Press release
Luxury Travel Market Demand and Key Players by 2022: Abercrombie & Kent USA, LLC, Cox & Kings, Travcoa, Micato Safaris, Ker & Downey, Tauck, Thomas Cook Group PLC
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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.
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Companies Profiled in this report includes: Abercrombie & Kent USA, LLC, Cox & Kings Ltd, Travcoa, Micato Safaris, Ker & Downey, Tauck, Thomas Cook Group PLC, Scott Dunn Ltd, Kensington Tours, Butterfield & Robinson Inc.
The luxury travel market is segmented on the basis of types of tours, age groups, types of travelers, and geography. In accordance to travelers' type, the luxury travel market comprises absolute luxury, aspiring luxury, and accessible luxury. Based on the age group, the market is segmented into millennial, generation x, baby boomers, and silver hair. Types of tour segment comprises customized & private vacations, adventure & safari, cruise/ship expedition, small group journey, celebration & special events, and culinary travel & shopping. Based on geography, the market is segmented into North America (U.S., Canada, and Mexico), Europe (Germany, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, India, Singapore, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
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Key benefits
The study provides an in-depth analysis of the luxury travel market with current trends and future scenarios to elucidate the imminent investment pockets.
Current trends and future estimations are outlined to determine the overall attractiveness and to single out profitable trends to gain a stronger foothold in the market.
The report offers information about key drivers, restraints, and opportunities with a detailed impact analysis.
Quantitative analysis of the current market and estimations from 2015 to 2022 is provided to showcase the financial competency.
Porter's Five Forces model of the industry illustrate the potency of the buyers and suppliers.
Value chain analysis provides a clear understanding of the roles of stakeholders involved.
Table of Content:
CHAPTER 1 INTRODUCTION
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 MARKET OVERVIEW
CHAPTER 4 WORLD LUXURY TRAVEL MARKET, BY TYPES OF TOUR
CHAPTER 5 WORLD LUXURY TRAVEL MARKET, BY AGE GROUP
CHAPTER 6 LUXURY TRAVEL MARKET, BY TYPES OF TRAVELER
CHAPTER 7 LUXURY TRAVEL MARKET, BY GEOGRAPHY
CHAPTER 8 COMPANY PROFILES
8.1 TUI GROUP
8.2 Thomas Cook
8.3 Cox and Kings
8.4 Abercrombie & Kent USA, LLC
8.5 Butterfield & Robinson
8.6 Tauck
8.7 Travcoa
8.8 Micato Safari
8.9 Ker and Downey
8.10 Kensington Tours
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