Commentary: What cost-of-living crisis? Luxury travel is booming – and set to grow further

Quick Summary:

No longer the domain of millionaires and billionaires, a growing proportion of luxury travellers are millennials, Gen Z, and tourists from emerging markets like Asia and the Middle East, says this tourism expert.

Despite the cost-of-living crisis, luxury travel is booming.

Traditional hallmarks of luxury travel - like presidential suites and private islands - are still popular among high-net-worth individuals.

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Article Details

Category: EconomyBusiness

Markets: SingaporeAustralia

Topics: Growing Growth Crisis Tourism Travellers Experiences Travel Cost-of-living Experience Luxury Commentary:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-01 @ 06:00:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 869 words

Reading Time: 5 minutes read

Sentences: 46 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 24797316

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 3 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 12 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #27

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