Travel Report: Luxury Travel Recovering Faster

 Travel Report: Luxury Travel Recovering Faster

Cerritos beach. Courtesy of Cheryl Miller.

A new study released from GlobalData.com revealed that luxury tourism has recovered faster than budget, partially due to an increase in high net-worth individuals. The travel industry is experiencing a strong start to recovery as wealthy consumer began to travel again by mid-year 2021 after saving on travel during the first 18 months of the pandemic.