Luxury Travel Market: Know What's Working for Industry | TUI Group, Thomas Cook Group, Jet2 Holidays, Cox & Kings Ltd, Lindblad Expeditions, Travcoa
Scope of the Report:
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.
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The Small Group Journey segment accounted for about 44% of the overall luxury travel market revenue, by tour type in 2015, as this is identified as the most popular vacation option among young and middle age group travelers. In addition, Customized and Private Vacation aimed at culinary and shopping, would witness the fastest growth, registering a CAGR of 9.1% during the forecast period. An increasing number of luxury travelers are indulging in these tours as they enable these travelers to experience the finest local delicacies and also buy some of the most exquisite handicrafts. These trips are getting popular among travelers of all age groups, especially the millennials (21 - 30 years). In 2015, approximately 45% of millennials took a trip based on culinary interest.
The global Luxury Travel market is valued at 5200 million USD in 2018 and is expected to reach 8460 million USD by the end of 2024, growing at a CAGR of 8.5% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Luxury Travel.
Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.
This report studies the Luxury Travel market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Luxury Travel market by product type and applications/end industries.
Market Segment by Companies, this report covers: 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, covers: Customized and Private Vacation, Adventure and Safari, Cruise/Ship Expedition, Small Group Journey, Celebration and Special Event, Others.
Market Segment by Applications, can be divided into: Millennial, Generation X, Baby Boomers.
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Table of Contents
1 Luxury Travel Market Overview
2 Manufacturers Profiles
2.1 TUI Group
2.1.1 Business Overview
2.1.2 Luxury Travel Type and Applications
126.96.36.199 Product A
188.8.131.52 Product B
2.1.3 TUI Group Luxury Travel Revenue, Gross Margin and Market Share (2017-2018)
3 Global Luxury Travel Market Competition, by Players
4 Global Luxury Travel Market Size by Regions
5 North America Luxury Travel Revenue by Countries
6 Europe Luxury Travel Revenue by Countries
7 Asia-Pacific Luxury Travel Revenue by Countries
8 South America Luxury Travel Revenue by Countries
9 Middle East and Africa Revenue Luxury Travel by Countries
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