Financial Times: Cryptocurrency boom drives luxury tourism market boom, with young entrepreneurs becoming the main consumers

The soaring price of Bitcoin has ignited a luxury tourism boom, attracting wealthy young entrepreneurs. Spending on luxury travel for those aged 30-40 is projected to escalate significantly, doubling from 28 billion USD in 2023 to 54 billion USD by 2028.

Luxury companies, including Flexjet and Virgin Voyages, are now accepting cryptocurrencies for high-end services. Flexjet’s FXAIR offers private flights, while Virgin Voyages provides upscale cruise passes, catering to the increasing demand from young investors utilizing Bitcoin, Dogecoin, and Ethereum.