Bitcoin tycoons drive luxury travel boom, private jets and cruises accept encryption payments.

[Chain News] On August 31, it was reported that with the surge in Bitcoin prices, wealthy young entrepreneurs have triggered a boom in the global luxury travel market, and more private jet and ultra-luxury cruise operators are beginning to accept Crypto Assets payments. According to McKinsey's analysis, spending on luxury travel by individuals aged 30 to 40 was $28 billion in 2023, and it is expected to reach $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 Crypto Assets payments. The ticket price from Farnborough Airport near London to New York City is approximately $80,000. Ricci mentioned 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 planes. We save them time, and time is the most precious luxury."

Virgin Voyages, a luxury cruise company, now allows the purchase of its $120,000 annual pass using 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 payments. Boutique hotel groups, including the Kessler Collection in the U.S. and the Pavilion Hotel and Resorts in Hong Kong, also accept tokens such as Dogecoin, Litecoin, and Ethereum.