Rich people are dominating holiday travel
This year, are you taking a holiday trip? The response is becoming more and more reliant on your income.
According to a recent survey by the consulting firm Deloitte, households with annual incomes of at least six figures are predicted to account for the greatest percentage of holiday travelers this season (45%), up from 38% in 2023. Additionally, they have increased from 43% of hotel guests last season to 52% this year, putting them on track to account for the bulk of paid accommodation consumers.
According to Kate Ferrara, vice chair for U.S. transportation, hospitality, and services at Deloitte, travelers are seeking to spend money on experiences and enhancements that will make their vacation unforgettable.
However, that is partially a reflection of the people who are initially travelin...