openPR Logo
Press release

Greece Luxury Travel Market Size to Grow at a CAGR 11.5% from 2021 to 2030

02-02-2023 08:12 AM CET | Tourism, Cars, Traffic

Press release from: Allied Market Research

Greece Luxury Travel Market Size to Grow at a CAGR 11.5% from 2021

The Greece luxury travel market size was valued at $767.8 million in 2020, and is projected to reach $2,736.7 million by 2030, registering a CAGR of 11.5% from 2021 to 2030.

Request Sample : https://www.alliedmarketresearch.com/request-sample/15996

The luxury travel market in Greece is a growing industry, as the country is known for its rich history, stunning beaches, and cultural attractions. The market caters to high-end travelers who are seeking exclusive experiences, such as private yacht charters, luxury villa rentals, and five-star hotels. Popular destinations for luxury travel in Greece include the Greek Islands, such as Santorini and Mykonos, and Athens, the capital city. The market is driven by factors such as increasing disposable incomes, favorable exchange rates, and the growth of the tourism industry in Greece. The government has also taken steps to promote luxury tourism in the country, with initiatives such as improving infrastructure and offering tax incentives to luxury tourism operators.

In recent years, the luxury travel market in Greece has been characterized by the following trends:

Increased demand for experiential travel:
Luxury travelers are seeking unique, personalized experiences that allow them to immerse themselves in local culture and traditions. Greece offers many opportunities for experiential travel, such as cooking classes, guided cultural tours, and wine tastings.

Growth of sustainable tourism:
There is a growing demand for eco-friendly and sustainable tourism experiences, and Greece has responded with luxury hotels and resorts that prioritize sustainability and environmental protection.

Focus on wellness:
The luxury travel market in Greece is seeing an increased focus on wellness, with travelers seeking out experiences that promote physical and mental well-being, such as yoga and meditation classes, spa treatments, and healthy dining options.

Growing popularity of the Greek Islands:
The Greek Islands continue to be a popular destination for luxury travel, with their stunning beaches, crystal-clear waters, and picturesque villages attracting high-end travelers from around the world.

Expansion of luxury accommodations:
The luxury accommodation sector in Greece is growing, with an increasing number of five-star hotels, luxury villas, and private island resorts being developed to meet the demands of the market.

Overall, the luxury travel market in Greece is poised for continued growth in the coming years, as the country continues to attract high-end travelers with its rich history, beautiful landscapes, and unique cultural experiences.

Purchase Enquiry : https://www.alliedmarketresearch.com/purchase-enquiry/15996

By type of tour, the adventure & safari segment was the highest revenue contributor in 2020, owing to the increased interest of people to explore new and exciting experiences while traveling. By type of traveler, the absolute luxury segment was the highest revenue contributor in 2020 and is expected to be the dominant segment during the forecast period. By age group, the baby boomer segment held the largest market Greece luxury travel market share in 2020.

Surge in high net-worth individuals (HNIs) and rise in aspirations of young and rich millennial are expected to majorly foster the market growth in Greece. Baby boomer and generation X are the major contributors in the Greece luxury travel market.

The surge in interest of people to explore new places and to have unique travel experiences have encouraged the market players to offer trips that connect the travelers to the local culture of the destination and explore the unknown acquaintance of the place and its people. However, changing socio-economic conditions threatens the growth of the market.

Market players are coming up with new customized trips and travel plans, which cater to the need of the travelers. Major companies such as Abercrombie & Kent Ltd., and Cox & Kings Ltd., have a strong team of experts, who have knowledge about the tourist places and assist the travelers in opting for the best trip

Business expansion, acquisition, partnership, product launch, merger, and agreement are the primary strategies employed by market players. The key players in the Greece luxury travel industry include Abercrombie & Kent Ltd, Cox and Kings Ltd, TUI group, Micato Safaris, Ker and Downey, Tauck, Thomas Cook Group, Scott Dunn Ltd, Kensington Tours, and Butterfield & Robinson Inc.

Direct Purchase : https://www.alliedmarketresearch.com/checkout-final/7a9732ed63a56eadd6e1500942caee55

Key findings of the study

The Greece luxury travel market was valued at $767.8 million in 2020, and is projected to reach $2,736.7 million by 2030, registering a CAGR of 11.5% from 2021 to 2030.

By type of tour, the adventure & safari segment was the highest contributor to the market, with $341.4 million in 2020, and is estimated to reach $1,153.8 million by 2030, at a CAGR of 10.9% during the forecast period.

By type of traveler, the absolute luxury segment was the highest contributor to the market, with $474.2 million in 2020, and is estimated to reach $1,716.5 million by 2030, at a CAGR of 11.6% during the forecast period.

By age group, the baby boomer segment was the highest contributor to the market, with $286.2 million in 2020, and is estimated to reach $1,003.3 million by 2030, at a CAGR of 11.3% during the forecast period.

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):+1-800-792-5285, +1-503-894-6022
UK:+44-845-528-1300
Hong Kong:+852-301-84916
India (Pune):+91-20-66346060
Fax:+1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/consumer-goods
Follow Us on Blog: https://www.dailyreportsworld.com

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Greece Luxury Travel Market Size to Grow at a CAGR 11.5% from 2021 to 2030 here

News-ID: 2909658 • Views:

More Releases from Allied Market Research

Home Exercise Bike Market is expected to witness robust Compound Annual Growth Rate (CAGR) progress of 8.7% from 2021 to 2027.
Home Exercise Bike Market is expected to witness robust Compound Annual Growth R …
According to a new report published by Allied Market Research, titled, "Home Exercise Bike Market by Type, and Sales Channel: Opportunity Analysis and Industry Forecast, 2021-2027," The global home exercise bike market size was valued at $1,213.5 million in 2019, and is projected to reach $2,335.2 million by 2027, registering a CAGR of 8.7% from 2021 to 2027. The recumbent segment is expected to retain its dominant position, in terms
Rapidly expanding entertainment products industry is set to drive the growth of the $103.8 billion Toys market ; Ravensburger AG, Tomy Company, Ltd, Vtech Holdings, and Thames & Kosmos.
Rapidly expanding entertainment products industry is set to drive the growth of …
According to a new report published by Allied Market Research, titled, "Toys Market by Product Type, Age Group and Sales Channel: Opportunity Analysis and Industry Forecast, 2021-2027," the toys market size was $92.2 billion in 2019, and is projected reach $103.8 billion by 2027, registering a CAGR of 2.5% from 2021 to 2027. The increase in number of games bars, cafes and family entertainment centers worldwide is boosting the demand for
Global Home Beer Brewing Machine Market is expected to reach $25.4 million by the year 2030, as projected by Allied Market Research.
Global Home Beer Brewing Machine Market is expected to reach $25.4 million by th …
According to a new report published by Allied Market Research, titled, "home beer brewing machine market by product type, mechanism, and distribution channel: global opportunity analysis and industry forecast, 2021-2030," The global home beer brewing machine market size was valued at $19.1 million in 2020, and is projected to reach $25.4 million by 2030, registering a CAGR of 3.0% from 2021 to 2030. Request a report sample to gain comprehensive insights
Hospitality Robots Market is forecasted to grow at a Compound Annual Growth Rate (CAGR) of 25.5% through the year 2030, according to Allied Market Research.
Hospitality Robots Market is forecasted to grow at a Compound Annual Growth Rate …
According to a new report published by Allied Market Research, titled, "Hospitality Robots Market by Type, End User, Sales Channel and Region: Global Opportunity Analysis and Industry Forecast, 2021-2030," The global hospitality robots market size is expected to reach $3,083 million by 2030 at a CAGR of 25.5% from 2021 to 2030. Hospitality Robots Market by Type (Front Desk Robots, Delivery Robots, Cleaning Robots and Others) and end user (Hotels,

All 5 Releases


More Releases for Greece

Greece Agriculture Market, Greece Agriculture Industry, Greece Agriculture Dairy …
Greece agricultural sector suffers from an absence of the many natural resources. About 70 percent of the land cannot be cultivated owing to poor soil or as a result of its enclosed by forests. Agriculture is focused within the plains of Thessaly, Macedonia, and Thrace, where corn, wheat, barley, sugar beets, cotton, and tobacco are harvested. Greece's low downfall, its rural land possession system, and also the expatriation of the agricultural community
Electric Hummer in Greece - Businessman Athanasios Lazanas plans to built electr …
Greek entrepreneur Athanasios Lazanas is planning to invest up to 100 million euros in the Greek economy, with his flagship project being the construction of an electric vehicles plant. Lazanas restructured many enterprises before acquiring Arclif, a holdings company through which he is planning to create the first electric car factory in Greece. Arclif was better known for its holdings in Facebook and Spotify before they were listed, while in 2011-14
Health and Wellness Market in Greece
Summary Orbis Research delivers key insights on the Health and Wellness market in a new report titled “Health and Wellness in Greece“In this report, Orbis Research sheds light on the various factors and trends impacting market growth over the forecast Description While the ongoing recession and shrinking disposable incomes had a direct and negative impact upon health and wellness Industry sales growth, the fact that both manufacturers and retailers invested heavily in
Agrochemicals Market in Greece
ReportsWorldwide has announced the addition of a new report title Greece: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “Greece: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A
The Financial Crisis in Greece
Dominating the headlines, the financial crisis in Greece has resulted in split opinions and the effects it will have in Britain and across Europe. There are now worries about Italy, as their banks stocks were suspended on Friday following a steep drop in their share prices. There are also concerns that Italian banks face possible ratings downgrades. The Duetsche Bank said: “The recent weakness has put Italy's structural problem in focus. This
Luxury Beach Villas in Zakynthos Greece
Paradisso Beach Villas in Zakynthos is an idyllic retreat for guests looking for a stunning contemporary example of majestic architecture mixed with incredible surroundings, colours and views. Athens, Greece, April 18, 2011 (PressReleasePoint) -- Zakynthos Island also known as Zante, is the southernmost and third largest in both size and population of the Ionian Islands. It is situated 8,5 nautical miles south of Kefalonia, 9,5 nautical miles west of the Peloponese