Quadintel published a recovery-based report for Global “Luxury Travel Market” that provides crucial details on company opportunities, growth plans, trends, innovations, the competitive landscape in 2022, and the geographic outlook. Based on relevant market and regional segmentation, a thorough assessment of this worldwide market includes the historical analysis of this market (from 2023 to 2030) and develops reliable and approximative timeline estimations up to 2030.
Get a complete report on Global Luxury Travel Market’ (Including Full TOC, 100+ Tables & Figures, and charts). –Covers Precise Information on Pre & Post COVID-19 Market Outbreak by Region.
Global Luxury Travel Market is valued approximately USD 1980.72 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.90 % over the forecast period 2021-2027.
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Traveling preference is growing as people embraces adventures thus, the demand for luxurious travelling increases. So, companies are planning unique holiday packages for customers which is customizable. It is a personalized service, which include reliable transport, exotic stays and many more. The increasing use of social media is driving the growth for the luxury travel market. For instance: as per Statista, May 2021, there are over 1 billion Instagram monthly active users worldwide. And the increase in luxury travel is increase as the millennials are eager to spend more. According to the Hospitality Net, consumers earning more than USD 100,000 or more are driving the growth for the luxury travel market in 2021 around 34% population of U.S. have booked a trip which was only 19% in 2020. Also, with the increasing digitalization the demand for luxury travel is likely to increase the market growth during the forecast period. However, luxury travel is expensive which impedes the growth of the market over the forecast period of 2021-2027.
The key regions considered for the global Luxury Travel market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the significant region across the world in terms of market share of luxury travel market owing to the most popular tourist destination for people across the world which is keeping the region leader for the forecasted period. Whereas, Asia-Pacific is the fastest growing region market over the forecasted period. As the rise in spending power and improving the standard of living would create lucrative growth prospects for the Luxury Travel market across Asia-Pacific region.
Major market player included in this report are:
- Abercrombie & Kent USA
- LLC
- Cox & Kings Ltd
- Travcoa
- Micato Safaris
- Ker & Downey
- Tauck
- Thomas Cook Group PLC
- Scott Dunn Ltd
- Kensington Tours
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Tour Outlook:
Customized & Private Vacations
Safari & Adventure
Cruises
Yachting & Small Ship Expeditions
Celebration Journeys
Culinary Travel & Shopping
Others
By Age Group Outlook:
Millennial
Generation X
Baby Boomers
Silver Hair
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market: The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the market opportunities, market risk, and market overview of this industry?
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