A new crop of “aspiring luxury” travelers with net worths of under $1 million makes up more than a third of the segment. GETTYThrough the rest of this decade, demand for luxury tourism and hospitality will grow faster than any other segment, according to a new report released by McKinsey on Wednesday entitled “The State of Tourism and Hospitality 2024.” The study, based on a survey of over 5,000 travelers, shows how the profile of the global luxury traveler is changing.
