They re most likely to spend their pandemic savings on travel, and they re already doing so on
luxury travel.
economy, which needs the wealthy to spend to get back on its feet.
Wealthy millennials are busy booking tickets and packing their bags.
High-income millennials are set to drive the post-pandemic travel boom, according to a new survey from Accenture and TripAdvisor that polled 1,000 Americans. It defined millennial high earners as those raking in at least $100,000 a year. This cohort is most likely to spend big on travel this year, comprising the highest rate of luxury bookings (trips costing at least $5,000) among all other generations surveyed.
DaniloAndjus/Getty Images
They re most likely to spend their pandemic savings on travel, and they re already doing so on luxury travel.
It s a good sign for the economy, which needs the wealthy to spend to get back on its feet.
Wealthy millennials are busy booking tickets and packing their bags.
High-income millennials are set to drive the post-pandemic travel boom, according to a new survey from Accenture and TripAdvisor that polled 1,000 Americans. It defined millennial high earners as those raking in at least $100,000 a year. This cohort is most likely to spend big on travel this year, comprising the highest rate of luxury bookings (trips costing at least $5,000) among all other generations surveyed.
India’s CRED valued at $2.2 billion in new $215 million fundraise
Two-year-old CRED has become the youngest Indian startup to be valued at $2 billion or higher.
Bangalore-based CRED said on Tuesday it has raised $215 million in a new funding round a Series D that valued the Indian startup at $2.2 billion (post-money), up from about $800 million valuation in the $81 million Series C round in January this year.
New investor Falcon Edge Capital and existing investor Coatue Management led the new round. Insight Partners and existing investors DST Global, RTP Global, Tiger Global, Greenoaks Capital, Dragoneer Investment Group, and Sofina also participated in Series D, which brings CRED’s total to-date raise to about $443 million.
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