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Luxury Travel Market by Type of Traveler (Absolute Luxury, Aspiring Luxury, and Accessible Luxury), Age Group (Millennial, Generation X, Baby Boomers, and Silver Hair), and Type of Tour (Customized & Private Vacations, Adventure & Safari, Cruise/Ship Expedition, Small Group Journey, Celebration & Special Events, and Culinary Travel & Shopping): Global Opportunity Analysis and Industry Forecast, 2019-2026

CO_161662
Pages: 217
Sep 2019 | 26004 Views
 
Author(s) : Aniket Kadam , Roshan Deshmukh
Tables: 81
Charts: 68
 

Luxury Travel Market Outlook-2026

The global luxury travel market size was valued at $891 billion in 2018 and is expected, grow at a CAGR of 7.9% during 2019–2026. Luxury travel services covers 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

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During the forecast period (2019–2026), 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.

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 Type

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

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Luxury travel market segments includes 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.

Baby boomers aged between 51 and 69 years dominate the luxury travel market, primarily on account of the relatively higher number of annual visits, higher disposable income & savings, priority to "travel" in this age group, and fewer health constraints as compared to silver hair population (69 and above age group). Baby boomers spend the most on their travelling as travel is considered to be the most preferred leisure activity among this age group. Europe and Caribbean are the popular travel destinations among these travelers. Second Honeymoon, Eco tourism, medical tourism, adventure tourism, bucket list, and passion tourism are some of their major objectives for travelling.

Luxury Travel Market
By Age Group

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Millennial age group segment is projected to grow with fastest CAGR during the forecast period

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Baby boomers primarily consists of independent travelers, who have seen and visited many places, have well-paying jobs, and no child responsibilities because their children are settled (either married off, moved out, or have their own job). These travelers have a wide bucket list ranging from taking a world cruise, long vacation on a luxury cruise liner, visiting exotic ports such as Easter Island, French Polynesia, and South Africa, enjoying an upscale safari in search of the Big Five, visiting multiple and adventure destinations such as Kenya and Tanzania, and discovering the highlights of Australia including Sydney, the Great Barrier Reef and rainforest. After baby boomers, Gen X comprising individuals between the age group of 31-40 years, spend the most on luxury travel. These travelers generally prefer multi-generation trip, which refers to, traveling along with grandparents, parents, and kids.

There has been an upsurge of luxury travelers across the globe with highest growth seen in the Asia-Pacific region. It remained the key growth driver of the market. China leads the Asia-Pacific luxury travel market, with nearly 7 million outbound trips annually, followed by Singapore. India is identified to be the fastest growing country in the region with an increasing number of the affluent travelers travelling to destinations outside Asia. 

Luxury Travel Market
By Traveler Type

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Absolute Luxury segment is expected to grow at a highest CAGR of 8.1% during the forecast period.

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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.

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.

Luxury Travel Market
By Region

2026
North America 
Europe
Asia Pacific
LAMEA

Europe dominates the Global Luxury Travel market and is expected to grow with a CAGR of 5.8% during the forecast period

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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.

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 2018 to 2026 to identify the prevailing opportunities.
  • The report provides a quantitative analysis from 2014 to 2026, 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.
  • The report provides actual historical figures for 2014 and 2018 and provides luxury travel market forecast from 2019 to 2026, considering 2017 as base.
  • 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

Market Players In Value Chain:

  • Abercrombie & Kent USA, LLC
  • Cox & Kings Ltd
  • Travcoa
  • Micato Safaris
  • Ker & Downey
  • Tauck
  • Thomas Cook Group PLC
  • Scott Dunn Ltd.
  • Kensington Tours
  • Butterfield & Robinson Inc.
  • TUI Group
  • Zicasso, Inc.
  • Black Tomato
  • Backroads
  • Lindblad Expeditions
  • Exodus travels
 

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:    MARKET OVERVIEW

2.1.    CXO perspective
2.2.    Market definition and scope
2.3.    Key findings

2.3.1.    Top impacting factor

2.3.1.1.    Positive impact of factors:

2.3.1.1.1.    Growing inclination of people towards unique and exotic holiday experiences
2.3.1.1.2.    Growing middle and upper middle-class spending
2.3.1.1.3.    Growing trend of online bookings
2.3.1.1.4.    Rising social media and its impact on travel industry

2.3.1.2.    Negative impact of factors:

2.3.1.2.1.    Varying socio-economic conditions
2.3.1.2.2.    Impact of natural parameters

2.3.1.3.    Factors acting as opportunity:

2.3.1.3.1.    Emerging new destinations
2.3.1.3.2.    Demand for enhanced service standards

2.3.2.    Top investment pockets
2.3.3.    Top winning strategies

2.4.    Value chain analysis

2.4.1.    Travel Planning
2.4.2.    Transport
2.4.3.    Accommodation
2.4.4.    Local Travel
2.4.5.    Food and Shopping

2.5.    Porter’s five forces analysis

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

2.6.    Market positioning, 2015
2.7.    Market dynamics
2.8.    Market dynamics

2.8.1.    Drivers

2.8.1.1.    Growing inclination of people towards unique and exotic holiday experiences
2.8.1.2.    Growing middle and upper middle class spending
2.8.1.3.    Growing trend of online bookings
2.8.1.4.    The rise of social media and its impact on travel industry

2.8.2.    Restraint

2.8.2.1.    Varying socio-economic conditions
2.8.2.2.    Effect by natural parameters

2.8.3.    Opportunities

2.8.3.1.    Emerging new destinations
2.8.3.2.    Demand for enhanced service standards

CHAPTER 3:    LUXURY TRAVEL MARKET, BY TYPES OF TOUR

3.1.    Overview

3.1.1.    Market size and forecast

3.2.    Customized and Private Vacations

3.2.1.    Key market trends, growth factors and opportunities
3.2.2.    Market size and forecast

3.3.    Adventure & Safari

3.3.1.    Key market trends, growth factors and opportunities
3.3.2.    Market size and forecast

3.4.    Cruise/Ship Expedition

3.4.1.    Key market trends, growth factors and opportunities
3.4.2.    Market size and forecast

3.5.    Small Group Journey

3.5.1.    Key market trends, growth factors and opportunities
3.5.2.    Market size and forecast

3.6.    Celebration and Special Events

3.6.1.    Key market trends, growth factors and opportunities
3.6.2.    Market size and forecast

3.7.    Culinary Travel and Shopping

3.7.1.    Key market trends, growth factors and opportunities
3.7.2.    Market size and forecast

CHAPTER 4:    LUXURY TRAVEL MARKET, BY AGE GROUP

4.1.    Millennials

4.1.1.    Key market trends, growth factors and opportunities
4.1.2.    Market size and forecast

4.2.    Generation x

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

4.3.    Baby boomers

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

4.4.    Silver hair

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

CHAPTER 5:    LUXURY TRAVEL MARKET, BY TYPE OF TRAVELER

5.1.    Absolute luxury

5.1.1.    Key market trends, growth factors, and opportunities
5.1.2.    Market size and forecast

5.2.    Aspiring luxury

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

5.3.    Accessible luxury

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

CHAPTER 6:    LUXURY TRAVEL MARKET BY GEOGRAPHY

6.1.    Overview

6.1.1.    Market size and forecast, by region

6.2.    North America

6.2.1.    Key market trends, growth factors and opportunities
6.2.2.    Market size and forecast, by types of tours
6.2.3.    Market size and forecast, by age group
6.2.4.    Market size and forecast, by types of traveler
6.2.5.    Market size and forecast, by country

6.2.5.1.    United States

6.2.5.1.1.    Market size and forecast

6.2.5.2.    Canada

6.2.5.2.1.    Market size and forecast

6.2.5.3.    Mexico

6.2.5.3.1.    Market size and forecast

6.3.    EUROPE

6.3.1.    Key market trends, growth factors and opportunities
6.3.2.    Market size and forecast, by types of tours
6.3.3.    Market size and forecast, by age group
6.3.4.    Market size and forecast, by types of traveler
6.3.5.    Market size and forecast, by country

6.3.5.1.    Germany

6.3.5.1.1.    Market size and forecast

6.3.5.2.    France

6.3.5.2.1.    Market size and forecast

6.3.5.3.    Spain

6.3.5.3.1.    Market size and forecast

6.3.5.4.    Italy

6.3.5.4.1.    Market size and forecast

6.3.5.5.    Rest of Europe

6.3.5.5.1.    Market size and forecast

6.4.    ASIA-PACIFIC

6.4.1.    Key market trends, growth factors and opportunities
6.4.2.    Market size and forecast, by types of tours
6.4.3.    Market size and forecast, by age group
6.4.4.    Market size and forecast, by types of traveler
6.4.5.    Market size and forecast, by country

6.4.5.1.    China

6.4.5.1.1.    Market size and forecast

6.4.5.2.    India

6.4.5.2.1.    Market size and forecast

6.4.5.3.    Singapore

6.4.5.3.1.    Market size and forecast

6.4.5.4.    Rest of Asia-Pacific

6.4.5.4.1.    Market size and forecast

6.5.    LAMEA

6.5.1.    Key market trends, growth factors and opportunities
6.5.2.    Market size and forecast, by types of tours
6.5.3.    Market size and forecast, by age group
6.5.4.    Market size and forecast, by types of traveler
6.5.5.    Market size and forecast, by region

6.5.5.1.    Latin America

6.5.5.1.1.    Market size and forecast

6.5.5.2.    Middle East

6.5.5.2.1.    Market size and forecast

6.5.5.3.    South Africa

6.5.5.3.1.    Market size and forecast

CHAPTER 7:    COMPANY PROFILES

7.1.    TUI GROUP

7.1.1.    Company overview
7.1.2.    Key Executive
7.1.3.    Company snapshot
7.1.4.    Operating business segments
7.1.5.    Product portfolio
7.1.6.    Business performance
7.1.7.    Key strategic moves and developments

7.2.    THOMAS COOK

7.2.1.    Company overview
7.2.2.    Key Executive
7.2.3.    Company snapshot
7.2.4.    Product portfolio
7.2.5.    Business performance
7.2.6.    Key strategic moves and developments

7.3.    COX & KINGS

7.3.1.    Company overview
7.3.2.    Key Executive
7.3.3.    Company snapshot
7.3.4.    Operating business segments
7.3.5.    Product portfolio
7.3.6.    Business performance
7.3.7.    Key strategic moves and developments

7.4.    ABERCROMBIE & KENT USA, LLC

7.4.1.    Company overview
7.4.2.    Key Executive
7.4.3.    Company snapshot
7.4.4.    Product portfolio
7.4.5.    Key strategic moves and developments

7.5.    BUTTERFIELD & ROBINSON

7.5.1.    Company overview
7.5.2.    Key Executive
7.5.3.    Company snapshot
7.5.4.    Product portfolio
7.5.5.    Key strategic moves and developments

7.6.    TAUCK, INC.

7.6.1.    Company overview
7.6.2.    Key Executive
7.6.3.    Company snapshot
7.6.4.    Product portfolio
7.6.5.    Key strategic moves and developments

7.7.    EXODUS TRAVELS LTD.

7.7.1.    Company overview
7.7.2.    Company snapshot
7.7.3.    Product portfolio

7.8.    MICATO SAFARI

7.8.1.    Company overview
7.8.2.    Company snapshot
7.8.3.    Operating business segments
7.8.4.    Product portfolio

7.9.    KER AND DOWNEY

7.9.1.    Company overview
7.9.2.    Company snapshot
7.9.3.    Product portfolio

7.10.    KENSINGTON TOURS

7.10.1.    Company overview
7.10.2.    Key Executive
7.10.3.    Company snapshot
7.10.4.    Product portfolio
7.10.5.    Key strategic moves and developments

LIST OF TABLES

TABLE 01.    GLOBAL LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TOUR, 2014–2026 ($MILLION)
TABLE 02.    GLOBAL LUXURY CUSTOMIZED AND PRIVATE TOUR MARKET REVENUE, BY REGION, 2014-2026 ($MILLION)
TABLE 03.    GLOBAL LUXURY ADVENTURE AND SAFARI TOUR MARKET REVENUE, BY REGION, 2014-2026 ($MILLION)
TABLE 04.    GLOBAL LUXURY CRUISE/SHIP EXPEDITION TOUR MARKET REVENUE, BY REGION, 2014-2026 ($MILLION)
TABLE 05.    GLOBAL LUXURY SMALL GROUP JOURNEY MARKET REVENUE, BY REGION, 2014-2026 ($MILLION)
TABLE 06.    GLOBAL LUXURY CELEBRATION AND SPECIAL EVENTS TOUR MARKET REVENUE, BY REGION, 2014-2026 ($MILLION)
TABLE 07.    GLOBAL LUXURY CULINARY TRAVEL AND SHOPPING TOUR MARKET REVENUE, BY REGION, 2014-2026 ($MILLION)
TABLE 08.    GLOBAL LUXURY TRAVEL MARKET REVENUE, BY AGE GROUP, 2014–2026 ($MILLION)
TABLE 09.    GLOBAL MILLENNIALS LUXURY TRAVEL MARKET REVENUE, BY REGION, 2014-2026 ($MILLION)
TABLE 10.    GLOBAL GENERATION X LUXURY TRAVEL MARKET REVENUE, BY REGION, 2014-2026 ($MILLION)
TABLE 11.    GLOBAL BABY BOOMER LUXURY TRAVEL MARKET REVENUE, BY REGION, 2014-2026 ($MILLION)
TABLE 12.    GLOBAL SILVER HAIR LUXURY TRAVEL MARKET REVENUE, BY REGION, 2014-2026 ($MILLION)
TABLE 13.    GLOBAL LUXURY TRAVEL MARKET REVENUE, BY TYPE OF TRAVELER, 2014–2026 ($MILLION)
TABLE 14.    ABSOLUTE LUXURY TRAVEL MARKET REVENUE, BY REGION, 2014–2026 ($MILLION)
TABLE 15.    GLOBAL ASPIRING LUXURY TRAVEL MARKET REVENUE, BY REGION, 2014-2026 ($MILLION)
TABLE 16.    GLOBAL ACCESSIBLE LUXURY TRAVEL MARKET REVENUE, BY REGION, 2014-2026 ($MILLION)
TABLE 17.    WORLD LUXURY TRAVEL MARKET REVENUE, BY REGION, 2014-2026 ($MILLION)
TABLE 18.    NORTH AMERICA LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TOUR, 2014-2026 ($MILLION)
TABLE 19.    NORTH AMERICA LUXURY TRAVEL MARKET REVENUE, BY AGE GROUP, 2014-2026 ($MILLION)
TABLE 20.    NORTH AMERICA LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2014-2026 ($MILLION)
TABLE 21.    NORTH AMERICA LUXURY TRAVEL MARKET REVENUE, BY COUNTRY, 2014-2026 ($MILLION)
TABLE 22.    UNITED STATES LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2014-2026 ($MILLION)
TABLE 23.    CANADA LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2014-2026 ($MILLION)
TABLE 24.    MEXICO LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2014-2026 ($MILLION)
TABLE 25.    EUROPE LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TOUR, 2014-2026 ($MILLION)
TABLE 26.    EUROPE LUXURY TRAVEL MARKET REVENUE, BY AGE GROUP, 2014-2026 ($MILLION)
TABLE 27.    EUROPE LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2014-2026 ($MILLION)
TABLE 28.    EUROPE LUXURY TRAVEL MARKET REVENUE, BY COUNTRY, 2014-2026 ($MILLION)
TABLE 29.    GERMAN LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2014-2026 ($MILLION)
TABLE 30.    FRANCE LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2014-2026 ($MILLION)
TABLE 31.    SPAIN LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2014-2026 ($MILLION)
TABLE 32.    ITALY LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2014-2026 ($MILLION)
TABLE 33.    REST OF EUROPE LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2014-2026 ($MILLION)
TABLE 34.    ASIA-PACIFIC LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TOUR, 2014-2026 ($MILLION)
TABLE 35.    ASIA-PACIFIC LUXURY TRAVEL MARKET REVENUE, BY AGE GROUP, 2014-2026 ($MILLION)
TABLE 36.    ASIA-PACIFIC LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2014-2026 ($MILLION)
TABLE 37.    ASIA-PACIFIC LUXURY TRAVEL MARKET REVENUE, BY COUNTRY, 2014-2026 ($MILLION)
TABLE 38.    CHINA LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2014-2026 ($MILLION)
TABLE 39.    INDIA LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2014-2026 ($MILLION)
TABLE 40.    SINGAPORE LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2014-2026 ($MILLION)
TABLE 41.    REST OF ASIA-PACIFIC LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2014-2026 ($MILLION)
TABLE 42.    LAMEA LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TOUR, 2014-2026 ($MILLION)
TABLE 43.    LAMEA LUXURY TRAVEL MARKET REVENUE, BY AGE GROUP, 2014-2026 ($MILLION)
TABLE 44.    LAMEA LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2014-2026 ($MILLION)
TABLE 45.    LAMEA LUXURY TRAVEL MARKET REVENUE, BY COUNTRY, 2014-2026 ($MILLION)
TABLE 46.    LATIN AMERICA LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2014-2026 ($MILLION)
TABLE 47.    MIDDLE EAST LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2014-2026 ($MILLION)
TABLE 48.    SOUTH AFRICA LUXURY TRAVEL MARKET REVENUE, BY TYPES OF TRAVELER, 2014-2026 ($MILLION)
TABLE 49.    TUI GROUP: KEY EXECUTIVES
TABLE 50.    TUI GROUP: COMPANY SNAPSHOT
TABLE 51.    TUI GROUP: OPERATING SEGMENTS
TABLE 52.    TUI GROUP: PRODUCT PORTFOLIO
TABLE 53.    TUI GROUP: NET SALES, 2016–2018 ($MILLION)
TABLE 54.    THOMAS COOK: KEY EXECUTIVES
TABLE 55.    THOMAS COOK: COMPANY SNAPSHOT
TABLE 56.    THOMAS COOK: PRODUCT PORTFOLIO
TABLE 57.    THOMAS COOK: NET SALES, 2016–2018 ($MILLION)
TABLE 58.    COX & KINGS: KEY EXECUTIVES
TABLE 59.    COX & KINGS: COMPANY SNAPSHOT
TABLE 60.    COX & KINGS: OPERATING SEGMENTS
TABLE 61.    COX & KINGS: PRODUCT PORTFOLIO
TABLE 62.    COX & KINGS: NET SALES, 2016–2018 ($MILLION)
TABLE 63.    ABERCROMBIE & KENT USA, LLC: KEY EXECUTIVES
TABLE 64.    ABERCROMBIE & KENT USA, LLC: COMPANY SNAPSHOT
TABLE 65.    ABERCROMBIE & KENT USA, LLC: PRODUCT PORTFOLIO
TABLE 66.    BUTTERFIELD & ROBINSON: KEY EXECUTIVES
TABLE 67.    BUTTERFIELD & ROBINSON: COMPANY SNAPSHOT
TABLE 68.    BUTTERFIELD & ROBINSON: PRODUCT PORTFOLIO
TABLE 69.    TAUCK, INC.: KEY EXECUTIVES
TABLE 70.    TAUCK, INC.: COMPANY SNAPSHOT
TABLE 71.    TAUCK, INC.: PRODUCT PORTFOLIO
TABLE 72.    EXODUS TRAVELS LTD.: COMPANY SNAPSHOT
TABLE 73.    EXODUS TRAVELS LTD.: PRODUCT PORTFOLIO
TABLE 74.    MICATO SAFARI : COMPANY SNAPSHOT
TABLE 75.    MICATO SAFARI : OPERATING SEGMENTS
TABLE 76.    MICATO SAFARI : PRODUCT PORTFOLIO
TABLE 77.    KER AND DOWNEY: COMPANY SNAPSHOT
TABLE 78.    KER AND DOWNEY: PRODUCT PORTFOLIO
TABLE 79.    KENSINGTON TOURS: KEY EXECUTIVES
TABLE 80.    KENSINGTON TOURS: COMPANY SNAPSHOT
TABLE 81.    KENSINGTON TOURS: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.    LUXURY TRAVEL NEEDS
FIGURE 02.    LUXURY TRAVEL MARKET SEGMENTATION
FIGURE 03.    TOP IMPACTING FACTORS
FIGURE 04.    TOP INVESTMENT POCKETS
FIGURE 05.    TOP WINNING STRATEGIES
FIGURE 06.    VALUE CHAIN ANALYSIS
FIGURE 07.    PORTER’S FIVE FORCES MODEL
FIGURE 08.    MARKET POSITIONING, 2015
FIGURE 09.    LUXURY TRAVEL MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 10.    GROWING MIDDLE CLASS SPENDING, 2009-2030, ($TRILLION)
FIGURE 11.    EXPECTATIONS OF LUXURY TRAVELER
FIGURE 12.    LUXURY TRAVEL MARKET, BY TYPES OF TOUR, 2018 (%)
FIGURE 13.    GLOBAL LUXURY CUSTOMIZED AND PRIVATE VACATIONS MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS, 2018 AND 2026 (%)
FIGURE 14.    GLOBAL LUXURY ADVENTURE AND SAFARI TOUR MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS, 2018 AND 2026 (%)
FIGURE 15.    GLOBAL LUXURY CRUISE/SHIP EXPEDITION TOUR MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS, 2018 AND 2026 (%)
FIGURE 16.    GLOBAL LUXURY SMALL GROUP JOURNEY MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS, 2018 AND 2026 (%)
FIGURE 17.    GLOBAL LUXURY CELEBRATION AND SPECIAL EVENTS TOUR MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS, 2018 AND 2026 (%)
FIGURE 18.    GLOBAL LUXURY CULINARY TRAVEL AND SHOPPING TOUR MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS, 2018 AND 2026 (%)
FIGURE 19.    LUXURY TRAVEL MARKET, BY AGE GROUP, 2018 (%)
FIGURE 20.    WORLD MILLENNIALS LUXURY TRAVEL MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS,  2018 AND 2026 (%)
FIGURE 21.    WORLD GENERATION X LUXURY TRAVEL MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS, 2018 AND 2026 (%)
FIGURE 22.    WORLD BABY BOOMER LUXURY TRAVEL MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS, 2018 AND 2026 (%)
FIGURE 23.    WORLD SILVER HAIR LUXURY TRAVEL MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS, 2018 & 2026 (%)
FIGURE 24.    LUXURY TRAVEL MARKET, BY TYPE OF TRAVELER, 2018 (%)
FIGURE 25.    WORLD ABSOLUTE LUXURY TRAVEL MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS, 2018 AND 2026 (%)
FIGURE 26.    GLOBAL ASPIRING LUXURY TRAVEL MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS, 2018 AND 2026 (%)
FIGURE 27.    GLOBAL ACCESSIBLE LUXURY TRAVEL MARKET, COMPARATIVE REGIONAL MARKET SHARE ANALYSIS, 2018 & 2026 (%)
FIGURE 28.    LUXURY TRAVEL MARKET, BY GEOGRAPHY, 2018 (%)
FIGURE 29.    UNITED STATES LUXURY TRAVEL MARKET REVENUE, 2014-2026 ($MILLION)
FIGURE 30.    ESTIMATED AVERAGE BUDGET OF THE U.S. TRAVELER PER PERSON PER TRIP ON LUXURY TRAVEL,2018 ($)
FIGURE 31.    CANADA LUXURY TRAVEL MARKET REVENUE, 2014-2026 ($MILLION)
FIGURE 32.    ESTIMATED AVERAGE BUDGET OF THE CANADA TRAVELER PER PERSON PER TRIP ON LUXURY TRAVEL,2018 ($)
FIGURE 33.    MEXICO LUXURY TRAVEL MARKET REVENUE, 2014-2026 ($MILLION)
FIGURE 34.    ESTIMATED AVERAGE BUDGET OF THE MEXICO TRAVELER PER PERSON PER TRIP ON LUXURY TRAVEL,2018 ($)
FIGURE 35.    GERMANY LUXURY TRAVEL MARKET REVENUE, 2014-2026 ($MILLION)
FIGURE 36.    ESTIMATED AVERAGE BUDGET OF THE GERMANY TRAVELER PER PERSON PER TRIP ON LUXURY TRAVEL,2018 ($)
FIGURE 37.    FRANCE LUXURY TRAVEL MARKET REVENUE, 2014-2026 ($MILLION)
FIGURE 38.    ESTIMATED AVERAGE BUDGET OF THE FRANCE TRAVELER PER PERSON PER TRIP ON LUXURY TRAVEL,2018 ($)
FIGURE 39.    SPAIN LUXURY TRAVEL MARKET REVENUE, 2014-2026 ($MILLION)
FIGURE 40.    ESTIMATED AVERAGE BUDGET OF THE SPAIN TRAVELER PER PERSON PER TRIP ON LUXURY TRAVEL,2018 ($)
FIGURE 41.    ITALY LUXURY TRAVEL MARKET REVENUE, 2014-2026 ($MILLION)
FIGURE 42.    ESTIMATED AVERAGE BUDGET OF THE ITALY TRAVELER PER PERSON PER TRIP ON LUXURY TRAVEL,2018 ($)
FIGURE 43.    REST OF EUROPE LUXURY TRAVEL MARKET REVENUE, 2014-2026 ($MILLION)
FIGURE 44.    ESTIMATED AVERAGE BUDGET OF THE REST OF EUROPE TRAVELER PER PERSON PER TRIP ON LUXURY TRAVEL,2018 ($)
FIGURE 45.    CHINA LUXURY TRAVEL MARKET REVENUE, 2014-2026 ($MILLION)
FIGURE 46.    ESTIMATED AVERAGE BUDGET OF THE CHINA TRAVELER PER PERSON PER TRIP ON LUXURY TRAVEL,2018 ($)
FIGURE 47.    PREFERRED LEISURE PURSUIT BY CHINA'S HNIS (%)
FIGURE 48.    INDIA LUXURY TRAVEL MARKET REVENUE, 2014-2026 ($MILLION)
FIGURE 49.    ESTIMATED AVERAGE BUDGET OF THE INDIA TRAVELER PER PERSON PER TRIP ON LUXURY TRAVEL,2018 ($)
FIGURE 50.    SINGAPORE LUXURY TRAVEL MARKET REVENUE, 2014-2026 ($MILLION)
FIGURE 51.    ESTIMATED AVERAGE BUDGET OF THE SINGAPORE TRAVELER PER PERSON PER TRIP ON LUXURY TRAVEL,2018 ($)
FIGURE 52.    REST OF ASIA-PACIFIC LUXURY TRAVEL MARKET REVENUE, 2014-2026 ($MILLION)
FIGURE 53.    ESTIMATED AVERAGE BUDGET OF THE REST OF ASIA-PACIFIC TRAVELER PER PERSON PER TRIP ON LUXURY TRAVEL, 2018 ($)
FIGURE 54.    LATIN AMERICA LUXURY TRAVEL MARKET REVENUE, 2014-2026 ($MILLION)
FIGURE 55.     ESTIMATED AVERAGE BUDGET OF THE LATIN AMERICA TRAVELER PER PERSON PER TRIP ON LUXURY TRAVEL, 2018 ($)
FIGURE 56.    MIDDLE EAST LUXURY TRAVEL MARKET REVENUE, 2014-2026 ($MILLION)
FIGURE 57.    ESTIMATED AVERAGE BUDGET OF THE MIDDLE EAST TRAVELER PER PERSON PER TRIP ON LUXURY TRAVEL,2018 ($)
FIGURE 58.    SOUTH AFRICA LUXURY TRAVEL MARKET REVENUE, 2014-2026 ($MILLION)
FIGURE 59.    ESTIMATED AVERAGE BUDGET OF THE SOUTH AFRICA TRAVELER PER PERSON PER TRIP ON LUXURY TRAVEL,2018 ($)
FIGURE 60.    TUI GROUP: NET SALES, 2016–2018 ($MILLION)
FIGURE 61.    TUI GROUP: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 62.    TUI GROUP: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 63.    THOMAS COOK: NET SALES, 2016–2018 ($MILLION)
FIGURE 64.    THOMAS COOK: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 65.    THOMAS COOK: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 66.    COX & KINGS: NET SALES, 2016–2018 ($MILLION)
FIGURE 67.    COX & KINGS: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 68.    COX & KINGS: REVENUE SHARE BY REGION, 2018 (%)

 
 

The global luxury travel market is anticipated to witness robust growth in regions such as Asia-Pacific and LAMEA. The rise in 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.

 

 

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FREQUENTLY ASKED QUESTIONS?
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A. The forecast period of Luxury Travel market report is from 2019 to 2026.

A. The Luxury Travelmarket was valued at $945.6 billion in 2019

A. The report covers detailed profiling of key companies operating in the market includi Abercrombie & Kent USA, LLC, Cox & Kings Ltd, Travcoa, Micato Safaris, Ker & Downey, Tauck, Thomas Cook Group PLC, Scott Dunn Ltd, Kensington Tours, among others

A. Top companies holding significant market share are Abercrombie & Kent USA, LLC, Cox & Kings Ltd, Travcoa, Thomas Cook Group PLC, Scott Dunn Ltd, Kensington Tours, etc

A. Celebration and special events segments of the report is expected to growth at a healthy CAGR during the forecast period

A. Absolute Luxury is the most influencing segments of Luxury Travel market

A. The evolvement of technology has encouraged more confidence in consumers with regards to booking travel via digital devices such as laptops and mobile.

A. Adventure and safari segment holds maximum revenue share in Luxury Travel market in 2019.

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