Allied Market Research
Loading...
Cart
0
PURCHASE OPTIONS

Start reading instantly ,This title and over 12000 thousand more,available with Avenue Library, T&C*

New
New Allied Market Research

Luxury Travel Market by Type of Tour (Customized & Private Vacations, Adventure & Safari, Cruise/Ship Expedition, Small Group Journey, Celebration & Special Events, and Culinary Travel & Shopping), Age Group (Millennial, Generation X, Baby Boomers, and Silver Hair), and Type of Traveler (Absolute Luxury, Aspiring Luxury, and Accessible Luxury): Global Opportunity Analysis and Industry Forecast, 2021-2027

A01337
Pages: 270
Mar 2021 | 47553 Views
 
Author(s) : Onkar Ambegaonkar
Tables: 114
Charts: 73
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Luxury Travel Market

Request Now !

The global luxury travel market size was valued at $945.6 billion in 2019 and is expected grow at a CAGR of 11.1% during 2021-2027 to reach 1,198.3 billion in 2027. Luxury travel services cover most desirable and premium experience in terms of luxurious accommodations, convenient transport facilities, and authentic travel experience. The service providers aim to provide outstanding services to its travelers.

Private jet planes, spas, special menus, private island rentals, and private yacht are some of the unique services offered by the stakeholders to the travelers. Travelers, nowadays, focus on experimenting with destinations to gain experience in terms of cultures, foods, and other experiences. To gain a valuable and unforgettable experience, people increasingly opt for unique trips, which include cultural visit, cruising, and adventure activities.

Luxury-Travel-Market-2021-2027

Get more information on this report : Request Sample Pages

The luxury travel industry has emerged as one of the fastest growing sectors to contribute significantly to the global economic growth and development. Growth in disposable income and increase in upper middle class expenditure has raised the demand for higher service standards. To capitalize the same, market players formulate unique strategies to target the growth in middle class segment; for instance, hiring qualified individuals who can speak international language and communicate easily with travelers. This rise in demand for unique travel experience offers tremendous opportunists for the market players to remain competitive. 

During the forecast period (2021-2027), the luxury travel market is projected to be the fastest growing segment of the travel industry worldwide. The key drivers of rising luxury travel trend include inclination of people toward unique and exotic holiday experiences, increase in the middle- & upper-class disposable income & related expenditure, and growth in need and interest of people to spend more time with family.

The growth luxury travel market is attributed to the increase in disposable income and growth in middle class population in countries such as China, Hong Kong, India, and Malaysia. As per recent statistics, Asia-Pacific millionaires now control more wealth than their peers in North America. In terms of future spending options, travel has been recognized as the top priority with greater focus on unique luxury experiences and adventure activities. Although the key developed countries such as the U.S. hold a highest revenue share of the luxury travel market, there has been a rise in demand for international luxury travel in developing countries such as China and India. This drift is due to the increase in the per capita income of middle-class travelers in the developing countries.

Luxury Travel Market
By Types of Tour

Your browser does not support the canvas element.

Adventure and safari segment dominates the global market and is expected to retain its dominance throughout the forecast period.

Get more information on this report : Request Sample Pages

Luxury travel market segments include type of tours, age groups, types of travelers, and region. Based on type of tour, the market is divided into customized & private vacations, adventure & safari, cruise/ship expedition, small group journey, celebration & special events, and culinary travel & shopping. By age group, it is classified into millennial, generation X, baby boomers, and silver hair. By type of traveler, it is categorized into absolute luxury, aspiring luxury, and accessible luxury. Region-wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

Key players profiled in luxury travel market report are Abercrombie & Kent USA, LLC, Cox & Kings Ltd, Travcoa, Micato Safaris, Ker & Downey, Tauck, Thomas Cook Group PLC, Scott Dunn Ltd, Kensington Tours, and Butterfield & Robinson Inc. Product launch is the key growth strategy adopted by established players such as Thomas Cook and Tauck to gain maximum luxury travel market share. Other players in the luxury travel industry value chain include TUI Group, Zicasso, Inc., Black Tomato, Backroads, Lindblad Expeditions, and Exodus travels.

Luxury Travel Market
By Age Group

Your browser does not support the canvas element.

Millennial segment is expected to grow at a highest CAGR of 11.9% during the forecast period.

Get more information on this report : Request Sample Pages

COVID-19 impact and analysis for luxury travel market:

COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from humans to humans. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020. 

The outbreak of COVID-19 pandemic had led to partial or complete shutdown of production facilities, which do not come under essential goods, owing to prolonged lockdown in major countries such as the U.S., China, Japan, India, and Germany. It has led to either closure or suspension of their production activities in most of the industrial units across the world.

Luxury Travel Market
By Types of Traveler

Your browser does not support the canvas element.

Absoulute Luxury is expected to grow at a highest CAGR of 12.6% during the forecast period.

Get more information on this report : Request Sample Pages

COVID-19 pandemic has impacted all the industries globally. The tourism industry has been hit hard all over the world, impacting its associated sectors such as travel agencies, hospitality, tour operators, all kinds of transportation services. Around 90% of the global population was adjusted to their lifestyle under several travel restrictions and remaining population stayed home in fear of the virus itself. Thus, the tourism sector came to a near standstill. According to the article published by the World Travel and Tourism Council (WTCC) in August 2020, the COVID-19 pandemic is likely to cost the tourism industry revenue loss of almost $25 billion and a loss of almost 100 million jobs worldwide. 

Furthermore, owing to the implementation of lockdown and social distancing norms in almost every country of the world, flights were grounded, trains stopped running, and almost all public transport services were halted. With social distancing becoming the new lifestyle in public places and masks & gloves turning to be daily wear accessories, people prefer to remain safe at homes, thereby declining the number of travelers. 

Luxury Travel Market
By Region

2027
Europe 
North America
Asia-pacific
Lamea

Europe dominates the market in 2019 and is expected to grow with a CAGR of 9.3% during the forecast period

Get more information on this report : Request Sample Pages

Changes observed in the luxury tourism industry are:

  • Borders were closed due to lockdown, thus bringing overseas travel to a standstill since five to six months. 
  • A significant decrease in business travel was witnessed. Majority of the business meetings are being conducted on video calling applications.
  • Group and leisure travel have almost stopped owing to the fear of being infected.

Hospitality and luxury travel sectors have faced the negative impact of the COVID-19 pandemic. Recovery in the sector is now visible after around October 2020, as travelers have started stepping out and travelling. 

Hoteliers will have to focus on innovative marketing communication & strategies to ensure confidence in potential travelers about their properties being safe. Increased focus is required on cleanliness and sanitization of properties to create confidence and evince interest. Hoteliers will have to come up with attractive schemes and offers to attract guests and have to increase their occupancy levels. Moreover, increased use of technology and reduction in human interface are required to ensure safety, which, in turn, is expected to revive the hospitality and luxury travel sectors.

Key Benefits of Luxury Travel Market:

  • The study provides an in-depth analysis of the global luxury travel market growth with current trends and future estimations to elucidate the imminent investment pockets.
  • The report provides a quantitative analysis of the reverse osmosis membrane market share from 2019 to 2027 to identify the prevailing opportunities.
  • The report provides a quantitative analysis from 2019 to 2027, which is expected to enable the stakeholders to capitalize on prevailing luxury travel market trends.
  • In-depth analysis and the luxury travel market size and segmentation assists in determining the prevailing opportunities.
  • Competitive intelligence in luxury travel market analysis highlights the business practices followed by leading players across various regions

Luxury Travel Key Market Segments:

By Type of Tour

  • Customized & Private Vacation
  • Adventure & Safari
  • Cruise/Ship Expedition
  • Small Group Journey
  • Celebration & Special Event
  • Culinary Travel & Shopping

By Age Group

  • Millennial (21–30)
  • Generation X (31–40)
  • Baby Boomers (41–60)
  • Silver Hair (60 and above)

By Type Of Traveller

  • Absolute Luxury
  • Aspiring Luxury
  • Accessible Luxury

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Singapore
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle-East
    • Africa
 

CHAPTER 1:INTRODUCTION

1.1.Key benefits for stakeholders
1.2.Key market segments
1.3.Research methodology

1.3.1.Secondary research
1.3.2.Primary research
1.3.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top impacting factor

3.2.1.1.Positive impact of factors:

3.2.1.1.1.Growing inclination of people towards unique and exotic holiday experiences
3.2.1.1.2.Growing middle and upper middle-class spending
3.2.1.1.3.Growing trend of online bookings
3.2.1.1.4.Rising social media and its impact on travel industry

3.2.1.2.Negative impact of factors:

3.2.1.2.1.Varying socio-economic conditions
3.2.1.2.2.Impact of natural parameters

3.2.1.3.Factors acting as opportunity:

3.2.1.3.1.Emerging new destinations
3.2.1.3.2.Demand for enhanced service standards

3.2.2.Top investment pockets
3.2.3.Top winning strategies

3.3.Value chain analysis

3.3.1.Travel planning
3.3.2.Transport
3.3.3.Accommodation
3.3.4.Local travel
3.3.5.Food and shopping

3.4.Porter’s five forces analysis

3.4.1.Ability to control prices makes high bargaining power of suppliers
3.4.2.Customer loyalty and value for money, results in low bargaining power of buyers
3.4.3.Non-luxury travelling option results in low threat of substitutes
3.4.4.Demand for high service standards and huge investments, lowers the threat of new entrants
3.4.5.Low rivalry among competitors as the luxury travel market is a niche market

3.5.Top player positioning, 2019
3.6.Market dynamics
3.7.Market dynamics

3.7.1.Drivers

3.7.1.1.Growing inclination of people towards unique and exotic holiday experiences
3.7.1.2.Growing middle and upper middle class spending
3.7.1.3.Growing trend of online bookings
3.7.1.4.The rise of social media and its impact on travel industry

3.7.2.Restraint

3.7.2.1.Varying socio-economic conditions
3.7.2.2.Effect by natural parameters

3.7.3.Opportunities

3.7.3.1.Emerging new destinations
3.7.3.2.Demand for enhanced service standards

3.8.COVID-19 impact and analysis for luxury travel market

CHAPTER 4:LUXURY TRAVEL MARKET, BY TYPES OF TOUR

4.1.Overview

4.1.1.Market size and forecast

4.2.Customized and private vacations

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast

4.3.Adventure & safari

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast

4.4.Cruise/Ship expedition

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast

4.5.Small group journey

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast

4.6.Celebration and special events

4.6.1.Key market trends, growth factors, and opportunities
4.6.2.Market size and forecast

4.7.Culinary travel and shopping

4.7.1.Key market trends, growth factors, and opportunities
4.7.2.Market size and forecast

CHAPTER 5:LUXURY TRAVEL MARKET, BY AGE GROUP

5.1.Overview

5.1.1.Market size and forecast

5.2.Millennials

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast

5.3.Generation x

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast

5.4.Baby boomers

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast

5.5.Silver hair

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast

CHAPTER 6:LUXURY TRAVEL MARKET, BY TYPE OF TRAVELER

6.1.Overview

6.1.1.Market size and forecast

6.2.Absolute luxury

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast

6.3.Aspiring luxury

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast

6.4.Accessible luxury

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast

CHAPTER 7:LUXURY TRAVEL MARKET BY GEOGRAPHY

7.1.Overview

7.1.1.Market size and forecast, by region

7.2.North America

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by types of tours
7.2.3.Market size and forecast, by age group
7.2.4.Market size and forecast, by types of traveler
7.2.5.Market size and forecast, by country

7.2.5.1.U.S.

7.2.5.1.1.Market size and forecast by types of tour
7.2.5.1.2.Market size and forecast by age group
7.2.5.1.3.Market size and forecast by types of traveler

7.2.5.2.Canada

7.2.5.2.1.Market size and forecast by types of tour
7.2.5.2.2.Market size and forecast by age group
7.2.5.2.3.Market size and forecast by types of traveler

7.2.5.3.Mexico

7.2.5.3.1.Market size and forecast by types of tour
7.2.5.3.2.Market size and forecast by age group
7.2.5.3.3.Market size and forecast by types of traveler

7.3.Europe

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by types of tours
7.3.3.Market size and forecast, by age group
7.3.4.Market size and forecast, by types of traveler
7.3.5.Market size and forecast, by country

7.3.5.1.Germany

7.3.5.1.1.Market size and forecast by types of tour
7.3.5.1.2.Market size and forecast by age group
7.3.5.1.3.Market size and forecast by types of traveler

7.3.5.2.France

7.3.5.2.1.Market size and forecast by types of tour
7.3.5.2.2.Market size and forecast by age group
7.3.5.2.3.Market size and forecast by types of traveler

7.3.5.3.Spain

7.3.5.3.1.Market size and forecast by types of tour
7.3.5.3.2.Market size and forecast by age group
7.3.5.3.3.Market size and forecast by types of traveler

7.3.5.4.Italy

7.3.5.4.1.Market size and forecast by types of tour
7.3.5.4.2.Market size and forecast by age group
7.3.5.4.3.Market size and forecast by types of traveler

7.3.5.5.Rest of Europe

7.3.5.5.1.Market size and forecast by types of tour
7.3.5.5.2.Market size and forecast by age group
7.3.5.5.3.Market size and forecast by types of traveler

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by types of tours
7.4.3.Market size and forecast, by age group
7.4.4.Market size and forecast, by types of traveler
7.4.5.Market size and forecast, by country

7.4.5.1.China

7.4.5.1.1.Market size and forecast by types of tour
7.4.5.1.2.Market size and forecast by age group
7.4.5.1.3.Market size and forecast by types of traveler

7.4.5.2.India

7.4.5.2.1.Market size and forecast by types of tour
7.4.5.2.2.Market size and forecast by age group
7.4.5.2.3.Market size and forecast by types of traveler

7.4.5.3.Singapore

7.4.5.3.1.Market size and forecast by types of tour
7.4.5.3.2.Market size and forecast by age group
7.4.5.3.3.Market size and forecast by types of traveler

7.4.5.4.Rest of Asia-Pacific

7.4.5.4.1.Market size and forecast by types of tour
7.4.5.4.2.Market size and forecast by age group
7.4.5.4.3.Market size and forecast by types of traveler

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by types of tours
7.5.3.Market size and forecast, by age group
7.5.4.Market size and forecast, by types of traveler
7.5.5.Market size and forecast, by region

7.5.5.1.Middle East

7.5.5.1.1.Market size and forecast by types of tour
7.5.5.1.2.Market size and forecast by age group
7.5.5.1.3.Market size and forecast by types of traveler

7.5.5.2.Latin America

7.5.5.2.1.Market size and forecast by types of tour
7.5.5.2.2.Market size and forecast by age group
7.5.5.2.3.Market size and forecast by types of traveler

7.5.5.3.Africa

7.5.5.3.1.Market size and forecast by types of tour
7.5.5.3.2.Market size and forecast by age group
7.5.5.3.3.Market size and forecast by types of traveler

CHAPTER 8:COMPETITIVE LANDSCAPE

8.1.Top winning strategies
8.2.Product mapping
8.3.Competitive dashboard
8.4.Competitive heat map
8.5.Key developments

8.5.1.Acquisition
8.5.2.Business expansion
8.5.3.Agreement
8.5.4.Merger
8.5.5.Partnership
8.5.6.Product launch

CHAPTER 9:COMPANY PROFILES

9.1.ABERCROMBIE & KENT USA LLC

9.1.1.Company overview
9.1.2.Key executives
9.1.3.Company snapshot
9.1.4.Product portfolio
9.1.5.Key strategic moves and developments

9.2.BUTTERFIELD & ROBINSON

9.2.1.Company overview
9.2.2.Key executives
9.2.3.Company snapshot
9.2.4.Product portfolio

9.3.COX AND KINGS LTD.

9.3.1.Company overview
9.3.2.Key executives
9.3.3.Company snapshot
9.3.4.Operating business segments
9.3.5.Product portfolio
9.3.6.Business performance

9.4.KENSINGTON TOURS

9.4.1.Company overview
9.4.2.Key executives
9.4.3.Company snapshot
9.4.4.Product portfolio
9.4.5.Key strategic moves and developments

9.5.MICATO SAFARI

9.5.1.Company overview
9.5.2.Key executives
9.5.3.Company snapshot
9.5.4.Product portfolio

9.6.SCOTT DUNN LTD.

9.6.1.Company overview
9.6.2.Key executives
9.6.3.Company snapshot
9.6.4.Product portfolio
9.6.5.Key strategic moves and developments

9.7.TAUCK, INC.

9.7.1.Company overview
9.7.2.Key executives
9.7.3.Company snapshot
9.7.4.Product portfolio
9.7.5.Key strategic moves and developments

9.8.THOMAS COOK INDIA LTD.

9.8.1.Company overview
9.8.2.Key executives
9.8.3.Company snapshot
9.8.4.Operating business segments
9.8.5.Product portfolio
9.8.6.Business performance
9.8.7.Key strategic moves and developments

9.9.TRAVCOA CORPORATION

9.9.1.Company overview
9.9.2.Key executives
9.9.3.Company snapshot
9.9.4.Product portfolio
9.9.5.Key strategic moves and developments

9.10.TUI GROUP

9.10.1.Company overview
9.10.2.Key executives
9.10.3.Company snapshot
9.10.4.Operating business segments
9.10.5.Product portfolio
9.10.6.Business performance
9.10.7.Key strategic moves and developments

LIST OF TABLES

TABLE 01.GLOBAL LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TOUR, 2019–2027 ($MILLION)
TABLE 02.LUXURY TRAVEL CUSTOMIZED AND PRIVATE VACATIONS MARKET, BY REGION 2019-2027, ($MILLION)
TABLE 03.LUXURY TRAVEL ADVENTURE AND SAFARI MARKET, BY REGION 2019-2027, ($MILLION)
TABLE 04.LUXURY TRAVEL CRUISE/SHIP EXPEDITION MARKET, BY REGION 2019-2027, ($MILLION)
TABLE 05.LUXURY TRAVEL SMALL GROUP JOURNEY MARKET, BY REGION 2019-2027, ($MILLION)
TABLE 06.LUXURY TRAVEL SMALL GROUP JOURNEY MARKET, BY REGION 2019-2027, ($MILLION)
TABLE 07.LUXURY TRAVEL SMALL GROUP JOURNEY MARKET BY REGION 2019-2027, ($MILLION)
TABLE 08.GLOBAL LUXURY TRAVEL MARKET REVENUE, BY AGE GROUP, 2019–2027 ($MILLION)
TABLE 09.LUXURY TRAVEL MILLENNIALS MARKET, BY REGION, 2021-2027 ($MILLION)
TABLE 10.LUXURY TRAVEL GENERATION X MARKET, BY REGION, 2021-2027 ($MILLION)
TABLE 11.LUXURY TRAVEL BABY BOOMER MARKET, BY REGION, 2021-2027 ($MILLION)
TABLE 12.LUXURY TRAVEL SILVER HAIR MARKET, BY REGION, 2021-2027 ($MILLION)
TABLE 13.GLOBAL LUXURY TRAVEL MARKET REVENUE, BY TYPE OF TRAVELER, 2019–2027 ($MILLION)
TABLE 14.LUXURY TRAVEL ABSOLUTE LUXURY MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 15.LUXURY TRAVEL ASPIRING LUXURY MARKET, BY REGION, 2021-2027 ($MILLION)
TABLE 16.LUXURY TRAVEL ACCESSIBLE LUXURY TRAVEL MARKET REVENUE, BY REGION, 2021-2027 ($MILLION)
TABLE 17.LUXURY TRAVEL MARKET REVENUE, BY REGION, 2021-2027 ($MILLION)
TABLE 18.NORTH AMERICA LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TOUR, 2021-2027 ($MILLION)
TABLE 19.NORTH AMERICA LUXURY TRAVEL MARKET REVENUE, BY AGE GROUP, 2021-2027 ($MILLION)
TABLE 20.NORTH AMERICA LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2021-2027 ($MILLION)
TABLE 21.NORTH AMERICA LUXURY TRAVEL MARKET REVENUE, BY COUNTRY, 2021-2027 ($MILLION)
TABLE 22.U.S. LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TOUR, 2021-2027 ($MILLION)
TABLE 23.U.S. LUXURY TRAVEL MARKET REVENUE, BY AGE GROUP, 2021-2027 ($MILLION)
TABLE 24.U.S. LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2021-2027 ($MILLION)
TABLE 25.CANADA LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TOUR, 2021-2027 ($MILLION)
TABLE 26.CANADA LUXURY TRAVEL MARKET REVENUE, BY AGE GROUP, 2021-2027 ($MILLION)
TABLE 27.CANADA LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2021-2027 ($MILLION)
TABLE 28.MEXICO LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TOUR, 2021-2027 ($MILLION)
TABLE 29.MEXICO LUXURY TRAVEL MARKET REVENUE, BY AGE GROUP, 2021-2027 ($MILLION)
TABLE 30.MEXICO LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2021-2027 ($MILLION)
TABLE 31.EUROPE LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TOUR, 2021-2027 ($MILLION)
TABLE 32.EUROPE LUXURY TRAVEL MARKET REVENUE, BY AGE GROUP, 2021-2027 ($MILLION)
TABLE 33.EUROPE LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2021-2027 ($MILLION)
TABLE 34.EUROPE LUXURY TRAVEL MARKET REVENUE, BY COUNTRY, 2021-2027 ($MILLION)
TABLE 35.GERMANY LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TOUR, 2021-2027 ($MILLION)
TABLE 36.GERMANY LUXURY TRAVEL MARKET REVENUE, BY AGE GROUP, 2021-2027 ($MILLION)
TABLE 37.GERMANY LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2021-2027 ($MILLION)
TABLE 38.FRANCE LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TOUR, 2021-2027 ($MILLION)
TABLE 39.FRANCE LUXURY TRAVEL MARKET REVENUE, BY AGE GROUP, 2021-2027 ($MILLION)
TABLE 40.FRANCE LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2021-2027 ($MILLION)
TABLE 41.SPAIN LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TOUR, 2021-2027 ($MILLION)
TABLE 42.SPAIN LUXURY TRAVEL MARKET REVENUE, BY AGE GROUP, 2021-2027 ($MILLION)
TABLE 43.SPAIN LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2021-2027 ($MILLION)
TABLE 44.ITALY LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TOUR, 2021-2027 ($MILLION)
TABLE 45.ITALY LUXURY TRAVEL MARKET REVENUE, BY AGE GROUP, 2021-2027 ($MILLION)
TABLE 46.ITALY LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2021-2027 ($MILLION)
TABLE 47.REST OF EUROPE LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TOUR, 2021-2027 ($MILLION)
TABLE 48.REST OF EUROPE LUXURY TRAVEL MARKET REVENUE, BY AGE GROUP, 2021-2027 ($MILLION)
TABLE 49.REST OF EUROPE LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2021-2027 ($MILLION)
TABLE 50.ASIA-PACIFIC LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TOUR, 2021-2027 ($MILLION)
TABLE 51.ASIA-PACIFIC LUXURY TRAVEL MARKET REVENUE, BY AGE GROUP, 2021-2027 ($MILLION)
TABLE 52.ASIA-PACIFIC LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2021-2027 ($MILLION)
TABLE 53.ASIA-PACIFIC LUXURY TRAVEL MARKET REVENUE, BY COUNTRY, 2021-2027 ($MILLION)
TABLE 54.CHINA LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TOUR, 2021-2027 ($MILLION)
TABLE 55.CHINA LUXURY TRAVEL MARKET REVENUE, BY AGE GROUP, 2021-2027 ($MILLION)
TABLE 56.CHINA LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2021-2027 ($MILLION)
TABLE 57.INDIA LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TOUR, 2021-2027 ($MILLION)
TABLE 58.INDIA LUXURY TRAVEL MARKET REVENUE, BY AGE GROUP, 2021-2027 ($MILLION)
TABLE 59.INDIA LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2021-2027 ($MILLION)
TABLE 60.SINGAPORE LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TOUR, 2021-2027 ($MILLION)
TABLE 61.SINGAPORE LUXURY TRAVEL MARKET REVENUE, BY AGE GROUP, 2021-2027 ($MILLION)
TABLE 62.SINGAPORE LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2021-2027 ($MILLION)
TABLE 63.REST OF ASIA-PACIFIC LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TOUR, 2021-2027 ($MILLION)
TABLE 64.REST OF ASIA-PACIFIC LUXURY TRAVEL MARKET REVENUE, BY AGE GROUP, 2021-2027 ($MILLION)
TABLE 65.REST OF ASIA-PACIFIC LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2021-2027 ($MILLION)
TABLE 66.LAMEA LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TOUR, 2021-2027 ($MILLION)
TABLE 67.LAMEA LUXURY TRAVEL MARKET REVENUE, BY AGE GROUP, 2021-2027 ($MILLION)
TABLE 68.LAMEA LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2021-2027 ($MILLION)
TABLE 69.LAMEA LUXURY TRAVEL MARKET REVENUE, BY COUNTRY, 2021-2027 ($MILLION)
TABLE 70.MIDDLE EAST LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TOUR, 2021-2027 ($MILLION)
TABLE 71.MIDDLE EAST LUXURY TRAVEL MARKET REVENUE, BY AGE GROUP, 2021-2027 ($MILLION)
TABLE 72.MIDDLE EAST LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2021-2027 ($MILLION)
TABLE 73.LATIN AMERICA LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TOUR, 2021-2027 ($MILLION)
TABLE 74.LATIN AMERICA LUXURY TRAVEL MARKET REVENUE, BY AGE GROUP, 2021-2027 ($MILLION)
TABLE 75.LATIN AMERICA LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2021-2027 ($MILLION)
TABLE 76.AFRICA LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TOUR, 2021-2027 ($MILLION)
TABLE 77.AFRICA LUXURY TRAVEL MARKET REVENUE, BY AGE GROUP, 2021-2027 ($MILLION)
TABLE 78.AFRICA LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2021-2027 ($MILLION)
TABLE 79.ABERCROMBIE & KENT USA LLC: KEY EXECUTIVES
TABLE 80.ABERCROMBIE & KENT USA LLC: COMPANY SNAPSHOT
TABLE 81.ABERCROMBIE & KENT USA LLC: PRODUCT PORTFOLIO
TABLE 82.BUTTERFIELD & ROBINSON: KEY EXECUTIVES
TABLE 83.BUTTERFIELD & ROBINSON: COMPANY SNAPSHOT
TABLE 84.BUTTERFIELD & ROBINSON: PRODUCT PORTFOLIO
TABLE 85.COX & KINGS LTD.: KEY EXECUTIVES
TABLE 86.COX & KINGS LTD.: COMPANY SNAPSHOT
TABLE 87.COX & KINGS LTD.: OPERATING SEGMENTS
TABLE 88.COX & KINGS LTD.: PRODUCT PORTFOLIO
TABLE 89.COX & KINGS LTD.: NET SALES, 2016–2018 ($MILLION)
TABLE 90.KENSINGTON TOURS: KEY EXECUTIVES
TABLE 91.KENSINGTON TOURS: COMPANY SNAPSHOT
TABLE 92.KENSINGTON TOURS: PRODUCT PORTFOLIO
TABLE 93.MICATO SAFARI: KEY EXECUTIVES
TABLE 94.MICATO SAFARI: COMPANY SNAPSHOT
TABLE 95.MICATO SAFARI: PRODUCT PORTFOLIO
TABLE 96.SCOTT DUNN LTD: KEY EXECUTIVES
TABLE 97.SCOTT DUNN LTD: COMPANY SNAPSHOT
TABLE 98.SCOTT DUNN LTD: PRODUCT PORTFOLIO
TABLE 99.TAUCK, INC.: KEY EXECUTIVES
TABLE 100.TAUCK, INC.: COMPANY SNAPSHOT
TABLE 101.TAUCK, INC: PRODUCT PORTFOLIO
TABLE 102.THOMAS COOK INDIA LTD.: KEY EXECUTIVES
TABLE 103.THOMAS COOK INDIA LTD.: COMPANY SNAPSHOT
TABLE 104.THOMAS COOK INDIA LTD.: OPERATING SEGMENTS
TABLE 105.THOMAS COOK INDIA LTD.: PRODUCT PORTFOLIO
TABLE 106.THOMAS COOK INDIA LTD.: NET SALES, 2018–2020 ($MILLION)
TABLE 107.TRAVCOA CORPORATION: KEY EXECUTIVES
TABLE 108.TRAVCOA CORPORATION: COMPANY SNAPSHOT
TABLE 109.TRAVCOA CORPORATION: PRODUCT PORTFOLIO
TABLE 110.TUI GROUP: KEY EXECUTIVES
TABLE 111.TUI GROUP: COMPANY SNAPSHOT
TABLE 112.TUI GROUP: OPERATING SEGMENTS
TABLE 113.TUI GROUP: PRODUCT PORTFOLIO
TABLE 114.TUI GROUP: NET SALES, 2018–2020 ($MILLION)

LIST OF FIGURES

FIGURE 01.LUXURY TRAVEL NEEDS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.LUXURY TRAVEL MARKET SEGMENTATION
FIGURE 04.TOP IMPACTING FACTOR
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.VALUE CHAIN ANALYSIS
FIGURE 07.PORTER’S FIVE FORCES MODEL
FIGURE 08.MARKET POSITIONING, 2019
FIGURE 09.LUXURY TRAVEL MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 10.GROWING MIDDLE CLASS SPENDING, 2009-2030, ($TRILLION)
FIGURE 11.EXPECTATIONS OF LUXURY TRAVELER
FIGURE 12.LUXURY TRAVEL MARKET, BY TYPES OF TOUR, 2019 (%)
FIGURE 13.LUXURY CUSTOMIZED AND PRIVATE VACATIONS MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS, 2019 AND 2027 (%)
FIGURE 14.LUXURY TRAVEL ADVENTURE AND SAFARI MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS, 2019 AND 2027 (%)
FIGURE 15.LUXURY TRAVEL CRUISE/SHIP EXPEDITION MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS, 2019 AND 2027 (%)
FIGURE 16.LUXURY TRAVEL SMALL GROUP JOURNEY MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS,  2019 AND 2027 (%)
FIGURE 17.LUXURY TRAVEL CELEBRATION AND SPECIAL EVENTS MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS, 2019 AND 2027 (%)
FIGURE 18.LUXURY TRAVEL CULINARY TRAVEL AND SHOPPING MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS, 2019 AND 2027 (%)
FIGURE 19.LUXURY TRAVEL MARKET, BY AGE GROUP, 2019 (%)
FIGURE 20.LUXURY TRAVEL MILLENNIALS MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS,  2019 AND 2027 (%)
FIGURE 21.LUXURY TRAVEL GENERATION X MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS,  2019 AND 2027 (%)
FIGURE 22.LUXURY TRAVEL BABY BOOMER MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS,  2019 AND 2027 (%)
FIGURE 23.LUXURY TRAVEL SILVER HAIR MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS,  2019 & 2027 (%)
FIGURE 24.LUXURY TRAVEL MARKET, BY TYPE OF TRAVELER, 2019 (%)
FIGURE 25.LUXURY TRAVEL ABSOLUTE LUXURY MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS,  2019 AND 2027 (%)
FIGURE 26.LUXURY TRAVEL ASPIRING LUXURY MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS,  2019 AND 2027 (%)
FIGURE 27.LUXURY TRAVEL ACCESSIBLE LUXURY MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS,  2019 & 2027 (%)
FIGURE 28.LUXURY TRAVEL MARKET, BY GEOGRAPHY, 2019 (%)
FIGURE 29.U.S. LUXURY TRAVEL MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 30.ESTIMATED AVERAGE BUDGET OF THE U.S. TRAVELER PER PERSON PER TRIP ON LUXURY TRAVEL,2019 ($)
FIGURE 31.CANADA LUXURY TRAVEL MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 32.ESTIMATED AVERAGE BUDGET OF THE CANADA TRAVELER PER PERSON PER TRIP ON LUXURY TRAVEL,2019 ($)
FIGURE 33.MEXICO LUXURY TRAVEL MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 34.ESTIMATED AVERAGE BUDGET OF THE MEXICO TRAVELER PER PERSON PER TRIP ON LUXURY TRAVEL,2019 ($)
FIGURE 35.GERMANY LUXURY TRAVEL MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 36.ESTIMATED AVERAGE BUDGET OF THE GERMANY TRAVELER PER PERSON PER TRIP ON LUXURY TRAVEL,2019 ($)
FIGURE 37.FRANCE LUXURY TRAVEL MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 38.ESTIMATED AVERAGE BUDGET OF THE FRANCE TRAVELER PER PERSON PER TRIP ON LUXURY TRAVEL,2019 ($)
FIGURE 39.SPAIN LUXURY TRAVEL MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 40.ESTIMATED AVERAGE BUDGET OF THE SPAIN TRAVELER PER PERSON PER TRIP ON LUXURY TRAVEL,2019 ($)
FIGURE 41.ITALY LUXURY TRAVEL MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 42.ESTIMATED AVERAGE BUDGET OF THE ITALY TRAVELER PER PERSON PER TRIP ON LUXURY TRAVEL,2019 ($)
FIGURE 43.REST OF EUROPE LUXURY TRAVEL MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 44.ESTIMATED AVERAGE BUDGET OF THE REST OF EUROPE TRAVELER PER PERSON PER TRIP ON LUXURY TRAVEL,2019 ($)
FIGURE 45.CHINA LUXURY TRAVEL MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 46.ESTIMATED AVERAGE BUDGET OF THE CHINA TRAVELER PER PERSON PER TRIP ON LUXURY TRAVEL,2019 ($)
FIGURE 47.INDIA LUXURY TRAVEL MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 48.ESTIMATED AVERAGE BUDGET OF THE INDIA TRAVELER PER PERSON PER TRIP ON LUXURY TRAVEL,2019 ($)
FIGURE 49.SINGAPORE LUXURY TRAVEL MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 50.ESTIMATED AVERAGE BUDGET OF THE SINGAPORE TRAVELER PER PERSON PER TRIP ON LUXURY TRAVEL, 2019 ($)
FIGURE 51.REST OF ASIA-PACIFIC LUXURY TRAVEL MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 52.ESTIMATED AVERAGE BUDGET OF THE REST OF ASIA-PACIFIC TRAVELER PER PERSON PER TRIP ON LUXURY TRAVEL,2019 ($)
FIGURE 53.MIDDLE EAST LUXURY TRAVEL MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 54.ESTIMATED AVERAGE BUDGET OF THE MIDDLE EAST TRAVELER PER PERSON PER TRIP ON LUXURY TRAVEL, 2019 ($)
FIGURE 55.LATIN AMERICA LUXURY TRAVEL MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 56.ESTIMATED AVERAGE BUDGET OF THE LATIN AMERICA TRAVELER PER PERSON PER TRIP ON LUXURY TRAVEL,2019 ($)
FIGURE 57.AFRICA LUXURY TRAVEL MARKET REVENUE, 2019-2027 ($MILLION)
FIGURE 58.ESTIMATED AVERAGE BUDGET OF THE AFRICA TRAVELER PER PERSON PER TRIP ON LUXURY TRAVEL,2019 ($)
FIGURE 59.TOP WINNING STRATEGIES, BY YEAR, 2018–2021*
FIGURE 60.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018–2021* (%)
FIGURE 61.TOP WINNING STRATEGIES, BY COMPANY, 2018–2021*
FIGURE 62.PRODUCT MAPPING OF TOP 10 KEY PLAYERS
FIGURE 63.COMPETITIVE DASHBOARD OF TOP 10 KEY PLAYERS
FIGURE 64.COMPETITIVE HEATMAP OF TOP 10 KEY PLAYERS
FIGURE 65.COX & KINGS LTD.: NET SALES, 2017–2019 ($MILLION)
FIGURE 66.COX & KINGS LTD.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 67.COX & KINGS LTD.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 68.THOMAS COOK INDIA LTD.: NET SALES, 2018–2020 ($MILLION)
FIGURE 69.THOMAS COOK INDIA LTD.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 70.THOMAS COOK INDIA LTD.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 71.TUI GROUP: NET SALES, 2018–2020 ($MILLION)
FIGURE 72.TUI GROUP: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 73.TUI GROUP: REVENUE SHARE BY REGION, 2020 (%)

 
 

The global luxury travel market is anticipated to witness robust growth in regions such as Asia-Pacific and LAMEA. The growth in the number of HNI’s global population and easy availability of on-arrival visa propel the growth of the overall luxury travel market. 

According to industry experts, French, Germans, Spaniards, and Australians opt for adventure and safari trips. In addition, Russian travelers opt for places like Goa in India, where they can relax and enjoy the tropical weather as they spend most of their time in a cold region. Culinary tours are also witnessing significant growth in the travel market. There is an increase in the number of private and culinary trips in Europe, owing to growth in interest of people in local culture and their aspiration to have a better understanding of local cuisines and people.

Countries such as China and India have huge growth potential and are the major investment pockets in the luxury travel market. Affluent Arabs prefer to spend their holidays in the most luxurious way like visiting London and splurging on high-end shopping. In addition, they opt for destinations, where they can spend huge amount on shopping. Affluent Chinese millennial travelers prefer to have quality travel experience, thus they opt for high-end accommodation and luxurious ways of traveling, thus propelling the growth of the overall luxury travel market. Key market players are adopting various growth strategies such as product launch (tour packages) and acquisition to sustain in the competitive market.

 
PURCHASE OPTIONS

Start reading instantly ,This title and over 12000 thousand more,available with Avenue Library, T&C*

Reach out to us

Call us on
( U.S. - Canada toll free )
+1-800-792-5285,   
Int'l : +1-503-894-6022
( Europe )
+ 44-845-528-1300
Drop us an email at
help@alliedmarketresearch.com

FREQUENTLY ASKED QUESTIONS?
Our Report Looks Like This
 

A. The global luxury travel market size was valued at $945.6 billion in 2019

A. The global luxury travel market is expected grow at a CAGR of 11.1% during 2019–2027.

A. Sample report can be availed by contacting the sales team

A. Luxury travel market segments include type of tours, age groups, types of travelers, and region.

A. Abercrombie & Kent USA, LLC, Cox & Kings Ltd, Travcoa, Micato Safaris, Ker & Downey, Tauck, Thomas Cook Group PLC, Scott Dunn Ltd, Kensington Tours, and Butterfield & Robinson Inc. are the top companies in the market

A. inclination of people toward unique and exotic holiday experiences, increase in the middle- & upper-class disposable income & related expenditure, and growth in need and interest of people to spend more time with family are the latest trends in the luxury travel market

A. Forecast period for the market will be from 2019-2027 and CAGR is given for 2021-2027

A. Europe region holds the maximum share of the luxury travel market

A. Hoteliers will have to come up with attractive schemes and offers to attract guests and have to increase their occupancy levels. Moreover, increased use of technology and reduction in human interface are required to ensure safety, which, in turn, is expected to revive the hospitality and luxury travel sectors.

Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research
 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

Download Sample

OR

Purchase Full Report of
Luxury Travel Market

  • Online Only
  • $3,841
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $4,268
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $6,368
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $7,169
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $9,998
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 699/mo
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Start reading instantly.
    This title and over 12,000+ are available on the Avenue Library. T&C*.

    Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 
 

Featured Reports

 

Featured Readings

 

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

 
Get Industry Data Alerts
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers