Valued at US$946 billion in 2019, the luxury travel market was forecasted to reach US$1.2 trillion by 2027. Yet, as COVID-19 pushed more travellers to seek to create their own bubbles while travelling, elements of traditional luxury may have become mainstream. From paying extra to have an entire villa or luxury safari lodge to themselves for a family vacation or hiring a private car or small yacht, travellers seem willing to spend more per holiday. How is this trend changing the definition of luxury tourism and what are the implications for Travel & Tourism businesses?

Desirée Bollier, Chair of Value Retail Management and Global Chief Merchant of Value Retail, creator and operator of The Bicester Collection
Keith Barr, Chief Executive Officer, InterContinental Hotels Group
Caroline Beteta, President & CEO, Visit California
Matthew Upchurch, President & CEO, Virtuoso
Moderated by: Sharanjit Leyl, International News Journalist

#RediscoveringTravel #GSPhilippines

Copyright © World Travel & Tourism Council.
Any reproduction without the World Travel & Tourism Council’s written consent or illegal distribution of the content in any form will result in immediate action against the person/companies concerned.

#WTTC #TravelandTourism

source