When we think of luxury travel, we often gravitate towards opulent destinations like. Amalfi Coast in Italy or Davos in Switzerland. Luxury travel is all about experience and, most of the time, luxury travel enthusiasts steer clear of places where crowds throng. They choose places and trips that are out of reach for a majority. The submarine expedition to the Titanic shipwreck at the bottom of the Atlantic Ocean in which five people lost their lives in June this year-is one example. It reportedly costs $2,50,000 per person. Similarly, space travel is becoming a thing, with the likes of Jeff Bezos and Richard Branson undertaking journeys into space, along with their Russian multi-billionaire counterparts.
While those undertaking such trips need an appetite for adventure besides a fat bank balance, there is no dearth of uber-rich travel enthusiasts who demand opulent hospitality. According to the Mastercard Economics Institute’s Travel Industry Trend 2023 report, as real wage growth turns less negative across regions, with inflation declining this year, travellers may be more inclined to splurge on high-end experiences, such as luxury resorts and shopping. Cutting down on the risk factor, there are places with less extreme adventures and more relaxed luxury for those looking at destinations that offer them unmatched experiences.
هذه القصة مأخوذة من طبعة October 2023 من Outlook Business.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة October 2023 من Outlook Business.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Coalition Karma
In the winter of 2011, the world watched as international crude prices surged amid the chill of economic uncertainty, casting a shadow of concern over the global economy.
MARKET MAVERICK
For FCB Group India CEO Dheeraj Sinha, music makes life easier, and writing is the best way to get clarity of thinking
AN INSIDE STORY OF THE BANKERS' BANK
Reserve Bank of India is not perfect. It has room for improvement. Alpana Killawala, who handled RBI's communication for over 26 years, uncovers insider facts about the central bank and its governors, from S. Venkitaramanan to Raghuram Rajan, drawn from her extensive experience as the communication officer
THE GAMES WE PLAY
For the youngest and most populous nation in the world, India's sporting achievements leave much to be desired. Things are changing, but they need to change way more quickly
Realty Gets a Luxe Push
A post-Covid rebound in the economy and NRIs are pushing the sale of luxury properties in metros as well as smaller cities
Backroom Revolution
Availability of skilled talent pool along with competitive costs have made India a major attraction for MNCs to set up their support centres, commonly known as GCCs
'GOOD GOVERNANCE IS THE CORNERSTONE OF GOOD BUSINESS'
Shikha Hora Kamdar, head, retail assets & ESG, IDFC FIRST Bank, talks about how the bank is integrating sustainability in its operations
PRASAR BHARATI STRIKES BACK
As smartphones take over TV as the primary source of entertainment in India, the national broadcaster is planning a comeback
NBFC LICENCE, PLEASE
Fintech firms are queueing up outside RBI’s office seeking NBFC licences as they see loans as a sure-fire way to profitability. But things are not as easy as they seem.
WALKING A TIGHTROPE
Cybercriminals are taking over vast parts of India's increasingly digitalised financial markets. The SEBI wants to act, but it cannot afford to spook rookie retail investors
