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Mastercard Affluent Travel Report 2024

Luxury Travel growing in MENA region reveals Mastercard Affluent Travel report

The Middle East and North Africa (MENA) region has emerged as one of the main regions driving growth in affluent travel, recording high spends, while also displaying an appetite for sustainable eco-luxury and meaningful cultural experiences. Mastercard’s latest report, ‘Affluent Travel: A Middle East Perspective’, released during the Arabian Travel Market 2024, unpacks some of the key trends. The appetite for new experiences in unexplored destinations, micro-trips and ‘bleisure’ will likely drive the growth of the global luxury travel market, which is expected to grow by 7.9% (CAGR) between 2024 and 2030, according to Grand View Research. High-net-worth travelers contribute approximately 36% of the global spend on travel as stated in a Jones Lang LaSalle study. “At Mastercard, we are committed to connecting people to their passion for travel. This report gives a great snapshot of how high-net-worth individuals choose to

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Which hotel picture is a killer?

Did you book your last vacation through a hotel or online travel site? You are not unique. More people book holidays online than thru a travel agent. But what makes you select a specific hotel? Is it the price? Or a picture – like this aerial shot of the Outrigger

Unwrapping the secrets of Yangon

Peering out of the Emirates Boeing 777-300ER flight from Dubai to Yangon, you can see the lazy river. A muddy, sludgy, squidgy creek. Meandering. That is the Irrawaddy – the river that Kipling’s famous Road to Mandalay poem glorifies. No fishes jumping skywards.  No hathis pilin’ teak. Just a snake

By the Fig and the Olive

  “By the fig and the olive, By Mount Sinai, By this city of security (Makkah), Surely we have created man of best stature, The we reduced him to the lowest of the low, Except those who believe (Islamic Monotheism) and do righteous deeds. Then they shall have a reward

Cruise into the sunset on your own boat

Your wife is a “soccer mom” driving an SUV. You have a few other cars parked in the garage. Your annual vacation takes you to exotic destinations every summer – and increasingly every winter as well. You dine out every weekend – and some weeks have extra weekends. You think