Press release
Global Luxury Travel Market, Outlook and Forecast to 2019-2025: Analyzed by Business Growth, Development Factors, Applications, and Future Prospects
Luxury Travel Market,
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.
In 2018, 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 2019-2025.
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.
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
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Market segment by Application, split into
• Millennial
• Generation X
• Baby Boomers
Market segment by Regions/Countries, this report covers
• United States
• Europe
• China
• Japan
• Southeast Asia
• India
• Central & South America
The study objectives of this report are:
• To analyze global Luxury Travel status, future forecast, growth opportunity, key market and key players.
• To present the Luxury Travel development in United States, Europe and China.
• To strategically profile the key players and comprehensively analyze their development plan and strategies.
• To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Luxury Travel are as follows:
• History Year: 2014-2018
• Base Year: 2018
• Estimated Year: 2019
• Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million US$) and volume (K Pcs). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Luxury Travel market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
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Having such an experienced network, our services not only cater to the client who wants the basic reference of market numbers and related high growth areas in the demand side, but also we provide detailed and granular information using which the client can definitely plan the strategies with respect to both supply and demand side.
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