The Future of Luxury Travel, Revealed Today

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Travel and tourism experts Resonance Consultancy identifies 10 luxury travel and tourism trends shaping U.S. travel experiences in new report.

2016 Future of Luxury Travel Report

Resonance Consultancy has identified 10 high-level trends that reflect experiences and habits shaping travel at the high end in the U.S. and around the world in the 2016 Future of Luxury Travel Report. The new report will be revealed at ILHA, the International Luxury Hotel Association Summit, in Washington D.C., September 25-27. To download a PDF version of the report now, visit http://www.resonanceco.com/reports/2016-future-luxury-travel-report/

To prepare the 2016 Future of Luxury Travel Report, Resonance conducted an online survey of 1,667 U.S. travelers with household incomes of $200k+ and/or net worth of $2 million+ (top 5%); 724 of travelers surveyed have household incomes of $400k+ and/or net worth of $8 million+ (top 1%).

The following sections are featured in the 60-page report:

1. Travel as Transformation

Experiences can only be deemed ‘transformative’ if they have the power to change you. But for the highly evolved species that is the luxury traveler, who has seen and done much, can transformation only come from an out-of-this-world experience?

2. Art is the New Food

Food was once a quintessential expression of local, a placemaking tool, a destination-maker, and a refuge for connoisseurs and the curious. Today, art is the new food. And travelers, wealthy and otherwise, are developing a taste for it.

3. Well, Well, Well

Once, there was a world without wellness; now it’s ubiquitous. Today, ‘Well-being’, a word that includes health, comfort and happiness, is the next addition to the vocabulary of health – and to the aspirations of luxury travelers.

4. Hospitality’s Asian Turn

As Asian hospitality interests look overseas for growth and aggressively buy up western brands, they’re targeting wealthy travelers from around the world. But they’re also looking ahead to providing accommodation for the ever-growing numbers of Asian leisure and business travelers.

5. Togethering is Everything

Multi-generational travel has been the biggest trend in tourism for more than five years. Now it’s changing the configuration of resort and second home destinations as the wealthy demand ever-larger lodgings to accommodate extended families and friends – and sometimes, entire communities.

6. Unreal Real Estate

Ownership of a vacation home, or many homes, has always been one of the most desirable luxuries for the wealthy. But today, technology is changing the way the affluent access, use and buy – or don’t buy – vacation properties around the world.

7. Warm is the New Cool

Hospitality design once placed wealthy travelers in an opulent bubble. Then came contemporary interiors, with their rarified materials and clean, hard edges. Now, luxury has warmed up to its surroundings and opened up to the out of doors. But the wow remains.

8. Athletic Pursuits

As extreme athletics take the place of golf as the go-to pass time for a new generation of executives, destinations and hospitality providers have new opportunities to attract a wealthy demographic that will go anywhere and spend what it costs to maximize their fitness and improve their results.

9. Trip. Advisers.

Luxury travelers want curators, not clerks; they seek connoisseur-level experts who cultivate relationships and deep knowledge of individual needs in order to assemble experiences as unique as the people who will enjoy them. The advisers who will flourish in the future are those who can combine the human element with innovative uses of technology.

10. High Flyers

It used to be that a vacation didn’t really start until travelers had checked into the hotel, found a quiet spot by the pool and taken that first sip of wine. But for wealthy, experience-seeking travelers, carriers are making the getaway begin before the plane even takes off. And in a world where flying is drudgery, the journey is once again becoming as memorable as the destination.

To learn more about the future of luxury travel, and future trends among the top 1% and 5% of U.S. travelers, download your copy of the 2016 Future of Luxury Travel Report at http://www.resonanceco.com/reports/2016-future-luxury-travel-report/

To meet Resonance in Washington at the ILHA Summit and discuss these trends in more detail at booth number 844, please email or call:

Chris Fair, President
cfair(at)resonanceco(dot)com
+1.646.413.8887

About Resonance Consultancy

Resonance Consultancy creates tourism development strategies, plans and brands that shape the future of places around the world. The company provides leading public and private sector organizations with research, strategic planning, development strategy and branding to help realize the full potential of developments, destinations and communities. To learn more about Resonance Consultancy, visit http://www.resonanceco.com

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Chris Fair

Ian Jacobs
@Resonanceco
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Resonance Consultancy Ltd.
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