The size of the global luxury tourism industry is worth a billion and a half US dollars’ worth of turnover, as per a report submitted by marketing research firms Wealth-X and Barton. This figure does not include air fare or accommodation, which add up another US$ 1.4 billion to the pack. These astronomical figures would actually add up to being among the top fifteen economies in the world had it been a country. While a number of countries are chasing this super- rich club, not all have been equally successful. As per business intelligence shared by Global Blue, only thirteen percent of this travel is captured by Spain, where France, Italy and UK do much better, with more than double the capture. The new challenge for the global economies will be sustainable luxury.


Uploaded Date:06 January 2020

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