The travel industry is largely back on track. But high prices in the luxury sector, which rose in the wake of the Covid pandemic, aren’t returning to normal. In fact, they’re growing higher by the month. Luxury hotel rates reached “peak levels” this year, with average daily rates up 70% compared to 2019, according to … Read more
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Luxury travel prices are increasing because wealthy travelers are willing to pay the rates. ‘Money is almost no object for some of these guests,’ said Henry Harteveldt, president of the travel market research company, Atmosphere Research Group. Read original article here Denial … Read more
Reservations for Italy’s new “La Dolce Vita Orient Express” train open Tuesday. Luxury train enthusiasts may want to lock in the current rate now — before it climbs any higher. Starting rates for a one-night journey on the luxury train increased from 2,000 euros ($2,168) per person in December 2022 to 2,500 euros per person … Read more
Tokyo’s Sézanne is the newly crowned winner of “Asia’s 50 Best Restaurants 2024” list. The two Michelin-starred neo-classical French restaurant, located on the 7th floor of the Four Seasons Hotel Tokyo at Marunouchi, climbed from No. 2 on the 2023 list to secure the top spot. Japan had nine restaurants make this year’s list, as … Read more
Heli-skiing on virgin snow in Antarctica for a cool $2.2 million. A polar bear safari in an “off-limits” area of Norway’s Svalbard for $300,000. How about tracking snow leopards in the Himalayas with renowned explorers for $100,000? Big-ticket travel experiences like those are indicative of the “quiet luxury” trend which began in the world of … Read more
Singapore made global headlines last year when the government announced that biometric processing will replace travel document verifications at Changi Airport in the first half of 2024. But the city-state is going “passport-free” in another area: its land border with Malaysia. From Tuesday, people traveling by car between Singapore and Malaysia can show self-generated QR … Read more
A Ferrari is parked outside the New York Stock Exchange in celebration of Ferrari’s initial public offering in New York City on Oct. 21, 2015. Andrew Burton | Getty Images Ferrari CEO Benedetto Vigna promised on Tuesday that the luxury carmaker’s new electric vehicle will offer drivers the same “unique” experience as its historic combustion … Read more
Calls for a wealth tax on the world’s super-rich are once again gaining attention after U.S. President Joe Biden said he would impose a new “billionaire tax” on the country’s wealthiest if re-elected in November. Outlining his 2025 budget proposals on Monday, Biden took aim at the uber affluent and reiterated plans for a 25% … Read more
Meenakshi Sai, 51, looks like any other Indian woman, dressed in a saree and sporting a bindi on her forehead. But unlike many women in her country, she’s been driving since she was 18 years old. As of 2020, less than 7% of India’s 236 million drivers were women, according to the data website Statista. … Read more
Many passport rankings focus on one factor: visa-free travel. But passport strength is more complex than this, according to the tax and immigration consulting firm Nomad Capitalist. That’s why it produces a weighted annual index that analyzes five criteria: Visa-free travel — 50% Taxation — 20% Global perception —10% Ability to hold dual citizenship — … Read more
