Evolving Traveler Series: Takeaways from Inaugural GS Travel Network Round Table

Goldman Sachs' inaugural Travel Network round table reveals that high-end travelers are spending 10-25% more per trip than last year, prioritizing luxury service and specific loyalty programs despite global uncertainties.

Key Takeaways

• 1.Travel spend per trip is up significantly (10% to 25% year-over-year) driven by pricing increases in airfare and hotels.
• 2.Premium travelers prioritize convenience and service, with airlines effectively pushing price as airfare moves toward 50% of total trip costs.
• 3.High net worth travelers are shifting toward boutique lodging, villas, and specific loyalty ecosystems like Marriott Bonvoy.

Table of Contents

• The Evolving Traveler
• Key takeaways
• Disclosure Appendix
• Reg AC
• GS Factor Profile
• M&A Rank
• Quantum
• Disclosures
• Regulatory disclosures
• Ratings, coverage universe and related definitions
• Coverage Universe
• Global product; distributing entities
• General disclosures

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