Review Of Luxury Travel Demographics References

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Luxury Travel Demographics. Around 35% of millennials stay in upscale and luxury resorts and hotels. Luxury consumer demographic data beyond income or net worth will be valuable in determining your luxury marketing focus.

The Future of International Luxury Travel in 4 Charts Skift
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Precise figures can be hard to come by when describing the luxury market, which is variously defined as the top 2%. Here’s a look at the top six trends from the report: According to the luxury institute’s 2020 report, 62% of affluent consumers said they preferred making purchases in stores.

The Future of International Luxury Travel in 4 Charts Skift

“we advise our customers to take their database and append it with our wealth engine information,” explains bischoff. On the basis of age group, the luxury travel market has been segmented into millennials, generation x, baby boomers, and silver hair. In the following 5 chapters, you will quickly find the 33 most important statistics relating to travel agency industry. Luxury cruises saw a 5% increase in sales, while luxury hospitality experienced a 4% increase, because of overall growth in luxury travel efforts.