The Essentials

Luxury Travel Boom

One way of measuring the power, and perhaps the resiliency of travel, is to study luxury travel and the people spending the most money to get from Point A to B in style.

Nowhere is travel rebounding faster than in the luxury category.

Virtuoso, the global consortium of luxury travel advisors, reports that its bookings for 2023 are an astounding 91% higher than 2019, before the pandemic.

And some hotel bookings are running 193% higher than 2019.

Another interesting fact is the number of high net worth travelers is spending more than 34% above 2019 as well.