Travel companies catering to affluent travelers remain largely optimistic
🏖️ On Mar 24, 2025, amidst economic uncertainties, luxury travel bookings remain buoyant, with affluent travelers continuing to spend. High-income households, contributing 50% of U.S. consumer spending, show no signs of pulling back from high-end travel, spurred by a strong stock market and asset growth. The luxury travel market is expected to grow 5.2% in 2025, approaching $1.8 trillion globally. Companies like The Thinking Traveller, Hyatt, Scott Dunn, and Virtuoso report strong demand, particularly in ultraluxury travel. Despite some hesitation from companies like Viking Holdings and Abercrombie & Kent, the overall outlook for 2025 remains optimistic.
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