MENA Region Leads Global Growth in Luxury Travel, Reveals Mastercard Affluent Travel Report [Yahoo! Finance]
Mastercard Incorporated (MA)
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Source: Yahoo! Finance
Over a third (38%) of luxury seekers are willing to pay 30-50% more for sustainable travel features Affluent travelers in the MENA region are power users of loyalty and membership card programs GCC tourists are some of the highest spenders, whether vacationing within the region or further afield DUBAI, United Arab Emirates, May 07, 2024 BUSINESS WIRE )--The Middle East and North Africa (MENA) region has emerged as one of the main regions driving growth in affluent travel, recording high spends, while also displaying an appetite for sustainable eco-luxury and meaningful cultural experiences. Mastercard's latest report, ‘Affluent Travel: A Middle East Perspective', released during the Arabian Travel Market 2024, unpacks some of the key trends. The appetite for new experiences in unexplored destinations, micro-trips and ‘bleisure' will likely drive the growth of the global luxury travel market, which is expected to grow by 7.9% (CAGR) between 2024 and 2030, according to Grand Vi
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