By  on October 19, 2017

Millennials may be prioritizing travel over handbag purchases, but one accessory is thriving as a result — luggage.

The sector — valued at more than $30 billion — is experiencing steady single-digit growth, buoyed by an increase in travel worldwide. A shift in spending culture — away from material objects and toward experiences — is not the industry’s only stepping stone. Populous regions where newly minted members of the middle class have begun exploring travel for the first time have provided the luggage industry with a host of new markets.

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