Press release
Luxury Travel Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence
• The global Luxury Travel Market size was valued at USD 645.3 billion in 2022 growing at a CAGR of 8.9% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033
As per the study initiated by Evolve Business Intelligence, the global Luxury Travel Market size accounted for USD 645.3 Billion in 2022, growing at a CAGR of 8.9% from 2023 to 2033.
The luxury travel market refers to a segment of the travel industry that caters to individuals seeking high-end, exclusive, and often personalized travel experiences. This market is characterized by a focus on premium services, luxury accommodations, and unique, tailor-made itineraries. Luxury travelers typically prioritize comfort, sophistication, and exceptional service during their journeys.
Request/Download PDF Sample: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=021397
The Luxury Travel Market is primarily driven by the Increasing demand for personalized experiences. Luxury travelers are increasingly demanding personalized travel experiences that are tailored to their individual needs and interests. This includes everything from bespoke itineraries and private tours to access to exclusive events and amenities.
Key Players
Some of the major Luxury Travel Market players holding high market shares include Travelopia Holdings Limited, Scott Dunn Ltd., Zicasso, Inc., Kensington Tours, Thomas Cook India Ltd. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Butterfield & Robinson Inc., Tauck, Inc., Abercrombie & Kent USA, LLC, TUI Group, Micato Safaris.
Report Description: https://evolvebi.com/report/luxury-travel-market-analysis-2021-2028/
Segmental Analysis
Based on Type, the Luxury Travel Market is segmented into Absolute luxury, Aspiring Luxury and Accessible Luxury. The absolute luxury traveler is characterized by an unwavering pursuit of the finest experiences and the highest level of exclusivity. These travelers seek unparalleled opulence, from stays in ultra-luxurious accommodations like private villas on secluded islands or boutique hotels in historic city centers to bespoke itineraries that include private yacht charters, exclusive access to cultural events, and Michelin-starred dining experiences.
Based on Tour, the Luxury Travel Market is segmented into Customized and private vacations, Adventure and safari, Cruise/ship expedition, Small group journey, Celebration and special events and Culinary travel and shopping. Adventure and safari experiences are key drivers in the luxury travel market, attracting travelers seeking unique and exhilarating journeys. Adventure travel offers activities such as trekking, mountain climbing, scuba diving, and wildlife encounters in remote and often challenging environments. Safari adventures, on the other hand, focus on wildlife observation in natural habitats, with opportunities to see iconic species like lions, elephants, and rhinos. These experiences drive the luxury travel market by offering exclusivity and personalized adventures that cater to the desires of affluent travelers.
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
Evolve Business Intelligence
C-218, 2nd floor, M-Cube
Gujarat 396191
India
Email: sales@evolvebi.com
Website: https://evolvebi.com/
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune's global 2000 companies.
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 Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence here
News-ID: 3295025 • Views: …
More Releases from Evolve Business Intelligence
Capsules: Encapsulating Opportunity in the Self-Healing Concrete Market
The self-healing concrete market is gaining momentum, driven by the need for durable and sustainable infrastructure. Within this innovative field, the capsule segment stands out as a high-opportunity area, offering a promising approach to automatically repair rifts and extend the lifespan of concrete structures.
Market Dynamics and Growth Drivers
Capsule-based self-healing concrete incorporates micro or macro capsules containing healing agents, such as bacteria, polymers, or mineral precursors, into the concrete mix. When…
Flow and Level Sensors: Navigating High Opportunity in the Marine Sensors Market
The marine sensors market is experiencing significant growth, driven by the increasing demand for enhanced vessel safety, operational efficiency, and environmental monitoring. Among the diverse array of marine sensors, the flow and level sensors segment presents a high-opportunity area, playing a vital role in ensuring optimal vessel performance and preventing critical failures.
Market Dynamics and Growth Drivers
Flow and level sensors provide real-time data on fluid levels and flow rates within various…
Seat Mounts: Anchoring Growth in the Dynamic Marine Seats Market
The marine seats market is driven by the demand for comfort, safety, and durability in various marine applications, from recreational boating to commercial vessels. Within this dynamic sector, the seat mount segment presents a high-opportunity area, playing a crucial role in ensuring secure and adaptable seating solutions for diverse marine environments.
Market Dynamics and Growth Drivers
Seat mounts provide the essential connection between marine seats and the vessel's deck, offering stability, adjustability,…
PE100 Pipes: The High-Pressure Powerhouse Driving Growth in the HDPE Pipes Marke …
The HDPE (High-Density Polyethylene) pipes market is experiencing robust expansion, fueled by its versatility and durability across various applications. Within this thriving sector, the PE100 pipe segment stands out as a high-opportunity area, offering superior performance for high-pressure applications in water, gas, and industrial pipelines.
Market Dynamics and Growth Drivers
PE100 pipes, characterized by their high density and excellent long-term hydrostatic strength, are designed to withstand demanding operating pressures…
More Releases for Luxury
Global Luxury Watch Market, Global Luxury Watch Industry, Covid-19 Impact Global …
Luxury watch is a specific type of an exclusive high-end watch that has better quality of products and flawless methods used in the manufacturing process for the same. Various inventive advertising methods combined with advanced products presented by the manufacturers have created a dizzying demand for the product. These watches are a minimal improvement over conventional clocks, with sophisticated functions and features that result in their great value. In addition,…
Luxury Travel Market Is Expected To Witness Faster Growth Throughout By Type Of …
Acumen Research and Consulting has announced the addition of the "Luxury Travel Market” report to their offering.
The Luxury Travel Market Report 2018 is an in depth study analyzing the current state of the Luxury Travel Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Luxury Travel Market provides analysis of China market covering the industry trends, recent…
worldwide luxury market comprises of nine sectors including personal luxury good …
The worldwide luxury market comprises of nine sectors including personal luxury goods, personal cars, luxury hospitality, fine food, luxury cruises, fine wine and spirits, private jet, yachts and luxury furniture. Out of these sectors, luxury furniture has exhibited huge market attractiveness everywhere throughout the world. Luxury furniture raises the artistic value of hotels, restaurants, offices and homes notwithstanding different indoor and outdoor spaces. In the course of recent years, the…
Luxury Cars Rental Market Report 2018: Segmentation by Type (Compact Luxury Cars …
Global Luxury Cars Rental market research report provides company profile for Avis Budget Group, Inc., Sixt Rent-A-Car, Enterprise Rent-A-Car, The Hertz Corporation, Europcar, Al-Futtaim Group, Carzonrent, Localiza Rent A Car, Eco Rent A Car and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate,…
Luxury Apparels Market:E-commerce Spearheads Luxury Fashion Movement; Trends 201 …
Since the historic times, only the rich could afford luxury apparels. Reserved for the elite class, the luxury apparels market has boasted an esteemed clientele comprising the high net worth individuals. However, over the years several designers and fashion brands have started reaching out the broader range of customers through affordable products. Big brands such as Louis Vuitton, Prada, and Versace are expanding to developing economies, which has not only…
Power Meets Luxury - MTM-Klassen T300 Business Luxury Van
The 83rd International Motor Show in Geneva will see a world premiere in the luxury sector with the first ever presentation for the press of the MTM-Klassen T300 Business Luxury Van since Tuesday March 5th 2013. “Power meets luxury” – there is no doubt that the introduction of the unique Business Luxury Van, at 2pm in front of the MTM-Klassen Stand 2045 in Hall 2, is one of the…
