Luxury Travel

Report: How Payments Plans Remove The Risk From Booking Adventure Travel

Not content to lie on the beach or take selfies at famous landmarks, adventure travelers are fueling the already fast-growing $1.1T luxury travel market. Yet the lack of payments options is becoming too risky for many thrill-seekers who can’t always pay for the big-ticket, adrenaline-pumping experiences like bungee jumping and heli-skiing they crave. The new Luxury Travel Study looks at over 200 data points on the payments habits of this segment and the opportunity that awaits those who want their business.

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.