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Luxury Travel market Expected to reach 9920 million US$ by 2025, with a CAGR of 8.4% | TUI Group, Thomas Cook Group, Jet2 Holidays, Cox & Kings, Lindblad Expeditions, Travcoa, Scott Dunn
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In 2017, the global Luxury Travel market size was 5200 million US$ and it is expected to reach 9920 million US$ by the end of 2025, with a CAGR of 8.4% during 2018-2025.
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This report focuses on the global Luxury Travel status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Luxury Travel development in United States, Europe and China.
Luxury travel today is defined less by thread count and Michelin stars and more by access to the people, places and experiences that represent all that is authentic about a destination. There’s no denying that comfort factors still apply and high standards of accommodation and dining will always feature on the luxury traveller’s wish list. However, today’s luxury traveller seeks more depth of understanding and immersion into local culture than ever before. People don’t just want to see – they want to participate. The sales process is also critical and whilst the online proposition can be an asset in terms of booking more simple arrangements, clients looking for luxury experiential travel require a deep level of sophisticated knowledge and confidence during the sales process.
Growing inclination of people towards unique and exotic holiday experiences, rise in middle and upper middle class spending and the increasing impact of social media on travel industry are the key factors that drive the market growth. Emerging new destinations coupled with rising service standards in the travel industry, is anticipated to further drive the demand for luxury travel, globally.
The key players covered in this study:
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
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
Market segment by Application, split into
Millennial
Generation X
Baby Boomers
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Table of Contents
1 Report Overview
2 Global Growth Trends
3 Market Share by Key Players
4 Breakdown Data by Type and Application
5 United States
6 Europe
7 China
8 Japan
9 Southeast Asia
10 India
11 Central & South America
12 International Players Profiles
13 Market Forecast 2018-2025
14 Analyst's Viewpoints/Conclusions
15 Appendix
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Pune, India
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