The Booming Luxury Travel Business

Some fascinating (if intermittently oddball) stuff about luxury travel in a Times of London piece this weekend on Abercrombie & Kent:

  • There is no Abercrombie in Abercrombie & Kent, and there never was. Founder Geoffrey Kent just thought it sounded better this way, plus it got it to the front of alphabetical listings.
  • Company sales of $500m are growing by 25% per year
  • Fortress currently has majority control, and is lining up for an IPO
  • Most expensive trip ever: $1.7m for a U.S. CEO who wanted to take 70 family and friends to east Africa
  • Advice to him from Bill Gates on one trip: “If it works, it’s obsolete”

[via Times]

Related posts:

  1. The Business Air Travel Tipping Point, Part II
  2. Online Ad Salesperson Market is Booming
  3. Booming IT Spending in Middle East & Africa
  4. The Essential Implausibility of Abercrombie and Fitch
  5. The Venture Business is a Bubble Business, Part XXIV

Comments

  1. Philip Jacob says:

    Btw, I think that excellent Bill Gates quote is originally from Marshall McLuhan.