... the frequent trips and high
expenditures of travelers whose income ranks them in the top 5 percent
makes the market lucrative disproportionately to its size. However, the
demographic data and consequently preferences of the small group are often out of
step with travelers as a whole, meaning hoteliers need to remain sensitive to
their desires even while catering to the next generation of high-earners. “2016
U.S. Luxury Travel Report” surveyed 1,667 travelers in the top 5 percent of
U.S. households and an additional 724 in the top percentile, weighing data
according to age, gender and income against the U.S. Census and comparing it to
travelers overall. The top 5 percent are defined as those with a household
income of at least $200,000 or net worth of $2 million, while the top 1 percent
thresholds were double those numbers ...
Highest-income travelers demand "once-in-a-lifetime" experiences: report - Luxury Daily - Research
expenditures of travelers whose income ranks them in the top 5 percent
makes the market lucrative disproportionately to its size. However, the
demographic data and consequently preferences of the small group are often out of
step with travelers as a whole, meaning hoteliers need to remain sensitive to
their desires even while catering to the next generation of high-earners. “2016
U.S. Luxury Travel Report” surveyed 1,667 travelers in the top 5 percent of
U.S. households and an additional 724 in the top percentile, weighing data
according to age, gender and income against the U.S. Census and comparing it to
travelers overall. The top 5 percent are defined as those with a household
income of at least $200,000 or net worth of $2 million, while the top 1 percent
thresholds were double those numbers ...
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