<h1>Luxury Travel Booms Amid Cost-of-Living Crisis: Millennials and Gen Z Seek Authentic, Sustainable Experiences.</h1> Luxury travel is experiencing significant growth despite the cost-of-living crisis, evolving from traditional displays of wealth to more personalized, meaningful experiences. The industry is projected to grow from USD 1.4 trillion in 2024 to USD 2.2 trillion by 2030, with the Asia-Pacific region leading the surge. Younger travelers, including millennials and Gen Z, are driving this trend, prioritizing experiences over material goods. Modern luxury travel emphasizes authenticity, wellness, and sustainability, with a focus on cultural experiences and digital detoxes. The sector's future lies in adapting to changing consumer values, emphasizing connection and personal growth.