64% of global travelers will prioritize leisure travel and will even make cuts in their budgets in other places to afford their adventures this year. Millennials and Gen-Z lead the charge and plan to spend the most on travel compared to older generations.

The luxury travel market will continue to expand in the next few decades as more companies start offering luxury tours and experiences for travelers. The growth projections in this sector have a ripple effect, where industry leaders show remarkable initiatives and expansions for new high-end vacations. From around-the-world trips to groundbreaking journeys, the luxury travel landscape continues to evolve as companies release new extravagant trips.