Get Ready For A Global Luxury Travel BOOM

[Decemeber brings LCT’s annual Global/International Outlook Issue, available in digital version this week].

CANNES, France — A new report by International Luxury Travel Market (ILTM), in association with Euromonitor, released Nov. 30, reveals that there will be more than one billion extra people traveling in 2030 as a result of growing tourism flows from emerging markets and eager middle class consumers.

With a 48% increase in the last five years, luxury travel has grown twice as fast as all other types of foreign trips, which grew by 24%, reveals research by the World Travel Monitor.

Kipp Report article here

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