Up to $68,000 on a holiday: Foodie trips, smaller cruises and remote destinations draw luxury travellers
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Luxury cruising had done particularly well, with sales for future cruises rising by 106 per cent compared to 2019.
PHOTO: REUTERS
LOS ANGELES – Luxury travel is booming. As the travel industry continues to rebound post-pandemic, the high-end sector has flourished even as rising costs of living price out the less affluent.
Valued at US$1.67 trillion (S$2.3 trillion) in 2022, the global luxury travel market is expected to grow to US$3.7 trillion by 2032, according to a November 2023 report by market research firm Spherical Insights & Consulting.
