Affluent travelers are not shy when it comes to voting with their dollars. Connecting with oneself is now the new black and the younger wealthy class have shelved the desire for bling and shiny things, instead buying and having unique and once in a lifetime experiences. Luxury travel providers and suppliers have taken note of this defining trend and put all their resources in creating those unique experiences. The investment has paid off as luxury travel continues to grow globally and boom in certain regions.
Our industry insider, Karine Lackner, understands the luxury travel market well as Executive Editor of the luxury travel publication, Horizon & Beyond. Taking time out of her busy schedule, she shares her thoughts and perspectives on the state of the luxury travel market and reveals some important trends that could drive the next ‘big thing’ for the upper tier travel category: Karine Lackner, Executive Editor Horizon & Beyond
TheTopTier: Thank you for sharing your thoughts with us Karine. Can you give us a quick update on the Middle East luxury travel market" How is business"
Karine Lackner: The official numbers say a very positive outlook. Abu Dhabi?s growth in 2015 was particularly impressive. Leisure tourism has seen a boost over the past few years and the trend is expected to continue as future demand generators such as the upcoming Cultural District are completed. With an annual growth rate of 16 percent in luxury hotel rooms between...