Summary
Wealthier households, earning over $100,000, are dominating holiday travel this year, making up 45% of travelers and over half of paid lodging customers, according to Deloitte.
Rising costs, including airfare and luxury accommodations, have priced out lower-income households, whose travel participation has declined.
Affluent travelers are driving demand for premium experiences, with high-end destinations seeing significant price increases. Meanwhile, budget-conscious travelers are cutting costs by staying with family or using credit to fund trips.
Inflation continues to strain travel budgets across income levels, with 29% of travelers expecting to take on debt.
Depends what end of 6 figures. That’s a pretty broad range.
1 million is 1 million greater than 0, but 999 million away from a billion, and 299,999 million away from 300 billion (Elon Musks peak wealth).
So yeah. Millionaires are unironicly poor.