Luxury Travel

Nearly 47 percent of adventure travelers and 38 percent of other luxury travelers express high levels of interest in using innovative payment solutions to facilitate funding of their future vacations. The pandemic stands to amplify that effect as financial limitations come to the fore. This study focuses on how new payment models can enable more luxury travel experiences by making them more affordable.

Done in collaboration with Flywire

Key findings in the study include:

• 13.6 percent of luxury vacation consumers are adventure travelers who enjoy activities like heli-skiing, mountaineering, taking charter flights, riding in helicopters or exploring exotic places like Machu Picchu.
• 50.7 percent of survey respondents pointed to luxury vacations’ costs as a key factor derailing their abilities to pursue such trips.
• 59.7 percent of adventure vacation travelers and 56.7 percent of luxury vacation travelers said they would take more trips if they had access to innovative payment solutions that enabled multiple participants to contribute funds, make recurring payments or track payments, among other features.