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Bitcoin's surge ignites a luxury travel boom, with private jets and cruise ships increasingly accepting encryption payments.
[Coin World] On August 31, news reported that as Bitcoin prices soar, wealthy young entrepreneurs are driving a boom in the global luxury travel market, with more and more private jet and ultra-luxury cruise operators beginning to accept Crypto Assets payments. According to an analysis by McKinsey, in 2023, the spending on luxury travel by the 30 to 40 age group is expected to be $28 billion, with projections reaching $54 billion by 2028.
Kenn Ricci, the chairman of Flexjet, stated that the "huge" demand from young wealthy clients has prompted FXAIR, a subsidiary of Flexjet, to accept payments in crypto assets. A ticket from Farnborough Airport near London to New York City costs about $80,000. Ricci noted that in recent months, Flexjet's bookings have "significantly" increased, with these bookers being "young entrepreneurs in the Bitcoin space who fly further and want bigger jets. We save them time, and time is the most precious luxury."
Virgin Voyages ( 12 million dollar annual passes are now available for purchase via Crypto Assets. Meanwhile, SeaDream Yacht Club, which operates two ultra-luxury yachts with a crew-to-passenger ratio of nearly 1:1, has also started accepting Bitcoin for payments. Boutique hotel groups, including the Kessler Collection in the United States and Pavilion Hotels and Resorts in Hong Kong, are also accepting tokens such as Dogecoin, Litecoin, and Ethereum.