2017 to be a big year for luxury travel
Wednesday 05 Apr 2017
Business is booming in the luxury travel sector with 80% of top agencies predicted an increase in total revenue and in leisure travel over all for the coming year. North America leads the way with Australia also tipped for significant growth.
"The high end of the industry is feeling very upbeat about travel in 2017," says Strategic Vision President & Founder Peter J. Bates. “On the whole, the top of the market is still enthusiastic about traveling – a lot – this year."
More travellers will also travel to more advisors. "[Agencies] foresee higher revenue and, in a sign of confidence, plan to hire more advisors,” says Bates. Just over 70% of those surveyed said they planned to hire more travel advisors this year and said that there was a strong focus on finding highly qualified staff.
These conclusions come from the Pulse of the Industry Survey conducted this February by Strategic Vision, a global marketing communications firm servicing the luxury travel and lifestyle industries. Survey respondents include senior executives of the nation's leading luxury travel management firms, bridging the leisure, corporate, and meetings and incentives sectors.