
The Art of Luxury
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15
In early January 2024, Kensington Tours shared the results
of its Luxury Travelers Survey. Conducted with Opinium
Research, the survey polled 400 adults, each from
households earning over $250,000 annually and having
experienced luxury trips worth at least $10,000 in the past
five years.
The study revealed that affluent travelers are inclined to pay
extra for exclusive benefits Sixty-eight percent said they were
willing to pay a premium for the ability to skip lines, avoid
crowds, and experience private tours Others would pay a
premium for personalized, bespoke trips tailored to their wants
and needs (66 percent); one-stop planning (62 percent); and
insider access to exclusive events (56 percent)
Respondents similarly reported that their travel experiences
would be somewhat or greatly enhanced by offerings
typically provided by a luxury tour operator, such as access
to popular attractions with no wait times (81 percent);
privately guided tours without the crowds (78 percent);
access to exclusive, world-renowned events (74 percent);
and access to insider experiences not traditionally available
to the general public (72 percent)
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The study also found that luxury travelers take more and
longer trips than other travelers Over one-third of luxury
travelers (38 percent) reported taking three to five trips
annually; while another quarter (28 percent) take six to 10
trips; and a notable 14 percent embark on more than 10 trips
each year — and most of them average two weeks or more
(57 percent)
The popularity of multigenerational travel experienced a
significant boost in the wake of the pandemic and continues
to thrive, with 82 percent of respondents intending to increase
their family travel this year As well, a significant number of
respondents (89 percent) plan to explore new destinations in
2024, with Switzerland, Norway, and Portugal named as top
destinations More than 50 percent of respondents expressed
interest in distinctive experiences, such as luxurious villa stays
with in-house amenities, and private yacht expeditions
And lastly, demonstrating the recognition among affluent
travelers of the benefits of collaborating with luxury travel
professionals, 72 percent of survey participants expressed
their intention to enlist the services of travel experts for their
upcoming vacation planning
(originally reported in Travel Agent Central)