- Traditional luxury vacations are evolving as the travel industry grows.
- Generation Z now has more of a say, changing the way the wealthy travel.
- From “coolcations” to hyper-specific wellness getaways, here are the new trends to know about.
Who cares about luxury bags, watches or coats when you can invest that money in your next sumptuous trip?
That seems to be the view of some wealthy consumers right now, as demand for luxury goods slows, but travel and experiences continue to gain traction, according to Bain’s latest in-depth study of the travel industry. luxury.
The type of people spending more on travel is also changing. Notably, younger, ambitious travelers enter the mix. They want to ensure their travels are stress-free, value-driven, and filled with premium experiences.
With the expansion of the industry and the arrival of younger generations, the classic luxury vacation of lounging in a 5-star hotel by the beach is no longer enough.
Here’s a closer look at the luxury travel trends that are accelerating as we head into the new year: