As the holiday shopping season begins, Travoca, the world leader in luxury travel, reports strong growth for travel in 2012.
Currently, reservations are more than 50 percent ahead of the same time last year, a clear indicator that the luxury travel segment is rebounding as consumer confidence continues to increase.
“During a time of year when a lot of attention is paid to consumer spending and economic outlook, I am pleased to report that Travcoa is showing a considerable increase in future bookings,” stated Jerre Fuqua, President of Travcoa. “Even with an average selling price of $10,000 per person, we are experiencing growth and expect bookings to continue to accelerate as the economy improves and people return to traveling more frequently.”
Asia, including India, is Travcoa’s most popular region for travel in 2012, making up almost 40 percent of the reservations since June 1, 2011. Popular itineraries to the continent include Enlightened India, Intriguing Indochina, and Legendary China, all of which showcase fascinating culture, unique history, and distinguishing architecture.
Europe is also showing robust results, contributing to 25 percent of Travcoa’s reservations since June 1, 2011. Itineraries of interest include Along the Dalmatian Coast, an in-depth look at Croatia, Montenegro, and Slovenia; Undiscovered Italy, an itinerary filled with little-known Italian villages and an abundance of food and wine; and Resplendent Russia, an exploration in the style of the czars.However, the Middle East, which is traditionally Travcoa’s most popular region, makes up just 5 percent of future bookings. This signals that consumer confidence in this region is still low following last spring’s political instability.