxury tourism: what's price got to do with it?

Luxury tourism: what's price got to do with it? | The Insight Files | Scoop.it

Virtuoso has released the Australian Luxury Travel Survey for 2015, providing insight into Australia’s luxury traveller preferences and trends. The luxury travel market in Australia is continuously growing, with the survey demonstrating a significant shift - 60% of people believe luxury is no longer defined by price. Instead, the elements driving the luxury market are a feeling of connectivity, authenticity and a sense of place. Increasingly, tourists are in search of genuine, personalised experiences. While this is a global trend, it is more prevalent in sophisticated markets like Australia. Australians have always been big travellers with holidays a critical element in their lifestyle. They often invest more time than others in exploring the world, contributing to clear movement towards cultural authenticity and connectivity. Click here for more information.

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