Looking Ahead
Majority of Wealthy Consumers Plan to Spend More on Travel in 2023
A new report finds that tourists are eyeing more international trips, but they’re prioritizing health and wellness—and ecotourism.
Soneva Fushi in the Maldives.
Source: Soneva Fushi
Global luxury travel is leaning more toward conscious tourism, wellness and meaningful human connections, according to a report released on Dec. 6 at the International Luxury Travel Market trade show in Cannes, France.
In partnership with American Express and Altiant, a luxury market research firm, the report also found that a majority of wealthy travelers continue to prefer spending on experiences over goods. Almost 60% plan to spend more on travel in 2023, compared with a mere 10% who say they’ll cut back.