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Price no deterrent for luxury market say Virtuoso members

Luxury
Charlotte Cullinan
16 August 2022

Luxury clients are “price insensitive” following the pandemic, but agents must focus on extending booking lead times, according to a panel of Virtuoso member agents from the UK, the USA, Australia and Canada. 

The panel discussed how luxury customers are unfazed by increased prices

The members were speaking during a session at the global luxury network’s Travel Week event in Las Vegas, which is taking place from until 19 August.

They agreed that despite prices rising post pandemic, price wasn’t a deterrent for the luxury market. James Turner, chief executive of the UK’s 360 Private Travel, said luxury travellers appeared to be “price insensitive”, as clients strove to spend time with their families and enjoy the experiences they were unable to do during the pandemic.