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The reason luxury travel is so expensive these days - TL;DR CNBC

The reason luxury travel is so expensive these days

Publishing timestamp: 2024-04-01 19:13:57


Summary

Luxury travel prices are soaring, with rates for hotels and trains reaching peak levels. Wealthy travelers are willing to pay higher prices for exclusive experiences, while budget and mid-scale sectors see competition keeping costs lower. Overall, travel demand remains strong, but some travelers are starting to feel the impact of rising prices.


Sentiment: MIXED

Tickers: AC-FR

Keywords: accor sahotels and resortseconomyentertainmentvacation costsbusiness travelluxury travellifestyletrain travelhospitality and leisure industrylifebusiness newstravelfamily travelaccommodationsluxuryholidaystourismvacationswealthitaly

Source: https://www.cnbc.com/2024/04/01/why-is-luxury-travel-so-expensive-high-prices-arent-curbing-demand.html


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