Jakarta, Pintu News – A new wave of wealth from crypto markets is beginning to change the face of the global luxury travel industry. Operators of private jets to exclusive yachts are increasingly accepting payments using cryptocurrency.
This phenomenon was driven by the surge in the price of Bitcoin (BTC), which set a new record at $124,000 or around Rp2.03 billion per coin.
The price hike has spawned a new generation of young millionaires hungry for exclusive experiences. They seek not only convenience, but also speed, flexibility and instant access to ultra-premium services. With this trend, the luxury travel sector appears increasingly closely linked to the development of the cryptocurrency market.
FXAIR, the private jet company under Flexjet, is one of the pioneers to accept crypto payments. The one-way London-New York fare of $80,000 or around Rp1.31 billion can now be paid with Bitcoin.
According to Kenn Ricci, the company’s chairman, the surge in demand has come from young crypto entrepreneurs who value time as “the most precious luxury”.
In the marine sector, Virgin Voyages offers an annual pass worth $120,000 or around Rp1.96 billion in crypto. While SeaDream Yacht Club, known for its nearly 1:1 crew to guest ratio, has also started accepting Bitcoin payments.
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A McKinsey report said travelers aged 30-40 spent $28 billion on luxury travel in 2023. That figure is projected to nearly double to $54 billion by 2028, with major contributions from the cryptocurrency community. This shows that the purchasing power of the younger crypto generation is becoming the new motor for the exclusive travel industry.
This trend also extends to boutique hotels and the luxury goods market. The Kessler Collection to The Pavilions Hotels now accept Ethereum (ETH), Dogecoin (DOGE), and Litecoin (LTC) as payment methods.
On the other hand, watch marketplace Kettle has seen a surge in Bitcoin and Solana (SOL) payments. This generation no longer defines luxury by champagne and caviar, but by flexibility, speed and exclusive experiences.
The adoption of crypto in the luxury travel sector marks a major shift in the industry. From private jets to cruise ships, more and more operators are opening up access to cryptocurrency payments. With the explosion of new wealth from Bitcoin and other digital assets, this trend is expected to strengthen crypto’s role in shaping the new standards of luxury travel.
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