Luxury is a means of travel rather than a destination. Beyond the physical
manifestation of wealth in five-star resorts and private jets, the concept of
luxury travel has now shifted to include self-actualization as the ultimate luxury.
Expected Size of the Global Luxury
Travel Market (USD)
Growth in CAGR compared
to overall travel
Growth in Asia - the fastest in the world
Authentic and unique experiences that are not purely material-centric.
Travel expenditure may reach over 500% more than the average tourist.
Comprehensive and flexible options that are ready on-demand to fulfil individual expectations.
We're talking about unique experiences and secondary destinations that have yet to be discovered by the mainstream tourist.
89% of millennials say they plan their travel activities based on content posted by their peers, with most of them browsing an average of 38 websites before making a purchase.
83% are now booking their holidays online either themselves or via online travel agencies. However, while 67% of people want travel companies to personalise their communications, only 44% believe that the communications they receive from travel companies are good.
Ready to take on the untapped potential of Luxury Travel?
Send in your proposal and stand a chance to become a B80P entrepreneur with up to SGD 100,000 to kickstart your business!