Luxury Travel Market Driven by Recent Industry Trends and Increasing Demands | TUI Group, Thomas Cook Group, Jet2 Holidays..

Research Report Inc. recently published an informational report entitled "Luxury Travel Market”. Luxury travel today is defined less by the number of potential customers, Michelin stars and more when they reach people, places and experiences that represent everything that is authentic about the destination. The growing trend of people towards unique and exotic holiday experiences, the increase in middle, upper and middle class spending and the increase in the impact of social networks on the travel industry are the main factors that drive market growth. The increase in new emerging destinations along with the increase in service standards in the travel industry is expected to increase travel demand worldwide. Over the next five years, Luxury Travel market will register a 8.5% CAGR in terms of revenue, reach US$ 8460 million by 2024, from US$ 5200 million in 2018.

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The Luxury travel Market report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall Luxury travel Market has also been forecasted for the period 2019-2024, taking into consideration the previous growth patterns, the growth drivers and the current and future trends. The report will also offer small industry opportunities for stakeholders to invest along with detailed analysis of the competitive landscape and product offerings of key stakeholders.

Major Market Players Covered In This Report:

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

Acquisition, effective mergers and ongoing technological innovations are some of the strategies adopted by leading manufacturers. The launch of new products is also one of the key strategies adopted by the key players.

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The specified segments and sub-sections of the market are explained below:

By Product Type:

Customized and Private Vacation
Adventure and Safari
Small Group Journey
Celebration and Special Event
Others

By Application:

Millennial
Generation X
Baby Boomers

Also the market is segmented by region: Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Russia, Spain, Middle East & Africa, Egypt, South Africa, Israel, Turkey & others.

This report highlights market dynamics involving factors driving the current industry scenario, as well as market growth opportunities in the coming years. Market segmentation analysis was performed through qualitative and quantitative research, demonstrating the impact of economic and non-economic aspects.

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Research objectives

To study and analyze the global consumption of Luxury Travel (value and size) by key regions/countries, product and application type, record data from 2014 to 2018, and projections to 2024.
To understand the structure of Luxury Travel market by identifying its various subsegments.
Focuses on the key global Luxury Travel manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Luxury Travel with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

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This release was published on openPR.