Forecasting luxury travel trends for 2024

Step into the world of luxury travel and embark on a journey of discovery as we explore the latest insights from industry pioneers Spencer Rascoff and Indagare Founder Melissa Biggs Bradley. Traveling to your favorite destinations or experiencing new places is not just about the adventure; it's about creating lifelong memories. In Pacaso's recent webinar, Spencer and Melissa shared their expert insights into the evolving landscape of luxury travel.From emerging destinations to cutting-edge experiential travel experiences, the discussion delves into what's hot and what's next for discerning high net worth individuals.

Key takeaways from the webinar include:

Off-the-beaten path travel: Travelers are favoring off-the-beaten-path destinations like Norway, Faroe Islands, Scandinavia, Indonesia, Slovenia, and Romania for unique experiences and fewer crowds.
Climate consciousness: The pandemic has prompted travelers to prioritize sustainability by choosing carbon-neutral options, eco-friendly accommodations, and offsetting travel emissions.
Blending work and leisure: Remote work has led to a surge in interest for second homes or vacation properties that offer both work-friendly amenities and leisure activities.
Meaningful experiences: Travelers are prioritizing cultural immersion, personal growth, and community connections, with service-oriented trips gaining popularity for making a positive impact while traveling. Bill Perkins' book 'Die With Zero' shares this sentiment of living life to the fullest and making memories with loved ones and deepening connections with communities.