Pelorus co-founder and CEO, Geordie Mackay-Lewis shares, “In joining forces with Globetrender, we have been able to produce a mind-expanding piece of thought leadership that provides legitimate and trustworthy signals of the trends shaping the future of luxury travel.

During the pandemic, Credit Suisse observed an “explosion of wealth” amongst the world’s wealthiest people. The number of people with more than US$50 million in assets climbed to a record high in 2021 (218,200 globally, including almost 3,000 billionaires). To mark this milestone, they’ve released their Luxury Travel and Yachting Report, which looks at the trends that will define the next five years of travel.

Although many countries are facing a short-term cost-of-living crisis, and there is a worldwide recession forecast, as we have seen from the Covid-19 crisis, the most privileged people are usually able to carry on as usual – or even benefit from a downturn. With this in mind, Pelorus and Globetrender predict that demand for luxury travel will be healthier than ever over the next five years.

As a highly innovative travel provider, we always aim to be ahead of the curve, providing our clients with unparalleled visionary experiences. Over the coming five years, we will lead the way with crypto payments for trips, pioneering clean tech expeditions and new technology, among many other initiatives. In fact, with millionaires and billionaires being made every day (especially in Asia, which will be a considerable outbound source market), there will be no better time to cater to the elite and their offspring.

Pelorus, the ultimate experiential travel company, turned five in November 2022.

First, Pelorus looks at Gen Alpha Design and the significance of this youthful demographic as passive consumers who rely on their parents to spend on their behalf. We hope this report inspires other brands to think creatively too.