High-end luxury travel takes off

07/1/2005 | Bloomberg

Baby boomers have money to spend, and they're using it increasingly on luxury vacations that cost tens of thousands of dollars, Bloomberg reports. According to the director of PricewaterhouseCoopers' hospitality division, "all travel is going to be very strong this summer, but if there's one segment that we'll call the outstanding performer, it's deluxe, which is high-end luxury."

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