Luxury goods are out, but luxury travel is in
💸 Oct 10, 2025: Global luxury-hospitality spending is forecast to hit $390 billion by 2028, up from $239 billion in 2023. Luxury hotel revenues have increased monthly in 2025. Iconic fashion brands like Bulgari and Armani are entering the luxury travel market. The number of luxury hotel rooms could rise from 1.8 million to 2.2 million by 2030, risking oversupply. Lessons from Hermès emphasize exclusivity through restraint, craftsmanship, and personal service.
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