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  1. Announcing the Luxury Commercial Real Estate Summit New York Sept. 16 
  2. Death of the agency model – and what replaces it 
  3. Richemont sales up 20pc to $7.1B for Q1 2026, buoyed by growth across lines and regions
  4. New challenge for brands: Cost of running AI at scale
  5. African diasporic art show aims ambitiously to widen circle of private collectors beyond community 
  6. Global superyacht industry turns into $62B economic force with influence beyond tourism: report
  7. 5 steps for leaders to unleash their team’s strengths
  8. Call for nominations: Luxury Marketer's Luxury Women Leaders to Watch 2027 
  9. Rolls-Royce Americas CEO to headline Luxury Outlook Summit 2026 New York Jan. 14-15. Join us!
  10. Hermès, Brunello Cucinelli, Mytheresa, Bain and McKinsey win Luxury Roundtable Awards
Comment

Travel and hospitality

Buying capacity of baby boomers among factors to grow luxury travel market by $703B in 2027

October 6, 2023

This fall, luxury travelers can indulge in a traditional fondue or raclette at Le Chalet des Etoiles, a Christmas popup exuding a cozy alpine atmosphere decorated with twinkling lights and vintage skis located on the panoramic rooftop of Four Seasons Hotel des Bergues Geneva. Image credit: Four Seasons This fall, luxury travelers can indulge in a traditional fondue or raclette at Le Chalet des Etoiles, a Christmas popup exuding a cozy alpine atmosphere decorated with twinkling lights and vintage skis located on the panoramic rooftop of Four Seasons Hotel des Bergues Geneva. Image credit: Four Seasons

 

By Staff reports

The luxury travel market is estimated to grow by $703.14 billion from 2022 to 2027, rising at a compounded annual growth rate of 11.5 percent.

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