
26
|
CHART 14
PAST PERFORMANCE & OUTLOOK BY CLIENT SEGMENTS
Group travel continues to see a boost
7
, and
more advisors plan to sell to affinity groups in
the coming years.
While advisors are bullish across all client
segments, what is notable is the rise in
popularity of Gen Zs as future prospects. It is
likely that advisors are focusing on establishing
relationships with younger clients and plan to
build these networks over the coming years.
While 88% of advisors—two-thirds of whom
have more than ten years of sales experience—
said that they have sold to luxury/affluent clients
in the past, 74% said that they plan to do so in
the future.
LUXURY VACATION TRENDS FOR 2024
7 https://hospitalitytech.com/group-travel-revival-trends-2023-and-beyond#:~:text=The%20current%20state%20of%20group%20travel&text=The%20proportion%20of%20total%20
hotel,in%20comparison%20to%20July%202022.
71%
79%
91%
88%
72%
86%
73%
79%
85%
74%
54%
72%
49%
49%
Sold in the past
Affinity/clubs
Students/Gen Z
Reunions
Incentive/conference groups
Nuclear families
Seniors
Multi-generational family
Leisure groups
Empty nesters
Millennials
Luxury/affluent
Couples
Solo travelers
Weddings 63%
71%
74%
74%
75%
76%
77%
77%
77%
78%
78%
78%
81%
81%
Plan to sell in the next 24 months