Travelers in 2020 are seizing the day and prioritizing trips now, powered by the belief that customized experiences are the best investment of their money and time, according to the latest Virtuoso Luxe Report.

"Carpe diem" travel is fueling the desire to savor as many new destinations and exciting experiences as possible in more authentic ways.

While travelers still want to journey in comfort, the new definition of luxury is personalized adventures shared with family and friends.