The Global Luxury Travel Market size report includes a global opportunity analysis and industry forecasts for the period 2023-2032. The global market was estimated at USD 1.60 Trillion in 2022, registering a CAGR of 4.50% from 2023 to 2032. The base year considered for the study is 2021, and the forecast has been provided for the period 2023 to 2032.
Key Highlights of the Luxury Travel Market Analysis include:
- The report includes historical, forecast data, which is used to make future predictions and industry analysis.
- The report includes information on regional and global trade, as well as consumption value and production capacity for each country.
- Additional essential metrics used for market growth research include Porter's five forces analysis, value chain analysis, and SWOT analysis.
- For 2020 and 2021, the study provides concise insights into how the pandemic has affected demand.
- Profiles of some of the major players in the global Luxury Travel, which include Abercrombie & Kent USA, LLC.,Cox & Kings Ltd.,Butterfield & Robinson Inc.,Scott Dunn Ltd.,Kensington Tours Ltd.,Micato Safaris,Thomas Cook Ltd.,Meredith Corporation, LLC, Travcoa Corporation,TUI AG.
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The market report analysis is based on both primary and secondary data sources. Primary sources include interviews conducted with various industry analysts, suppliers and distributors, whereas secondary sources include data collected from government websites and annual report of companies and other relevant documents.
All the information provided in the study is corroborated by the global market leaders. The report underscores the use of top-down approach to evaluate figures for each market segment, which are then validated by leveraging the bottom-up approach.
Global Luxury Travel Market Growth by Region
Based on the region, the market is divided into Europe, North America, Asia Pacific, Middle East & Africa, and South America. Asia Pacific is anticipated to be the fastest growing region in the market during the predicted period. Asia Pacific comprises China, Japan, India, South Korea, Australia, and Rest of Asia Pacific. With strong business prospects in the Asia Pacific, companies are concentrating on broadening product portfolios, expand business operations, reduce prices, end user satisfaction, and enhance Luxury Travel reliability. Growing vascular surgeries and minimally invasive surgeries needs Luxury Travel in the region, which in turn, is driving the Asia Pacific market.
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Market Segmentation:
By Type
- Customized & Private Vacations
- Celebration Journeys
- Adventure & Sport travel
- Safari
- Cruises Yachting & Small Ship
By Tour
- Solo
- Group
By Generation
- Millennial
- Generation X
- Baby boomers
By Standard
- Luxury
- Ultra-Luxury
By Region:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
Reasons to Buy This Report:
- Provides niche insights for decision about every possible segment helping in strategic decision-making process.
- Market size estimation of the market on a regional and global basis.
- A unique research design for market size estimation and forecast.
- Identification of major companies operating in the market with related developments
- Exhaustive scope to cover all the possible segments helping every stakeholder
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