The rise of luxury travel in the U.S.

27-08-25

The U.S. luxury travel market is moving steadily toward an unprecedented expansion, projected to surpass $2.15 trillion by 2035, driven by growing consumer wealth and technological innovations that are redefining the travel experience.

More than just an upward trend, this phenomenon represents a structural shift in how high-net-worth segments choose to travel. Growth is fueled by increasing demand for exceptional, highly personalized, and exclusive experiences. From dreamlike accommodations and private safaris to boutique cruises and VIP historical tours, these travelers demand total comfort, privacy, and authenticity—and are willing to pay for it.

In the U.S., the luxury travel market already reached $397.91 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 8.2% between 2025 and 2030, reaching approximately $634.27 billion by 2030. This dynamism is the result of a convergence of powerful factors: rising disposable income among affluent consumers, a revaluation of transformative and meaningful experiences over simple relaxation, and a preference for unique, tailor-made destinations.