TravelSavers: Luxury Sales Outpacing 2022 by 32 Percent

TravelSavers is forecasting double- and even triple-digit sales growth across its business, especially in the premium and luxury segments. The network shared the positive projections and the trends fueling this surge at its “Owners’ Retreat” conference in Montreal (April 27-29).

“Travel bookings are up dramatically across the board from last year,” said Kathryn Mazza-Burney, chief sales officer. “People are prioritizing spending on experiences instead of things and travel is at the top of the list. Whether it’s an all-inclusive in Mexico or an African safari, travelers are seizing the day and seeing the world now.”

TravelSavers advisors are experiencing an increase in premium and luxury sales, with luxury revenue pacing 32 percent higher than 2022. Expedition cruising is particularly vigorous, with sales up 78 percent from last year. Antarctica bookings have risen 84 percent year over year.

The sun market also continues to surge, with double-digit increases this year over and above similarly strong growth in 2022. FIT sales to both Europe and Africa are showing consistent upturns. Africa is leading with projections for increases of more than 90 percent, followed by Europe. In particular, Paris, Rome and Dublin are highly in demand.

Travelers are booking longer stays as they combine remote work and travel. Private home rentals for these lengthier trips are also on the rise. Growth in family travel is outpacing the market in general, with celebration and multigenerational trips strong. Close-to-home travel is thriving, including U.S. domestic travel, besides sunny destinations such as Mexico, and perennial Caribbean favorites including Puerto Rico, Jamaica and the Dominican Republic. All-inclusives have also shown notable increases.

To take advantage of these industry developments, TravelSavers has added preferred partners to enable advisors, including new luxury and adventure cruise suppliers and long-stay accommodation providers. It has also enhanced its “Cruise Value Incentive Program” by adding sailing dates offering value-added amenities through 2025.

TravelSavers is also investing in technology enhancements to increase effectiveness and sales. It has upgraded tripXpress, where advisors research, build and book itineraries all from one platform; and OnlineXpress, which enables agencies to create their own branded website.

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