The OPULENT TOUCH to Travel
Outlook Business|October 2023
The luxury travel segment is growing worldwide, with travel enthusiasts with deep pockets willing to pay whatever it takes for experiences that are unique, lavish and unforgettable
Antara Chatterjee
The OPULENT TOUCH to Travel

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.

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.

المزيد من القصص من OUTLOOK BUSINESS مشاهدة الكل
From Chandni Chowk to Global Recognition
Outlook Business

From Chandni Chowk to Global Recognition

For Manish Aggarwal, director at Bikano, Bikanervala Foods, the family business was not just a responsibility but a passion he took to the global stage

time-read
2 mins  |
January 2025
Spotting AI Scams
Outlook Business

Spotting AI Scams

Al has become an integral part of our lives, from customer service no insurance claims. But it is also becoming a tool for fraudsters who use it to scam individuals and corporations

time-read
6 mins  |
January 2025
Let a Hundred Flowers Bloom
Outlook Business

Let a Hundred Flowers Bloom

On the banks of the Ganges in industrial Kanpur, a start-up has blossomed that turns waste flowers into incense

time-read
3 mins  |
January 2025
BATTERY LOW
Outlook Business

BATTERY LOW

India produces enough green energy to power many of its largest cities yet lacks the storage to use it efficiently. A nation blazing forward must leap ahead in battery technology to stay on course

time-read
6 mins  |
January 2025
We Have Everything Going for Rajasthan
Outlook Business

We Have Everything Going for Rajasthan

Rajyavardhan Singh Rathore, Rajasthan’s industry and commerce minister, tells Pushpita Dey why the state is suited to become a hub for investments.

time-read
3 mins  |
January 2025
Dairy and Other Dilemmas
Outlook Business

Dairy and Other Dilemmas

India’s refusal to open its dairy market has complicated trade negotiations for years. As global partners demand concessions, is the cost of protectionism outweighing benefits?

time-read
7 mins  |
January 2025
Riding in a Maze
Outlook Business

Riding in a Maze

As gig workers ride into an uncertain future with little more than a smartphone and a bike, the government is struggling to arrange a socialsafety net. But millions without social security is recipe for disaster

time-read
7 mins  |
January 2025
BIRLA'S BIGGEST BATTLE
Outlook Business

BIRLA'S BIGGEST BATTLE

As Kumar Mangalam Birla completes 30 years at the helm of the Aditya Birla Group, he has a battle to defend his businesses and conquer new ones

time-read
6 mins  |
January 2025
THE INNOVATION LEAP
Outlook Business

THE INNOVATION LEAP

India dreams of becoming a product nation. But unless the corporate sector significantly increases spending on R&D, the country will continue to lag behind global peers

time-read
4 mins  |
January 2025
EDUCATION BUDGET MUST DOUBLE EVERY 3 YEARS
Outlook Business

EDUCATION BUDGET MUST DOUBLE EVERY 3 YEARS

Veezhinathan Kamakoti, a renowned academic and director of Indian Institute of Technology Madras, tells Deepsekhar Choudhury on what technology sovereignty means for India and how it can propel the country towards its vision of becoming a developed nation by 2047.

time-read
3 mins  |
January 2025