CONNECTIONS
CONNECTIONS DELEGATES HELP SHAPE REPORT ABOUT THE FUTURE OF LUXURY TRAVEL PRODUCED BY LEADING TRAVEL TECHNOLOGY SUPPLIER AMADEUS
CONNECTIONS AND AMADEUS REPORT SUGGESTS LUXURY TRAVEL WILL GROW FASTER THAN OVERALL TRAVEL
Luxury travel will grow faster than overall travel during the next decade, according to a new report from Connections and Amadeus called Shaping the Future of Luxury Travel. Drawing on data from Tourism Economics about business and first-class flights, the report projected that luxury travel will see a compound annual growth rate (CAGR) of 6.2% over the next 10 years, compared with an overall
travel growth figure of 4.8%. The report also showed that North America and Western Europe currently account for 64% of global outbound luxury trips, despite accounting for only 18% of the world’s population. India’s luxury market growth
rate of 13% is the highest of the 25 countries explored in the report, and growth in the Asia Pacific region outpaces that of Europe’s.
MICAELA GIACOBBE FOUNDER AND DIRECTOR, CONNECTIONS EVENTS
“This report has been shaped and informed by more than 200 executives who participated in our round-table
workshops focused on the luxury travel markets at events in Europe, Asia and the Middle East.”
ROB SINCLAIR- BARNES STRATEGIC MARKETING DIRECTOR AMADEUS IT GROUP
“Understanding your business’s role in delivering an end-to-end luxury
experience for a traveller is key to improving collaboration and reinforcing an industry-wide push for consistent luxury service. Exploring the latest technologies and innovations for making the industry work better as a whole is key to achieving a new level of luxury.”
Shaping the Future of Luxury Travel Future Traveller Tribes 2030
To read the report (pictured) in full, visit:
bit.ly/AmadeusLuxury
amadeus.com/luxurytravel
88 — aspire june 2016
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