Dissertation Fran
Dissertation Fran
Dissertation Fran
1. INTRODUCTION
There are three main contributors to the situation: no more the rules of
shortage are applicable, technology has rendered modifying the laws of
supply and demand, we live in a digital world, and the expanding
expenses related to the necessities of life have prompted us to look for
value and pleasure in alternative ways, social media, new generations
as millennials and generation Z desires experiences that can be shared
platforms as Instagram, Snapchat or Facebook are the main platforms
to share experiences rather than material possessions, all of this
contributors make the experiences a reality in which a service is
valuable. (Les Roches, 2022)
COVID-19 devastated the experience economy, quarantine initially had a
significant negative impact, but it was only a matter of time before
technology enabled the experience economy to emerge, albeit in other
ways (
https://citydestinationsalliance.eu/the-future-of-the-experience-
economy/
#:~:text=The%20future%20of%20the%20Experience%20Economy%20i
nvolves%20experience%20platforms%20–
%20genius,that%20will%20seem%20like%20superpowers. )
However, the experience economy has been growing for more than two
decades in constant exposure can cause “experience fatigue” in the
future which is why companies have to keep continue innovating with
new technology as digital experiences as 3D platforms or human
experiences such as pop us. (
https://www.pirelli.com/global/en-ww/life/what-s-the-future-of-
experience)
The results of the quantitative and qualitative primary research are going to
be discussed in the next section, in addition, an attempt is made to group
the results into themes to emphasise their relevance when analysing both
research methods in order to draw conclusions about the research themes.
To start with 33% of the people interviewed were late millennials in order to
study their consumer behaviour within the luxury travel industry previously
mentioned in the literature review , since as seeing in the literature review
generations consume in different ways the luxury travel.
Only the 21,4 % of people interviewed were generation X and 18.4 % were
generation Z .
61,2 % of the people interviewed were females and 38.8 % were males.
When asked what were the preferred modes of transportation 78,6 % of the
people interviewed responded plane , according to the shaping the future of
luxury travel the “global consumers are becoming more affluent”.
27,2 % preferred train , 9.7 % preferred the boat as a way of transportation
and 12,6 % preferred other ways of transportations as private jets or private
yacht.
Table 1
INTERVIEWERS INTRODUCE STRATEGIES Challenges THE FUTURE OF
THEMSELFVES LUXURY TRAVEL
Discussing the last topic about the future of the luxury travel
industry the four interviewees had different and similar points
of view.
Interviewee A believes that the future of the luxury travel
industry is in wealthy people since she claims that every year
this industry is becoming more expensive and with that more
exclusive so not everyone can afford this type of travel, even
though interviewee A assume that technology is going to take
a huge part in this industry since the demanding of new types
and ways of experiences are in constant change and that she
can see already a huge impact of the technology nowadays, as
interviewee A, interviewee B and D agree with the fact of
technology applying in the industry; respondent B ensure that
even in the company of Dani Garcia try to stay authentic by
taking for example notes in the traditional way it is very
difficult to not apply technology to have faster service and to
make good communication between departments.
Respondent D sees technology as the only way to ensure
progress in the luxury travel market as she ensures that the
market has to grow in a more futuristic way.
Interviewee C was the only to have a different point of view
with this topic , her answer was that the only thing that the
future of luxury travel is going to be is the exclusivity that
companies and services are going to provide to their clients.