Luxury travel market size worldwide 2022-2032
In 2022, the market size of the global luxury travel industry was estimated at just under two trillion U.S. dollars. This figure is forecast to increase to an estimated 2.1 trillion U.S. dollars in 2032.
The luxury hotel market worldwide
From 1983 to 2023, the global luxury hotel supply, which refers to the number of rooms available in luxury establishments, roughly tripled, peaking at over 1,500 in 2023. Over the same period, the supply of ultra-luxury hotels worldwide experienced a fivefold increase.
What are the preferred activities of affluent vacationers?
According to a global survey conducted in the second quarter of 2023, eating in a fine-dining restaurant and staying in a five or more starred hotel were the preferred holiday activities of affluent consumers, mentioned by six in ten respondents. On the other hand, less than 20 percent of the sample had a private transport experience between April and June 2023.