With Wealthy Russians Laying Low, Americans Have Taken Over as Travel’s Biggest Spenders

Luxury travel experts reveal where their American clients are going this summer—and why they are willing to pay high rates to do so.

owned by Kremlin-affiliated individuals have been seized as well. While they account for a low portion of total tourism in terms of actual numbers, wealthy Russians have long accounted for a lot of the spending in places Monaco, St. Tropez, Portofino and Amalfi. Now, that role is being filled by Americans.. “They’re filling the Mediterranean hotspots at ridiculously inflated rates, and they cannot seem to get enough of it.

“Spending is up anywhere between 25-percent and 60-percent in terms of the same vacations clients booked for the last three years,” she says. “They want what they want in terms of top suites, experiences or the best tickets to events like the Monaco Grand Prix, Art Basel or the Open.” “Getting a hotel room in the top European destinations this year is like getting toilet paper in a supermarket during Covid,” Ezon laughs. “They’re so desperate to take it that nobody’s asking questions about prices.”quality service

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