An update on luxury travel and consumer behavior from Cannes, France

This week's Eye on Travel Podcast with Peter Greenberg -- broadcasting from The International Luxury Travel Market in Cannes, France - the largest summit of high end hotels, airlines, cruise lines, tour operators -- and an indication of whose spending what, how much, and where, with some surprises. This year we have seen travel behavior change dramatically as people are willing to forgo purchasing luxury goods in favor of travel experiences. Amir Eylon, President and CEO of Longwoods International did the research, and he has the numbers. Then Peter sits down with Shannon Knapp, President and CEO of Leading Hotels of the World, a collection of more than 400 high end luxury hotels. Right now, hotels are getting about 40 percent higher rates than in 2019, and Knapp explains not only why, but how most hotels expect to maintain those rates. Then, Crystal Vinisse Thomas, Vice President & Global Brand Leader Hyatt Hotels Corporation on how Hyatt had to pivot quickly to adjust to changing traveler behavior -- and changing traveler demands. Plus, what this is doing to the hotel business model.

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