The global luxury travel market is huge, not in the number of guests with substantial buying power but the astonishing level of buying power that these luxury travelers have. The good news for hoteliers targeting those top 5% of guests is that they seem to spending more every year. The global Luxury tourism market had an estimated total revenue of USD 1,308.15 billion in 2022 and is projected to be worth USD 3,023.78 billion by 2032.