Press release
Luxury Travel Market to reach USD 2,728.80 Bn by 2029, emerging at a CAGR of 11.2 percent and forecast 2023-2029
Luxury Travel Market
Luxury Travel Market valued at USD 1297.89 Billion in 2022, projected to reach USD 2,728.80 Billion by 2029, showcasing a CAGR of 11.2% during the forecast period.
Maximize Market Research Pvt Ltd unveils a comprehensive Luxury Travel Market Research Report covering market values, dynamics, segment analysis, and regional insights.
The report employs a robust research methodology to provide accurate and insightful market data, offering a reliable foundation for industry stakeholders.
Request a Free Sample Copy or View Report Summary:https://www.maximizemarketresearch.com/request-sample/121614
Luxury Travel Market Dynamics:
Modern travelers are seeking unique and exotic vacation destinations as an escape from their hectic daily routines, prioritizing private, serene, and culturally rich locales. Private islands have emerged as the top choice for luxury vacationers, providing an exclusive and tranquil retreat. Moreover, there is a growing interest among affluent tourists in culturally and traditionally fascinating places, reflecting a desire to immerse themselves in local customs and heritage.
Culinary tours have gained popularity among travelers seeking an authentic experience of local culture and daily life. According to a 2022 survey on the status of the food travel industry, 56% of millennials and younger individuals actively seek food or drink experiences while on their journeys. Additionally, 39% of initiatives combining food and travel are contributing to a rise in food-focused travel. This increasing demand for distinctive vacation experiences is anticipated to fuel growth in the luxury travel market.
Luxury Travel Market Regional Insights:
The luxury travel market is poised for substantial global expansion, with the Americas, Asia-Pacific, the Middle East, and Africa emerging as key growth hubs, fueled by increasing affluence and a burgeoning middle class. Notably, Europe and North America stand out as the preferred luxury travel destinations, experiencing a surge that outpaces other outbound travel sectors.
This growth phenomenon is predominantly driven by emerging market nations, including China, Hong Kong, India, and Malaysia. America and China, with approximately 9 million and 7 million luxury vacations annually, respectively, emerge as the largest source markets. In Europe, the British lead in luxury trips, surpassing Germany and France by 1.5 million trips. The outbound luxury travel ranking sees China at the forefront, followed by the U.S, Taiwan, Canada, and the UAE.
Request For Free Inquiry Report:https://www.maximizemarketresearch.com/inquiry-before-buying/121614
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
by Transportation Type
Air Transportation
Water Transportation
Land Transportation
by Booking Channel
Phone Booking
Online Booking
In Person Booking
Request a Free Sample Copy or View Report Summary:https://www.maximizemarketresearch.com/request-sample/121614
Luxury Travel Market Key Players:
1. Abercrombie & Kent USA, LLC (US)
2. Virtuoso, Ltd. (US)
3. Micato Safaris, Inc. (US)
4. Ker & Downey (US)
5. Tauck, Inc. (US)
6. BLACK TOMATO GROUP (US)
7. Kensington Tours Ltd. (US)
8. Zicasso, Inc. (US)
9. Backroads (US)
10.Lindblad Expeditions (US)
11.Asia Transpacific Journeys (US)
12.Journeys 360 Travel (US)
13.Ovation Travel Group (US)
14.Exodus Travels (Canada)
15.Butterfield & Robinson Inc (Canada)
16.TUI Group (Germany)
17.Scott Dunn Ltd (UK)
18.Voyage Prive (UK)
19.Wexas Limited (UK)
20.Thomas Cook Group Plc (UK)
21.Mlkjets (UK)
22.BubbleGlobe (France)
23.CellerTours (Spain)
24.So Me Travel (Austria)
25.Cox & Kings Ltd (India)
Get to Know More About This Market Study:https://www.maximizemarketresearch.com/market-report/global-luxury-travel-market/121614/
1.Global Luxury Travel Market: Research Methodology
2.Global Luxury Travel Market: Executive Summary
Market Overview and Definitions
Introduction to the 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 . Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from 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
Recommendations
Contact Maximize Market Research:
MAXIMIZE MARKET RESEARCH PVT. LTD.
⮝ 444 West Lake Street, Floor 17,
Chicago, IL, 60606, USA.
✆ +1 800 507 4489
✆ +91 9607365656
🖂 mailto:sales@maximizemarketresearch.com
🌐 https://www.maximizemarketresearch.com
About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of the majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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 Luxury Travel Market to reach USD 2,728.80 Bn by 2029, emerging at a CAGR of 11.2 percent and forecast 2023-2029 here
News-ID: 3286873 • Views: …
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.
Power Semiconductor Market to Reach USD 51.83 Billion by 2030 at 3.18% CAGR - Po …
According to a new report by Maximize Market Research, the global power semiconductor market was valued at USD 41.63 billion in 2023 and is projected to reach USD 51.83 billion by 2030, growing at a compound annual growth rate (CAGR) of 3.18% over the forecast period 2024-2030.
► Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/28191/
♦ Key Highlights
Market Size & CAGR: USD 41.63 Bn in 2023, expected to reach USD 51.83 Bn by…
Microneedle Drug Delivery Systems Market Set to Reach US $ 9.46 Billion by 2030 …
According to a new report by Maximize Market Research, the global microneedle drug delivery systems market was valued at roughly US $ 6.11 billion in 2024 and is projected to reach approximately US $ 9.46 billion by 2030, growing at a compound annual growth rate (CAGR) of around 7.7%.
► Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/215694/
♦ Key Highlights
Market size & CAGR: Estimated at ~US $ 6.11 billion in 2024, forecast to…
Automotive Paints Market Forecast to Reach USD 15.77 Billion by 2030 at 4.7 % CA …
According to a new report by Maximize Market Research, the global automotive paints market was valued at USD 10.85 billion in 2023 and is projected to reach USD 15.77 billion by 2030, growing at a CAGR of approximately 4.7 % during 2024-2030. The forecast covers global coatings used in vehicle manufacturing and refinish applications, with a focus on key regions such as Asia-Pacific, North America and Europe.
► Get a sample…
Petrochemicals Market Set to Reach USD 1,122.31 Billion by 2032 at a CAGR of 6.5 …
According to a new report by Maximize Market Research, the global petrochemicals market was valued at USD 678.13 billion in 2024 and is projected to reach USD 1,122.31 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.5% from 2025 to 2032. The growth is anchored in expanding demand across automotive, electronics, construction, and packaging industries.
► Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/126575/
♦ Key Highlights
Market size + CAGR:…
More Releases for Travel
Solo Travel Service Market Next Big Thing | Ftlo Travel, Weroad Travel, EL Camin …
The "Solo Travel Service - Market Development Outlook" Study has been added to AMA repository. The study envisage detailed qualitative as well as quantitative market data insights and follows Industry benchmark classification and NAICS standards to build strong players coverage in the study. Some of the major and emerging players identified are Exodus Travel (United Kingdom), G Adventures (Canada), Ftlo Travel (Canada), Weroad Travel (United Kingdom), EL Camino Travel (United…
Honeymoon Travel Market to Witness Remarkable Growth by 2029 | AAA Travel, World …
HTF MI introduces new research on Honeymoon Travel covering the micro level of analysis by competitors and key business segments (2023-2029). The Honeymoon Travel explores a comprehensive study of various segments like opportunities, size, development, innovation, sales, and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists of both qualitative and quantitative detailing. Some of the major key players profiled…
Travel Agencies Market Giants Spending Is Going To Boom | Carlson Wagonlit Trave …
Advance Market Analytics published a new research publication on "Global Travel Agencies Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study, you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market-associated stakeholders. The growth of the Travel Agencies market was mainly driven by the increasing R&D spending across the world.
Get Free Exclusive PDF Sample Copy of…
Educational Travel Market to See Competition Rise | STA Travel, Key Travel, Elli …
According to HTF Market Intelligence, the Global Educational Travel market to witness a CAGR of 17.01% during forecast period of 2023-2028. The market is segmented by Global Educational Travel Market Breakdown by Application (Primary School Students, Middle & High School Students, College Students) by Type (Below 3 Days, 3 to 7 Days, Above 7 Days) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Educational Travel market…
Excellent Growth of Business Travel Management Service Market Key Players- Carls …
“Business Travel Management Service Industry 2020 Market Research Report” A new report added by reportsandmarkets.com to its research database. Business Travel Management Service Market is segmented by Regions/Countries. All the key market aspects that influence the Business Travel Management Service market presently and will have an impact on it have been evaluated and propounded in the Business Travel Management Service market research status and development trends reviewed in the new…
Honeymoon Tourism Market Is Thriving Worldwide : China Travel, HRG North America …
A fresh market research study titled Honeymoon Tourism Market explores several significant facets related to Honeymoon Tourism Market covering industry environment, segmentation analysis, and competitive landscape. Realistic concepts of the market are mentioned in a simple and plain manner in this report. A comprehensive and elaborate primary analysis report highlights numerous facts such as development factors, business enhancement strategies, statistical growth, financial gain or loss to help readers and clients…
