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Millionaires drop a $1 million on vacations: travel experts

These millionaires spend money and make memories.

Travel agents for the rich and famous She revealed the exorbitant amounts her clients are willing to spend to enjoy their dream holidays.

A majority (90%) of Americans have a domestic trip on their calendar, and they expect to spend an average of $1,163 per trip, According to Tamkeen research.

But spending a little more than a thousand dollars on travel is nothing for millionaires with deep pockets, including… 350,000 living in New York City.

While most Americans expect to spend an average of $1,163 per trip, millionaires spend much more, according to Empower research.
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Experts who work in the luxury travel industry said their clients are willing to pay hundreds of thousands of dollars per trip — but it’s not just about relaxing or getting the perfect Instagram shot.

“Millionaires view travel as more than just a way to relax – they also see it as an opportunity to create lasting memories and embrace a lavish lifestyle,” said Giacomo Biva, travel industry analyst and co-founder of Millionaires. Root storage, He said Yahoo!

Giacomo Biva, travel industry analyst and co-founder of Radical Storage, told Yahoo!

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“They pursue premium experiences, such as chartering private jets and islands, and are willing to invest large sums, ranging from $50,000 to $100,000 annually, to pursue their passion for travel. A few of them may often invest more than $200,000 on a trip.” One, ensuring that every aspect of the trip is carefully tailored to suit their desires.

The majority of travelers (57%) are more willing to spend money on dining out and restaurants during their vacation, while 47% will spend more on experiences and 41% will spend more on accommodation.

Luxury travel agents said many of their clients go out of their way to ensure they get exclusivity, privacy and customization on all of their trips — usually more than one trip a year — boarding private jets, sailing on yachts, and chartering private islands.

The majority of travelers (57%) are more willing to spend money on dining out and restaurants during their vacation, while 47% will spend more on experiences and 41% will spend more on accommodation.

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“The richness of our itineraries reflects not only the amount we spend — typically $500,000 to over $1 million annually — but in the meticulous attention to detail and exclusive access to the world’s most desirable experiences,” Ladell Carter, founder and chief travel designer at Royal Expression CruisesHe said Yahoo!

“Every trip is more than just a trip; it is a testament to the power of luxury to transform the ordinary into the extraordinary.

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