The global luxury travel market is expected to grow at a CAGR of 6.2% from 2021 to 2030. The customized and private vacation type occupies the largest market share segment and enjoys the fastest growth, with a CAGR of 7.5%. Generation X is the most widely used area, accounting for 47% of all applications, while Millennial is growing at a CAGR of 8%. North America leads in terms of revenue generation with an estimated $1 billion in 2020.
Some Of The Growth Factors Of This Market:
- The global economy is recovering and the luxury travel market is expected to grow as a result.
- The number of millionaires in the world has increased by 10% since 2008, which means more people are able to afford luxury travel.
- Luxury hotels are opening up in emerging markets such as China and India, which will increase demand for luxury travel services from these countries.
- There has been an increase in the number of wealthy individuals who want to invest their money into experiences rather than material goods, which will lead to an increase in demand for luxury travel services.
- The rise of social media has led to a greater awareness of luxurious destinations and experiences, which will lead to an increased demand for these types of trips.
Industry Growth Insights published a new data on “Luxury Travel Market”. The research report is titled “Luxury Travel Market research by Types (Customized and Private Vacation, Adventure and Safari, Cruise/Ship Expedition, Small Group Journey, Celebration and Special Event, Others, The Customized and Private Vacation type occupies the largest market share segment and enjoys the fastest growth, Luxury Trave), By Applications (Millennial, Generation X, Baby Boomers, Generation X is the most widely used area, accounting for 47% of all applications, while Millennial is growing), By Players/Companies TUI Group, Thomas Cook Group, Jet2 Holidays, Cox & Kings Ltd, Lindblad Expeditions, Travcoa, Scott Dunn, Abercrombie & Kent Ltd, Micato Safaris, Tauck, Al Tayyar, Backroads, Zicasso, Exodus Travels, Butterfield & Robinson, Luxury Trave”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Luxury Travel Market Research Report
By Type
Customized and Private Vacation, Adventure and Safari, Cruise/Ship Expedition, Small Group Journey, Celebration and Special Event, Others, The Customized and Private Vacation type occupies the largest market share segment and enjoys the fastest growth, Luxury Trave
By Application
Millennial, Generation X, Baby Boomers, Generation X is the most widely used area, accounting for 47% of all applications, while Millennial is growing
By Companies
TUI Group, Thomas Cook Group, Jet2 Holidays, Cox & Kings Ltd, Lindblad Expeditions, Travcoa, Scott Dunn, Abercrombie & Kent Ltd, Micato Safaris, Tauck, Al Tayyar, Backroads, Zicasso, Exodus Travels, Butterfield & Robinson, Luxury Trave
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Luxury Travel Market Report Segments:
The global Luxury Travel market is segmented on the basis of:
Types
Customized and Private Vacation, Adventure and Safari, Cruise/Ship Expedition, Small Group Journey, Celebration and Special Event, Others, The Customized and Private Vacation type occupies the largest market share segment and enjoys the fastest growth, Luxury Trave
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Millennial, Generation X, Baby Boomers, Generation X is the most widely used area, accounting for 47% of all applications, while Millennial is growing
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- TUI Group
- Thomas Cook Group
- Jet2 Holidays
- Cox & Kings Ltd
- Lindblad Expeditions
- Travcoa
- Scott Dunn
- Abercrombie & Kent Ltd
- Micato Safaris
- Tauck
- Al Tayyar
- Backroads
- Zicasso
- Exodus Travels
- Butterfield & Robinson
- Luxury Trave
Highlights of The Luxury Travel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Customized and Private Vacation
- Adventure and Safari
- Cruise/Ship Expedition
- Small Group Journey
- Celebration and Special Event
- Others
- The Customized and Private Vacation type occupies the largest market share segment and enjoys the fastest growth
- Luxury Trave
- By Application:
- Millennial
- Generation X
- Baby Boomers
- Generation X is the most widely used area, accounting for 47% of all applications, while Millennial is growing
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Luxury Travel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Luxury travel is a type of travel that typically involves high-quality accommodations, fine dining, and other amenities. It can also include unique experiences such as safaris or spa treatments.
Some of the major companies in the luxury travel market are TUI Group, Thomas Cook Group, Jet2 Holidays, Cox & Kings Ltd, Lindblad Expeditions, Travcoa, Scott Dunn, Abercrombie & Kent Ltd, Micato Safaris, Tauck, Al Tayyar, Backroads, Zicasso, Exodus Travels, Butterfield & Robinson, Luxury Trave.
The luxury travel market is expected to register a CAGR of 6.2%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Luxury Travel Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Luxury Travel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Luxury Travel Market - Supply Chain
4.5. Global Luxury Travel Market Forecast
4.5.1. Luxury Travel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Luxury Travel Market Size (000 Units) and Y-o-Y Growth
4.5.3. Luxury Travel Market Absolute $ Opportunity
5. Global Luxury Travel Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Luxury Travel Market Size and Volume Forecast by Type
5.3.1. Customized and Private Vacation
5.3.2. Adventure and Safari
5.3.3. Cruise/Ship Expedition
5.3.4. Small Group Journey
5.3.5. Celebration and Special Event
5.3.6. Others
5.3.7. The Customized and Private Vacation type occupies the largest market share segment and enjoys the fastest growth
5.3.8. Luxury Trave
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Luxury Travel Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Luxury Travel Market Size and Volume Forecast by Application
6.3.1. Millennial
6.3.2. Generation X
6.3.3. Baby Boomers
6.3.4. Generation X is the most widely used area, accounting for 47% of all applications, while Millennial is growing
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Luxury Travel Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Luxury Travel Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Luxury Travel Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Luxury Travel Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Luxury Travel Demand Share Forecast, 2019-2026
9. North America Luxury Travel Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Luxury Travel Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Luxury Travel Market Size and Volume Forecast by Application
9.4.1. Millennial
9.4.2. Generation X
9.4.3. Baby Boomers
9.4.4. Generation X is the most widely used area, accounting for 47% of all applications, while Millennial is growing
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Luxury Travel Market Size and Volume Forecast by Type
9.7.1. Customized and Private Vacation
9.7.2. Adventure and Safari
9.7.3. Cruise/Ship Expedition
9.7.4. Small Group Journey
9.7.5. Celebration and Special Event
9.7.6. Others
9.7.7. The Customized and Private Vacation type occupies the largest market share segment and enjoys the fastest growth
9.7.8. Luxury Trave
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Luxury Travel Demand Share Forecast, 2019-2026
10. Latin America Luxury Travel Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Luxury Travel Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Luxury Travel Market Size and Volume Forecast by Application
10.4.1. Millennial
10.4.2. Generation X
10.4.3. Baby Boomers
10.4.4. Generation X is the most widely used area, accounting for 47% of all applications, while Millennial is growing
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Luxury Travel Market Size and Volume Forecast by Type
10.7.1. Customized and Private Vacation
10.7.2. Adventure and Safari
10.7.3. Cruise/Ship Expedition
10.7.4. Small Group Journey
10.7.5. Celebration and Special Event
10.7.6. Others
10.7.7. The Customized and Private Vacation type occupies the largest market share segment and enjoys the fastest growth
10.7.8. Luxury Trave
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Luxury Travel Demand Share Forecast, 2019-2026
11. Europe Luxury Travel Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Luxury Travel Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Luxury Travel Market Size and Volume Forecast by Application
11.4.1. Millennial
11.4.2. Generation X
11.4.3. Baby Boomers
11.4.4. Generation X is the most widely used area, accounting for 47% of all applications, while Millennial is growing
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Luxury Travel Market Size and Volume Forecast by Type
11.7.1. Customized and Private Vacation
11.7.2. Adventure and Safari
11.7.3. Cruise/Ship Expedtion
11.7.4. Small Group Journey
11.7.5. Celebration and Special Event
11.7.6. Others
11.7.7. The Customized and Private Vacation type occupies the largest market share segment and enjoys the fastest growth
11.7.8. Luxury Trave
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Luxury Travel Demand Share, 2019-2026
12. Asia Pacific Luxury Travel Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Luxury Travel Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Luxury Travel Market Size and Volume Forecast by Application
12.4.1. Millennial
12.4.2. Generation X
12.4.3. Baby Boomers
12.4.4. Generation X is the most widely used area, accounting for 47% of all applications, while Millennial is growing
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Luxury Travel Market Size and Volume Forecast by Type
12.7.1. Customized and Private Vacation
12.7.2. Adventure and Safari
12.7.3. Cruise/Ship Expedition
12.7.4. Small Group Journey
12.7.5. Celebration and Special Event
12.7.6. Others
12.7.7. The Customized and Private Vacation type occupies the largest market share segment and enjoys the fastest growth
12.7.8. Luxury Trave
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Luxury Travel Demand Share, 2019-2026
13. Middle East & Africa Luxury Travel Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Luxury Travel Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Luxury Travel Market Size and Volume Forecast by Application
13.4.1. Millennial
13.4.2. Generation X
13.4.3. Baby Boomers
13.4.4. Generation X is the most widely used area, accounting for 47% of all applications, while Millennial is growing
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Luxury Travel Market Size and Volume Forecast by Type
13.7.1. Customized and Private Vacation
13.7.2. Adventure and Safari
13.7.3. Cruise/Ship Expedition
13.7.4. Small Group Journey
13.7.5. Celebration and Special Event
13.7.6. Others
13.7.7. The Customized and Private Vacation type occupies the largest market share segment and enjoys the fastest growth
13.7.8. Luxury Trave
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Luxury Travel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Luxury Travel Market: Market Share Analysis
14.2. Luxury Travel Distributors and Customers
14.3. Luxury Travel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. TUI Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Thomas Cook Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Jet2 Holidays
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Cox & Kings Ltd
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Lindblad Expeditions
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Travcoa
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Scott Dunn
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Abercrombie & Kent Ltd
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Micato Safaris
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Tauck
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Al Tayyar
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Backroads
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Zicasso
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Exodus Travels
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Butterfield & Robinson
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Luxury Trave
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. O
