LOS ANGELES – Luxury travel is booming. As the travel industry continues to rebound post-pandemic, the high-end sector has flourished even as rising costs of living price out the less affluent.
Valued at US$1.67 trillion (S$2.3 trillion) in 2022, the global luxury travel market is expected to grow to US$3.7 trillion by 2032, according to a November 2023 report by market research firm Spherical Insights & Consulting.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you