Italy's new 'Orient Express' isn't running yet — but rates are already soaring

Luxury train enthusiasts may want to lock in the current rate now — before it climbs any higher.The train is set to start running in the spring of 2025, according to Accor, the French multinational hospitality company that operates the train.Accor did not directly answer CNBC's question as to the reason behind the steep price hike.However, again, the train isn't operating yet.

Rates for a deluxe cabin on Accor's La Dolce Vita Orient Express train have risen 75% since late 2022.Dave Goodger, managing director for Europe, the Middle East and Africa at Tourism Economics, an Oxford Economics company, said rising prices are caused by consumers' continued willingness to pay higher rates for luxury experiences. But, he said, that's likely not the only reason."Luxury travel demand is reflected in some continued price increases," he said.

Goodger called the La Dolce Vita train's price increase "something of an outlier," but also noted it's reflective of the unique service it provides.The "La Dolce Vita" train — which translates to "the sweet life" — channels the era of Italian glamour captured by Federico Fellini's famed 1960 movie of the same name.

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