Global Luxury Travel Market Growth (Status and Outlook) 2024-2030
The global Luxury Travel market, valued at USD 21.72 Billion in 2023, is growing due to increasing demand in downstream markets.
- Bonafide Trust
- 31-05-2024
- Pages : 79
- Figures : 79
- Tables : 129
- Region : Global
- Category : Food & Beverages
- Hospitality
According to our Publisher latest study, the global Luxury Travel market size was valued at US$ 21720 million in 2023. With growing demand in downstream market, the Luxury Travel is forecast to a readjusted size of US$ 38980 million by 2030 with a CAGR of 8.7% during review period. The research report highlights the growth potential of the global Luxury Travel market. Luxury Travel are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Luxury Travel. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Luxury Travel market.
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Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally
Download SampleLuxury travel today is defined less by thread count and Michelin stars and more by access to the people, places and experiences that represent all that is authentic about a destination. There’s no denying that comfort factors still apply and high standards of accommodation and dining will always feature on the luxury traveller’s wish list. However, today’s luxury traveller seeks more depth of understanding and immersion into local culture than ever before. People don’t just want to see – they want to participate. The sales process is also critical and whilst the online proposition can be an asset in terms of booking more simple arrangements, clients looking for luxury experiential travel require a deep level of sophisticated knowledge and confidence during the sales process. Asia-Pacific is the largest Luxury Travel market with about 33% market share. Europe is follower, accounting for about 30% market share.The key manufacturers 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 etc. Top 5 companies occupied about 14% market share. Key Features:
The report on Luxury Travel market reflects various aspects and provide valuable insights into the industry. Market Size and Growth: The research report provide an overview of the current size and growth of the Luxury Travel market. It may include historical data, market segmentation by Type (e.g., Customized and Private Vacation, Adventure and Safari), and regional breakdowns. Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Luxury Travel market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs. Market Drivers for Global Luxury Travel Market 1. Rising Disposable Income: Growth in wealth and emerging markets. 2. Personalized Experiences: High demand for bespoke and unique travel. 3. Health and Wellness Tourism: Popularity of wellness retreats and medical tourism. 4. Technological Advancements: Seamless online booking and VR tours. 5. Sustainability: Demand for eco-friendly and conservation-focused travel. Market Challenges 1. High Costs: Limited accessibility and sensitivity to economic downturns. 2. Global Events: Impact of pandemics and political instability. 3. Sustainability Concerns: Environmental impact scrutiny and regulatory challenges. 4. Competition: Intense market competition and high consumer expectations. Market Trends 1. Experiential Travel: Cultural immersion and adventure travel. 2. Digital Travel: Smart technology and VR/AR integration. 3. Sustainability: Eco-luxury accommodations and green transport. 4. Wellness: Wellness-focused itineraries and mindfulness retreats. 5. Exclusive Access: Private villas, yachts, and VIP services.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Luxury Travel market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market. Technological Developments: The research report can delve into the latest technological developments in the Luxury Travel industry. This include advancements in Luxury Travel technology, Luxury Travel new entrants, Luxury Travel new investment, and other innovations that are shaping the future of Luxury Travel. • Smart Technology: • AI and IoT: Personalized concierge services and smart room controls. • Wearables: Enhanced guest experiences through smart devices. • Virtual and Augmented Reality (VR/AR): • Virtual Tours: Previews of destinations and accommodations. • Immersive Experiences: Enhanced travel planning and marketing. • Mobile Apps and Platforms: • Seamless Booking: Convenient and personalized booking experiences. • Travel Management: Real-time updates and itinerary adjustments. • Blockchain: • Secure Transactions: Enhanced payment security and transparency. • Loyalty Programs: Improved tracking and management of rewards. • Sustainable Technologies: • Eco-Friendly Accommodations: Smart energy management systems. • Green Transportation: Electric and low-emission travel options. Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Luxury Travel market. It includes factors influencing customer ' purchasing decisions, preferences for Luxury Travel product. Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Luxury Travel market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Luxury Travel market. The report also evaluates the effectiveness of these policies in driving market growth. Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Luxury Travel market. Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Luxury Travel industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments. Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Luxury Travel market. Recommendations and Opportunities 1. Diversify Offerings: Include wellness and eco-friendly options. 2. Leverage Technology: Use AI, VR, and smart devices. 3. Focus on Personalization: Tailored experiences and exclusive services. 4. Expand Market Reach: Target emerging markets and new regions. 5. Sustainability Initiatives: Promote eco-friendly practices and accommodations. Market Segmentation: Luxury Travel market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value. Segmentation by type Customized and Private Vacation Adventure and Safari Cruise/Ship Expedition Small Group Journey Celebration and Special Event Others Segmentation by application Millennial Generation X Baby Boomers This report also splits the market by region: Americas United States Canada Mexico Brazil APAC China Japan Korea Southeast Asia India Australia Europe Germany France UK Italy Russia Middle East & Africa Egypt South Africa Israel Turkey GCC Countries The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration. 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
Table of Contents
- 1 Scope of the Report
- 1.1 Market Introduction
- 1.2 Years Considered
- 1.3 Research Objectives
- 1.4 Market Research Methodology
- 1.5 Research Process and Data Source
- 1.6 Economic Indicators
- 1.7 Currency Considered
- 1.8 Market Estimation Caveats
- 2 Executive Summary
- 2.1 World Market Overview
- 2.1.1 Global Luxury Travel Market Size 2019-2030
- 2.1.2 Luxury Travel Market Size CAGR by Region 2019 VS 2023 VS 2030
- 2.2 Luxury Travel Segment by Type
- 2.2.1 Customized and Private Vacation
- 2.2.2 Adventure and Safari
- 2.2.3 Cruise/Ship Expedition
- 2.2.4 Small Group Journey
- 2.2.5 Celebration and Special Event
- 2.2.6 Others
- 2.3 Luxury Travel Market Size by Type
- 2.3.1 Luxury Travel Market Size CAGR by Type (2019 VS 2023 VS 2030)
- 2.3.2 Global Luxury Travel Market Size Market Share by Type (2019-2024)
- 2.4 Luxury Travel Segment by Application
- 2.4.1 Millennial
- 2.4.2 Generation X
- 2.4.3 Baby Boomers
- 2.5 Luxury Travel Market Size by Application
- 2.5.1 Luxury Travel Market Size CAGR by Application (2019 VS 2023 VS 2030)
- 2.5.2 Global Luxury Travel Market Size Market Share by Application (2019-2024)
- 3 Luxury Travel Market Size by Player
- 3.1 Luxury Travel Market Size Market Share by Players
- 3.1.1 Global Luxury Travel Revenue by Players (2019-2024)
- 3.1.2 Global Luxury Travel Revenue Market Share by Players (2019-2024)
- 3.2 Global Luxury Travel Key Players Head office and Products Offered
- 3.3 Market Concentration Rate Analysis
- 3.3.1 Competition Landscape Analysis
- 3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
- 3.4 New Products and Potential Entrants
- 3.5 Mergers & Acquisitions, Expansion
- 4 Luxury Travel by Regions
- 4.1 Luxury Travel Market Size by Regions (2019-2024)
- 4.2 Americas Luxury Travel Market Size Growth (2019-2024)
- 4.3 APAC Luxury Travel Market Size Growth (2019-2024)
- 4.4 Europe Luxury Travel Market Size Growth (2019-2024)
- 4.5 Middle East & Africa Luxury Travel Market Size Growth (2019-2024)
- 5 Americas
- 5.1 Americas Luxury Travel Market Size by Country (2019-2024)
- 5.2 Americas Luxury Travel Market Size by Type (2019-2024)
- 5.3 Americas Luxury Travel Market Size by Application (2019-2024)
- 5.4 United States
- 5.5 Canada
- 5.6 Mexico
- 5.7 Brazil
- 6 APAC
- 6.1 APAC Luxury Travel Market Size by Region (2019-2024)
- 6.2 APAC Luxury Travel Market Size by Type (2019-2024)
- 6.3 APAC Luxury Travel Market Size by Application (2019-2024)
- 6.4 China
- 6.5 Japan
- 6.6 Korea
- 6.7 Southeast Asia
- 6.8 India
- 6.9 Australia
- 7 Europe
- 7.1 Europe Luxury Travel by Country (2019-2024)
- 7.2 Europe Luxury Travel Market Size by Type (2019-2024)
- 7.3 Europe Luxury Travel Market Size by Application (2019-2024)
- 7.4 Germany
- 7.5 France
- 7.6 UK
- 7.7 Italy
- 7.8 Russia
- 8 Middle East & Africa
- 8.1 Middle East & Africa Luxury Travel by Region (2019-2024)
- 8.2 Middle East & Africa Luxury Travel Market Size by Type (2019-2024)
- 8.3 Middle East & Africa Luxury Travel Market Size by Application (2019-2024)
- 8.4 Egypt
- 8.5 South Africa
- 8.6 Israel
- 8.7 Turkey
- 8.8 GCC Countries
- 9 Market Drivers, Challenges and Trends
- 9.1 Market Drivers & Growth Opportunities
- 9.2 Market Challenges & Risks
- 9.3 Industry Trends
- 10 Global Luxury Travel Market Forecast
- 10.1 Global Luxury Travel Forecast by Regions (2025-2030)
- 10.1.1 Global Luxury Travel Forecast by Regions (2025-2030)
- 10.1.2 Americas Luxury Travel Forecast
- 10.1.3 APAC Luxury Travel Forecast
- 10.1.4 Europe Luxury Travel Forecast
- 10.1.5 Middle East & Africa Luxury Travel Forecast
- 10.2 Americas Luxury Travel Forecast by Country (2025-2030)
- 10.2.1 United States Luxury Travel Market Forecast
- 10.2.2 Canada Luxury Travel Market Forecast
- 10.2.3 Mexico Luxury Travel Market Forecast
- 10.2.4 Brazil Luxury Travel Market Forecast
- 10.3 APAC Luxury Travel Forecast by Region (2025-2030)
- 10.3.1 China Luxury Travel Market Forecast
- 10.3.2 Japan Luxury Travel Market Forecast
- 10.3.3 Korea Luxury Travel Market Forecast
- 10.3.4 Southeast Asia Luxury Travel Market Forecast
- 10.3.5 India Luxury Travel Market Forecast
- 10.3.6 Australia Luxury Travel Market Forecast
- 10.4 Europe Luxury Travel Forecast by Country (2025-2030)
- 10.4.1 Germany Luxury Travel Market Forecast
- 10.4.2 France Luxury Travel Market Forecast
- 10.4.3 UK Luxury Travel Market Forecast
- 10.4.4 Italy Luxury Travel Market Forecast
- 10.4.5 Russia Luxury Travel Market Forecast
- 10.5 Middle East & Africa Luxury Travel Forecast by Region (2025-2030)
- 10.5.1 Egypt Luxury Travel Market Forecast
- 10.5.2 South Africa Luxury Travel Market Forecast
- 10.5.3 Israel Luxury Travel Market Forecast
- 10.5.4 Turkey Luxury Travel Market Forecast
- 10.5.5 GCC Countries Luxury Travel Market Forecast
- 10.6 Global Luxury Travel Forecast by Type (2025-2030)
- 10.7 Global Luxury Travel Forecast by Application (2025-2030)
- 11 Key Players Analysis
- 11.1 TUI Group
- 11.1.1 TUI Group Company Information
- 11.1.2 TUI Group Luxury Travel Product Offered
- 11.1.3 TUI Group Luxury Travel Revenue, Gross Margin and Market Share (2019-2024)
- 11.1.4 TUI Group Main Business Overview
- 11.1.5 TUI Group Latest Developments
- 11.2 Thomas Cook Group
- 11.2.1 Thomas Cook Group Company Information
- 11.2.2 Thomas Cook Group Luxury Travel Product Offered
- 11.2.3 Thomas Cook Group Luxury Travel Revenue, Gross Margin and Market Share (2019-2024)
- 11.2.4 Thomas Cook Group Main Business Overview
- 11.2.5 Thomas Cook Group Latest Developments
- 11.3 Jet2 Holidays
- 11.3.1 Jet2 Holidays Company Information
- 11.3.2 Jet2 Holidays Luxury Travel Product Offered
- 11.3.3 Jet2 Holidays Luxury Travel Revenue, Gross Margin and Market Share (2019-2024)
- 11.3.4 Jet2 Holidays Main Business Overview
- 11.3.5 Jet2 Holidays Latest Developments
- 11.4 Cox & Kings Ltd
- 11.4.1 Cox & Kings Ltd Company Information
- 11.4.2 Cox & Kings Ltd Luxury Travel Product Offered
- 11.4.3 Cox & Kings Ltd Luxury Travel Revenue, Gross Margin and Market Share (2019-2024)
- 11.4.4 Cox & Kings Ltd Main Business Overview
- 11.4.5 Cox & Kings Ltd Latest Developments
- 11.5 Lindblad Expeditions
- 11.5.1 Lindblad Expeditions Company Information
- 11.5.2 Lindblad Expeditions Luxury Travel Product Offered
- 11.5.3 Lindblad Expeditions Luxury Travel Revenue, Gross Margin and Market Share (2019-2024)
- 11.5.4 Lindblad Expeditions Main Business Overview
- 11.5.5 Lindblad Expeditions Latest Developments
- 11.6 Travcoa
- 11.6.1 Travcoa Company Information
- 11.6.2 Travcoa Luxury Travel Product Offered
- 11.6.3 Travcoa Luxury Travel Revenue, Gross Margin and Market Share (2019-2024)
- 11.6.4 Travcoa Main Business Overview
- 11.6.5 Travcoa Latest Developments
- 11.7 Scott Dunn
- 11.7.1 Scott Dunn Company Information
- 11.7.2 Scott Dunn Luxury Travel Product Offered
- 11.7.3 Scott Dunn Luxury Travel Revenue, Gross Margin and Market Share (2019-2024)
- 11.7.4 Scott Dunn Main Business Overview
- 11.7.5 Scott Dunn Latest Developments
- 11.8 Abercrombie & Kent Ltd
- 11.8.1 Abercrombie & Kent Ltd Company Information
- 11.8.2 Abercrombie & Kent Ltd Luxury Travel Product Offered
- 11.8.3 Abercrombie & Kent Ltd Luxury Travel Revenue, Gross Margin and Market Share (2019-2024)
- 11.8.4 Abercrombie & Kent Ltd Main Business Overview
- 11.8.5 Abercrombie & Kent Ltd Latest Developments
- 11.9 Micato Safaris
- 11.9.1 Micato Safaris Company Information
- 11.9.2 Micato Safaris Luxury Travel Product Offered
- 11.9.3 Micato Safaris Luxury Travel Revenue, Gross Margin and Market Share (2019-2024)
- 11.9.4 Micato Safaris Main Business Overview
- 11.9.5 Micato Safaris Latest Developments
- 11.10 Tauck
- 11.10.1 Tauck Company Information
- 11.10.2 Tauck Luxury Travel Product Offered
- 11.10.3 Tauck Luxury Travel Revenue, Gross Margin and Market Share (2019-2024)
- 11.10.4 Tauck Main Business Overview
- 11.10.5 Tauck Latest Developments
- 11.11 Al Tayyar
- 11.11.1 Al Tayyar Company Information
- 11.11.2 Al Tayyar Luxury Travel Product Offered
- 11.11.3 Al Tayyar Luxury Travel Revenue, Gross Margin and Market Share (2019-2024)
- 11.11.4 Al Tayyar Main Business Overview
- 11.11.5 Al Tayyar Latest Developments
- 11.12 Backroads
- 11.12.1 Backroads Company Information
- 11.12.2 Backroads Luxury Travel Product Offered
- 11.12.3 Backroads Luxury Travel Revenue, Gross Margin and Market Share (2019-2024)
- 11.12.4 Backroads Main Business Overview
- 11.12.5 Backroads Latest Developments
- 11.13 Zicasso
- 11.13.1 Zicasso Company Information
- 11.13.2 Zicasso Luxury Travel Product Offered
- 11.13.3 Zicasso Luxury Travel Revenue, Gross Margin and Market Share (2019-2024)
- 11.13.4 Zicasso Main Business Overview
- 11.13.5 Zicasso Latest Developments
- 11.14 Exodus Travels
- 11.14.1 Exodus Travels Company Information
- 11.14.2 Exodus Travels Luxury Travel Product Offered
- 11.14.3 Exodus Travels Luxury Travel Revenue, Gross Margin and Market Share (2019-2024)
- 11.14.4 Exodus Travels Main Business Overview
- 11.14.5 Exodus Travels Latest Developments
- 11.15 Butterfield & Robinson
- 11.15.1 Butterfield & Robinson Company Information
- 11.15.2 Butterfield & Robinson Luxury Travel Product Offered
- 11.15.3 Butterfield & Robinson Luxury Travel Revenue, Gross Margin and Market Share (2019-2024)
- 11.15.4 Butterfield & Robinson Main Business Overview
- 11.15.5 Butterfield & Robinson Latest Developments
- 12 Research Findings and Conclusion
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