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22-Aug-2017 9:55 AM

Amadeus: 40% of all personal luxury sales driven by travel

Amadeus reported (21-Aug-2017) travellers fuel 40% of all personal luxury sales, a market valued at more than EUR1 trillion. According to Amadeus:

  • Russian and Chinese travellers are the highest spenders on luxury goods while abroad, with 70% of Russian and 50% of Chinese making luxury purchases;
  • 64% of the world's outbound luxury trips are to Europe and the US;
  • The cities with the highest expenditures as a percentage of travel budget are Seoul (58.8%), London (46.7%), Tokyo (43%), Dubai (31%) and New York (24.7%);
  • 31% of business travellers combined luxury and leisure travel with business travel. [more - original PR]

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