Part 6/10:
A record number of private jet flights—3.3 million globally—illustrates the booming demand for luxury air travel. Companies like Wheels Up and NetJets have simplified the charter process, allowing more people to access private flights. However, this surge in demand has created a capacity crunch, leaving ultra-wealthy travelers increasingly frustrated with the availability and rising costs of private aviation services.
The travel dynamics also parallel the superyacht industry, where increased ownership has further pushed the wealthiest individuals out of conventional recreational options. To maintain exclusivity, they are moving towards private yachts, ensuring bespoke experiences away from the constraints of the land-based luxury market.