With Far-Eastern tourists becoming more extravagant, and Western visitors searching for authenticity, luxury hospitality is undergoing a difficult transformation. The solution, for the Waldorf Astoria Group, is to offer a new gastronomic experience that celebrates the brand’s heritage yet offers a series of new iconic dishes to attract fine-dining travellers.

As travellers, we’re now more savvy and time-precious than ever before. We love short city breaks more than two weeks in the sun and prefer living like a local to holing up in hotels. Our holiday habits have changed dramatically, but how has our approach to booking a vacation shifted?

Spending on luxury travel hit a $460 billion high in 2014. As more people desire a slice of the high life, will Skytime Jets’ pay-as-you-go private jet hire be a hit? Is elite air travel set to become more accessible than ever? And how are such schemes shaping the future of luxury travel?

The ‘sharing economy’ has taken the travel industry by storm. Now, ‘collaborative consumption’ is going luxe. But what does this shift mean for luxury travel? Will exclusive clubs and networks formerly accessible only to the super-wealthy become the new norm?