Luxury travel market normalizes after pandemic rebound

View profile for Rodrigo Esponda Cascajares

Managing Director/ Director General @ Los Cabos Tourism Board

The global travel and tourism industry has long been a bellwether of economic confidence and social stability. Few sectors were more disrupted by COVID-19, and few staged such a remarkable rebound in the years immediately after. By 2022 and 2023, pent-up demand had unleashed record-breaking growth. Luxury resorts were fully booked, international air traffic surged, and high-end segments such as private aviation and celebratory travel weddings, milestone birthdays, and corporate events saw unprecedented expansion. Yet, as we progress through 2025, the industry has entered a new phase of normalization. The extraordinary rebound has tempered, and signs of recalibration are visible across multiple segments. Even the luxury travel market, once seemingly impervious to global volatility, has shown declines compared to 2024 levels, particularly in bookings for holiday seasons and special celebrations. This shift raises important questions about the resilience of demand and the structural changes shaping the sector. Read the rest of the opinion piece following the link.

Saúl Reyna

Partnerships & Public Relations Manager at Maritur | Luxury Travel & Destination Management

2mo

Thank you for sharing this perspective, Rodrigo Esponda Cascajares At Maritur we see this recalibration as a chance to strengthen resilience and innovation across our industry. Destinations like Los Cabos continue to demonstrate the power of strategic vision in luxury travel, and we are proud to walk alongside FITURCA in this journey.

Michael Schron

Marketing/Planning/Business Development for MICE, Business Events & Destination Management; experienced Financial Analyst

2mo

Very well-written Rodrigo, people sometimes forget that the Covid disruptions had a "long tail" and the new normal for tourism and the hospitality sector is still a bit unsettled. Saludos from the Connecticut shoreline!

Caroline Membreño

Luxury Hospitality Strategist | Founder, House of Querida — Mexico’s Premier Boutique House of Artisanal Amenities & Cultural Fragrance.

1mo

Resilience in Mexico has never been about numbers alone it’s cultural. Guests don’t just return for amenities, they return for identity and ritual. That’s the strength no volatility can erase. 💫

Like
Reply
Manuel Lozano

Founder @ Expo Renta Vacacional® | ExpoRV® | Mexico & LATAM Vacation Rental Conference | Founder APAR - Asociación de Administradores Profesionales de Renta Vacacional

1mo

Felicidades por el artículo Rodrigo Esponda Cascajares

Like
Reply
Sandra Reed

Golf Americas delivers added value by connecting destinations, travelers, and companies through the shared experience of golf.

1mo

Gracias por compartir, Rodrigo, muy interesante. Saludos.

Like
Reply
Dermot Brady

Chief Executive Officer @ Which Duty Free ltd | Expertise in Duty Free shopping

2mo

Wow

  • No alternative text description for this image
Like
Reply
See more comments

To view or add a comment, sign in

Explore content categories