Press release
Luxury Travel Market is estimated to grow at a CAGR of 11.2 percent during forecast period and is expected to reach USD 2728.80 Bn by 2029.
Luxury Travel Market
Luxury Travel Market Scope and Research Methodology
The Luxury Travel Market report provides the comprehensive analysis of the current and future trends in the industry, market drivers, challenges and competitive landscapes of the market. The report covers the key competition of the market by analyzing the key profiles, annual reports, financial performances, product portfolios and their regional presence. The Luxury Travel Market report provides analysis on the different segments such as types of tours, type of traveler and age group to understand the market thoroughly. The report includes the in-depth analysis of the market structure, market dynamics, market share and size, global revenue generated in the Luxury Travel Market. The primary and secondary collected from many telephonic interviews and surveys as well as the paid and free databases is analyzed thoroughly by research tools such SWOT, PESTLE and PORTER's five forces to get an idea of the market's strengths, weakness, challenges and upcoming opportunities.
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Luxury Travel Market Dynamics
The attraction of the population towards the unique and exotic vacations experiences is expected to drive the Luxury Travel Market's growth significantly during the forecasted period 2022-2029. The population from middle and upper class have increased the spending which encouraged individuals to travel for exploring new places which is driving the growth of the global Luxury Travel Market. The new advancements of the technology has increased customer trust for online bookings with use of the digital devices such as smart phones and computers which leads to growth of the Luxury Travel Market simultaneously with Global Travel market. The Luxury Travel Market's growth is expected to be restrained by the expensive costs of the packages and high waiting periods limits the growth of the Luxury Travel Market.
Luxury Travel Market Regional Insights
The Europe has registered the largest market share for the Luxury Travel industry in 2021 and is estimated to grow significantly during the forecast period. The European and North American regions are the most popular places for the Luxury Travel Market. The North American countries such US, Canada and Mexico are growing significantly due to popularity for the luxury travels and most outbound trips. The Asia Pacific region is also driving the rest of the Luxury Travel Market due to popular places in countries such China, Singapore and India.
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Luxury Travel Market Segmentation
By Types of Tour
• Customized and Private Vacations
• Adventure & Safari
• Cruise/Ship Expedition
• Small Group Journey
• Celebration and Special Events
• Culinary Travel and Shopping
By Age Group
• Millennials
• Generation X
• Baby Boomers
• Silver Hair
By Type of Traveler
• Absolute luxury
• Aspiring luxury
• Accessible luxury
Luxury Travel Market Key Players
• Abercrombie & Kent USA, LLC (US)
• Virtuoso, Ltd. (US)
• Micato Safaris, Inc. (US)
• Ker & Downey (US)
• Tauck, Inc. (US)
• BLACK TOMATO GROUP (US)
• Kensington Tours Ltd. (US)
• Zicasso, Inc. (US)
• Backroads (US)
• Lindblad Expeditions (US)
• Asia Transpacific Journeys (US)
• Journeys 360 Travel (US)
• Ovation Travel Group (US)
• Exodus Travels (Canada)
• Butterfield & Robinson Inc (Canada)
• TUI Group (Germany)
• Scott Dunn Ltd (UK)
• Voyage Prive (UK)
• Wexas Limited (UK)
• Thomas Cook Group Plc (UK)
• Mlkjets (UK)
• BubbleGlobe (France)
• CellerTours (Spain)
• So Me Travel (Austria)
• Cox & Kings Ltd (India)
• Lightfoot Travel (Singapore)
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Table of Content for Global Luxury Travel Market:
1. Global Luxury Travel Market: Research Methodology
2. Global Luxury Travel Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. Global Luxury Travel Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M& A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4. Global Luxury Travel Market Segmentation
Global Market, by Types of Tour (2021-2029)
Global Market, by Age Group (2021-2029)
Global Market, by Type of Traveler (2021-2029)
5. Regional AI Recruitment Market (2021-2029)
Regional Market, by Types of Tour (2021-2029)
Regional Market, by Age Group (2021-2029)
Regional Market, by Type of Traveler (2021-2029)
Regional Market, by Country (2021-2029)
6. Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by End-users, Product, Application
Competitive Landscape - Profiles of selected key players by region in a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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