Are luxury vinyl planks better than laminate?

Vinyl planks are more water resistant than laminate and are therefore a better choice for a kitchen or basement floor. Though it looks similar to laminate, vinyl is built differently to be water resistant, and even waterproof, with WPC/SPC cores. Laminate, however, is less expensive than luxury vinyl. Both floors come in several looks and colors, are easy to clean, and are extremely durable.