Elegant & Resorts – Luxury Horizons, 2024

Elegant Resorts has released its Luxury Horizons: Unveiling 2024's Travel Trends report, in collaboration with travel trend forecasting agency Globetrender and hotel developer and operator Kerzner International. The report explores the evolving landscape of luxury travel and its projected growth in the coming years. The industry is currently valued at $1.2 trillion and is expected to experience a compound annual growth rate of 7.6% until 2030. The report highlights several key trends that will shape the luxury travel sector in 2024 and beyond. One trend is the strengthening of "Generational Connections," where entire families are involved in the planning process. The digital era has given younger generations, such as grandkids and Generation Z, more influence in travel decisions. Wellbeing has also become a priority in luxury travel, with clients investing in "Longevity Escapes" and prioritizing health. Another emerging trend is "Calendar Curation," which offers unique travel experiences centered around significant events like Formula One racing and horse races. Luxury cruising has evolved to include smaller ships, lifestyle amenities, and pre- and post-cruise land-based itineraries, giving rise to the trend of "Cruise Framing." "Enrichment Journeys" that provide opportunities for learning and cultural immersion are also on the rise. Lastly, the fusion of fashion and hospitality has led to "Designer Collaborations," where hotels partner with brands to create unique experiences for guests. Elegant Resorts aims to provide personalized and luxurious travel experiences and looks forward to inspiring and guiding travelers through the ever-evolving landscape of luxury travel.