Virtuoso reveals new luxury trends, from hot destinations to coolcations
Virtuoso has drawn upon its extensive network of travel advisors, preferred partners and high-net-worth/ultra-high-net-worth clientele to determine what’s new and next in luxury travel, while also revealing the data and insights that prove it.
Respected as the leading “Voice of Luxury” and industry trend forecaster, Virtuoso has based its findings on a data warehouse of (US) $80 billion in transactions and an ongoing series of surveys.
The results of the extensive research were shared at the 366h annual Virtuoso Travel Week, taking place Aug. 10-16, in Las Vegas at Bellagio Resort & Casino, ARIA Resort & Casino, The Cosmopolitan of Las Vegas and Vdara Hotel & Spa.
The key takeaway is that travel remains robust, even against a backdrop of global challenges. Year-to-date sales have surpassed those of 2023 for the same January-June timeframe by 14 per cent and skyrocketed 211 per cent over 2019, with future 2025-2026 sales already up 38 per cent over last year. The demand for travel advisors remains high, with a 76 percent increase in consumers seeking out travel advisors so far this year via the network’s site, virtuoso.com.
Adventures far and wide
While domestic travel dominates in fall 2024, travellers are venturing afar in record numbers, with Italy, France, Mexico, the United Kingdom, Spain, Saint Barthelemy, Portugal, Canada and Japan topping the list.
The largest growth areas year-over-year are Canada (+168 per cent), Japan (+160 per cent) and Saint Barthelemy (+155 per cent).
Major cities like Paris, London, New York, Rome and Tokyo are showing significant increases compared to 2023, while destinations such as Taormina (Sicily), Napa and Amsterdam are seeing rate declines, making this fall a great time to visit.
For the festive season, Mexico, Hawaii, Anguilla, Costa Rica and Saint Barthelemy are the most sought-after destinations, with Saint Lucia, the Dominican Republic and Grenada coming on strong with double- and triple-digit percentage increases.
Notably, Maui is up 66 percent for the holidays compared to last year. Fall and festive season bookings are expected to be strong, with fall bookings up 23 per cent and festive season bookings up 32 per cent compared to 2023. Additionally, Virtuoso’s preferred hotels are seeing rate increases of 46 per cent in the Caribbean and eight percent in Mexico.
Exclusive experiences remain hot
When it comes to the hottest travel trends, Virtuoso advisors have noted continued demand for exclusive-use experiences such as VIP transportation, luxury yachts and private residences, along with itineraries that incorporate next-level stimulation and engagement.
Requests for these exceptionally high-end experiences have increased for 89 per cent of Virtuoso advisors.
Leading trends in ultraluxe travel include expedition cruises, exotic destinations (such as Fiji, the Maldives and Thailand) and African safaris. Top motivations for ultraluxe travel are celebrations, passion-point experiences (like sports, arts, culture, concerts and festivals) and once-in-a-lifetime trips.
A focus on feelings
Of particular interest is a notable shift from focusing on a trip to-do list to an emphasis on how one feels during travel.
Virtuoso’s research has identified that travellers prioritize curiosity and exploration (77 per cent), joy and happiness (65 per cent) and awe and wonder of nature (57 percent) as the top emotional drivers for luxury travellers. The intangibles of a travel experience are more compelling than checking off bucket list items.
"Coolcations" heat up
Other trends include a rise in travel to cooler climates, or “Coolcations,” to destinations in northern Europe and Canada, which are up 44 percent this summer, while visits to warmer spots, including Italy, Greece and France, have decreased by .5 per cent.
Wellness travel is also expected to be a major trend this year and into the next, with a focus on “Silver Bullet” wellness – a sub-trend coined by Globetrender in a forthcoming co-authored report with Virtuoso – highlighting hyper-specific, targeted “cures” tailored to individual wellness needs.
A survey revealed that 70 per cent of travellers are seeking relaxation and disconnection through wellness travel, while half are interested in hyper-personalized experiences and mental resets.
Other key trends
Solo female travel, dubbed as “Wander Women” by Virtuoso and Globetrender, has also seen significant growth, with women making up 71 percent of solo travellers.
Additionally, as Gen Z begins having children in 2025 (Beta babies), the industry for the first time will see seven generations traveling simultaneously. Legacy travel, or the act of bringing all these generations together to celebrate milestones or to seek nostalgia and reconnection (24 percent according to the 2024 Virtuoso Brand & Travel Tracker study) is becoming increasingly popular. And Virtuoso shared that when surveyed, 32 percent of Gen Zs were planning to travel with children over the next year, with 42 per cent of them planning to do so under the guidance of a travel advisor.
Travel to off-the-beaten-path destinations and at off-peak times is growing in popularity, aligning with the trend toward more responsible and sustainable travel as a response to overtourism.
Please access complete findings here.
Photo: Four Seasons Hotel The Westcliff Johannesburg
