What Happens When the Travel Boom Ends? As the world slowly emerges from the grips of the pandemic, the travel industry has seen a significant shift in consumer behavior. The once booming vacation economy, fueled by discounted airfare and high hotel occupancies, is now showing signs of weakening demand. For brands that relied heavily on […]
How ‘Revenge Travel’ Will Impact Luxury Sales
The Impact of ‘Revenge Travel’ on Luxury Sales As border re-openings and the repatriation of spending take center stage, the landscape of luxury sales is set to undergo a significant transformation, especially in the realm of Chinese consumer behavior. The phenomenon of ‘Revenge Travel’ is expected to play a pivotal role in shaping the patterns […]