Luxury tourism does not experience crisis

Luxury tourism does not experience crisis

12 min reading time

Published on 05/05/23, Updated on 10 hours ago

Luxury tourism

Despite the growing inflation which has a major impact on people’s purchasing power, luxury tourism is doing very well. Although it is not aimed at the majority of travellers due to its cost, it is becoming increasingly democratised and is attracting customer profiles that previously did not spend as much on a holiday. A segment experiencing sustained growth thanks to the health crisis which has enabled many households to put money aside to spend as they please. Luxury tourism rhymes with pleasure, extravagance and experience, words that make many people dream and that above all push the professionals of the sector to constantly innovate and push back their limits in order to surprise a clientele used to the grandiose.

Luxury tourism still has a bright future ahead of itAccording to a study carried out by Bain for the European Cultural and Creative Industries Alliance (ECCIA), luxury tourism in Europe represents between 130 and 170 billion euros per year. This figure could triple in the next ten years to more…

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