Press release
Luxury Travel Market Growing Rapidly by Top Vendors like LLC, Cox & Kings Ltd, Travcoa, Micato Safaris, Ker & Downey, Tauck, Thomas Cook Group PLC, Scott Dunn Ltd, Kensington Tours, and Butterfield & Robinson Inc.
Luxury Travel Market
Report Consultants forecasts the Luxury travel market is expected to reach at US$+1,154 billion by 2026, registering a CAGR of +6.4% during the forecast period 2018-2026.
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Top Key Players of Luxury Travel Market:
• TUI Group,
• Thomas Cook Group,
• Jet2 Holidays,
• Cox & Kings Ltd,
• Lindblad Expeditions,
• Travcoa,
• Scott Dunn,
• Abercrombie & Kent Ltd,
• Micato Safaris,
• Tauck,
• Al Tayyar,
• Backroads,
• Zicasso,
• Exodus Travels,
• Butterfield & Robinson
The report provides a brief timeline for each segment of the global luxury travel market. Key drivers and restraints impacting the market segments are also demonstrated precisely. It also helps in determining reasons for the progress of certain segments over others in the looming years. The overall market is also segmented on the basis of geography in the United States, Europe, India, Japan, China, and Southeast Asia. The geographical segmentation provides a distinct assessment of the factors supporting these regions, the favorable regulatory policies, and the impact of the political frameworks.
Luxury Travel Market segment by Type, the product can be split into
• Customized and Private Vacation
• Adventure and Safari
• Cruise/Ship Expedition
• Small Group Journey
• Celebration and Special Event
• Others
Luxury Travel Market segment by Application, split into
• Millennial
• Generation X
• Baby Boomers
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Market drivers, restraints, and opportunities have been evaluated to explain the anticipated nature of investments and its impact on the global luxury travel market in terms of future prospects. Recent developments in terms of technological advancements have been described along with an in-depth analysis of their future plans. The report also depicts market shares of these global and regional players to provide recommendations to our clients so as to give a broad view of the potential opportunities these players bring into the industry.
Key Stakeholders of the Luxury Travel Market
• Luxury Travel Manufacturers
• Luxury Travel Distributors/Traders/Wholesalers
• Luxury Travel Subcomponent Manufacturers
• Industry Association
• Downstream Vendors
• Available Customizations
The key drivers of rising luxury travel trend include sheer inclination of people towards unique and exotic holiday experiences, increase in the middle & upper class disposable income & related expenditure, and growing need and interest of people to spend more time with family owing to increasingly hectic lifestyles.
In this study, the years considered to estimate the size of Luxury Travel Market are as follows:
History Year: 2013-2018
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
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