In recent years, a substantial wave of investment into the travel industry, totaling billions of dollars, has surged through the fashion industry. This trend is not limited to luxury fashion brands alone; it includes various companies with sizable budgets that have ventured into the travel industry, establishing their own travel agencies under their brand names. Notable examples include retail giants like Costco and the French retailor Carrefour, as well as companies from diverse industry verticals, such as Trek Bicycles, American Express, Aller Media, among many others.
On the other side the hotel industry has witnessed a similar wave – fashion brands making their mark in the travel industry. From Tommy Bahama's upcoming resort in Southern California to Elle's elegant boutique hotel in the heart of Paris, fashion-inspired hotels are spreading throughout the travel world.
Today, brands are exploring new ways to deliver a brand experience, and YBT makes it possible for everyone.
"Fashion has evolved into a way of life, encompassing not only clothing but also the places we stay, dine, and travel to" Giorgio Armani
Brands are increasingly investing in the travel industry as it offers a unique opportunity to extend their influence and engage with consumers in a comprehensive and immersive manner. Just as Giorgio Armani expressed when launching his collection of hotels and resorts, "fashion has evolved into a way of life, encompassing not only clothing but also the places we stay, dine, and travel to".
By entering the travel industry, brands can create a seamless lifestyle experience for their customers. This strategic expansion allows brands to connect with their audience on a deeper level, fostering brand loyalty and providing a platform for consumers to fully immerse themselves in the brand's philosophy and style, ultimately resulting in a more enriching and memorable brand experience.
But this trend is about more than just fashion; it aligns with the vision of Your Brand Travel (YBT) and the idea of seamless integration between product and travel. At its core, this trend is about enhancing brand value and YBT is making it accessible to a wider range of brands, all while maintaining cost-effectiveness, branded customer service, sustainability and scalability.