Hospitality
 
Boomers Driving Luxury Biz Growth
 
People aged 51-69, aka “baby boomers” are fueling an increase in luxury travel that’s expected to reach $1.2 billion by 2020 with an accent on travel to Europe and the Caribbean, according to an online report from www.luxurydaily.com.
 
The growth, which will benefit both hotels and restaurants served by textile services operators, is highest among the baby boomer cohort, with overall yearly growth rates reaching 6.4%. “Baby boomers are creating the most growth within the luxury travel market likely due to their disposable income and ...