Monday, September 30, 2024 The Affluent Traveler Collection expands with 26 prestigious agencies, meeting surging luxury travel demand and strengthening partnerships for exclusive experiences. With a rising demand for luxury travel experiences and a growing reliance on travel advisors, The Affluent Traveler Collection (ATC), an exclusive marketing group, has welcomed new high-quality agencies and prestigious partners. This strategic expansion positions ATC to stay ahead of the shifting preferences of upscale consumers.
ATC’s network has grown to 361 agencies, with 26 new additions this year, representing a 7% growth rate. As the luxury travel market continues to expand, more agencies are specializing in high-end travel to meet ATC’s strict requirements for membership. These agencies, affiliated with the American Marketing Group (AMG) networks, are now able to promote and sell premium services offered by ATC’s upscale suppliers.
The global luxury travel market was valued at $1.38 trillion in 2023, according to a report by Grand View Research. This market is expected to grow at a rate of 7.
9% annually, reaching $2.33 trillion by 2030. High-net-worth individuals, with assets ranging from $1 million to $30 million, dominate this sector.
However, a new wave of affluent travelers with net worths between $100,000 and $1 million is emerging. McKinsey reports that these “aspiring luxury travelers” now account for 35% of the market, with an increasing focus on upscale travel .