Luxury travelers losing confidence
Luxury travelers along with service businesses lost some confidence in the third quarter of this year.
The Luxury Consumption Report put out by United Marketing dropped to 96, or down 6.7 points from the second quarter.
Said Pam Danziger, president of Unity Marketing:
“There is a myth in luxury marketing circles that the affluent are immune to economic ups and downs. That isn’t true any longer. In fact, luxury consumers with their surfeit of material wealth have no pressing need to go shopping, dine out or travel when they don’t feel confident.”
She said foreign travel was particularly impacted.
“Luxury consumers’ feelings of finanicial stress kept them homebound in the third quarter. In the months when we would expect travel to rise, it actually declined, with foreign travel really taking a hit,” she said.
But as political uncertainties from the election subside and the stock market rebounds, she added luxury service and goods providers might expect a return “in full force” in the last quarter of this year.
Report by David Wilkening
David
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Global tourism exceeds 1.5 billion travelers announces UN-Tourism
Qatar Airways offers reduced timetable to over 60 destinations
WTTC global tourism reached record economic impact of 11 trillion in 2025
Hands In, UATP join forces for airline multi-card payments
Overseas travelers to the United States declined by 2.5% in 2025