Product Code: A01337
The global luxury travel market is projected to reach $1,650,447.7 million by 2031, growing at a CAGR of 8.9%, from 2022 to 2031. Luxury travel market epitomizes most desirable destinations, luxurious accommodations, convenient transport facilities, and authentic travel experience. Luxury travel aims to offer exotic experience to its travelers. Private jet planes, spas, special menus, private island rentals, and private yacht are some of the unique services offered to the luxury travelers. Travelers, nowadays, love to experiment with destinations to gain deeper experience and absorb new cultures worldwide. To gain a valuable and unforgettable experience, people increasingly opt for unique trips which include cultural visit, cruising, and adventure activities. People spend large amount of money on luxury travel to avail the highest level of comfort and exclusive individual services. Europe and North America are the most preferred destinations for luxury travel.
Growth in inclination of people toward unique and exotic holiday experiences, rise in the middle & upper class expenditure, and growth in interest of people to spend more time with family are some of the factors that propel the growth of the luxury travel market. People opt for unique abroad holiday, cruising, and adventure trips for valuable experiences. Business travel has also evolved over the time and people tend to travel lavishly for business trips. Fluctuating economies in many regions act as a threat for the growth of the luxury travel market.
The luxury travel market is segmented on the basis of types of tours, age group, type of traveler, and region. Based on types of tours, the market is bifurcated into customized and private vacations, adventure and safari, cruise/ship expedition, small group journey, celebration and special event, and culinary travel and shopping. Age groups of luxury travel market are millennial (21-30), generation x (31-40), baby boomers (41-60), and silver hair (60 and above). Luxury travel market is further bifurcated into types of traveler as absolute luxury, aspiring luxury, and accessible luxury. Geographically, the global luxury travel market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Singapore, India, and Rest of Asia-Pacific), and LAMEA (Middle East, Latin America, and Africa).
Although the key developed countries such as the U.S. and Italy hold a higher share of the luxury travel market, there has been a rise in demand for international luxury travel in the developing countries such as China and India. The drift is due to the increase in the per capita income of middle class travelers in the developing countries. The key players profiled in this report include: Abercrombie & Kent Ltd, Cox and Kings Ltd, TUI group, Micato Safaris, Ker and Downey, Tauck, Thomas Cook Group, Scott Dunn Ltd, Kensington Tours, and Butterfield & Robinson Inc.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the luxury travel market analysis from 2021 to 2031 to identify the prevailing luxury travel market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the luxury travel market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global luxury travel market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Types of Tour
- Customized and private vacations
- Adventure and safari
- Cruise/ship expedition
- Small group journey
- Celebration and special events
- Culinary travel and shopping
By Age Group
- Millennial
- Generation X
- Baby Boomer
- Silver hair
By Types of Traveler
- Absolute luxury
- Aspiring Luxury
- Accessible Luxury
By Region
- North America
- Europe
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Singapore
- Rest of Asia-Pacific
- LAMEA
- Middle East
- Latin America
- Africa
Key Market Players
- Thomas Cook India Ltd.
- Scott Dunn Ltd.
- TUI Group
- Zicasso, Inc.
- Micato Safaris
- Butterfield & Robinson Inc.
- Travelopia Holdings Limited
- Kensington Tours
- Tauck, Inc.
- Abercrombie & Kent USA, LLC
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
- 3.5. COVID-19 Impact Analysis on the 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, by region
- 4.2.3. Market share analysis by country
- 4.3. Adventure and safari
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Cruise/ship expedition
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- 4.5. Small group journey
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
- 4.6. Celebration and special events
- 4.6.1. Key market trends, growth factors and opportunities
- 4.6.2. Market size and forecast, by region
- 4.6.3. Market share analysis by country
- 4.7. Culinary travel and shopping
- 4.7.1. Key market trends, growth factors and opportunities
- 4.7.2. Market size and forecast, by region
- 4.7.3. Market share analysis by country
CHAPTER 5: LUXURY TRAVEL MARKET, BY AGE GROUP
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Millennial
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Generation X
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Baby Boomer
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Silver hair
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
CHAPTER 6: LUXURY TRAVEL MARKET, BY TYPES 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, by region
- 6.2.3. Market share analysis by country
- 6.3. Aspiring Luxury
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Accessible Luxury
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
CHAPTER 7: LUXURY TRAVEL MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key trends and opportunities
- 7.2.2. Market size and forecast, by Types of Tour
- 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. Key market trends, growth factors and opportunities
- 7.2.5.1.2. Market size and forecast, by Types of Tour
- 7.2.5.1.3. Market size and forecast, by Age Group
- 7.2.5.1.4. Market size and forecast, by Types of Traveler
- 7.2.5.2. Canada
- 7.2.5.2.1. Key market trends, growth factors and opportunities
- 7.2.5.2.2. Market size and forecast, by Types of Tour
- 7.2.5.2.3. Market size and forecast, by Age Group
- 7.2.5.2.4. Market size and forecast, by Types of Traveler
- 7.2.5.3. Mexico
- 7.2.5.3.1. Key market trends, growth factors and opportunities
- 7.2.5.3.2. Market size and forecast, by Types of Tour
- 7.2.5.3.3. Market size and forecast, by Age Group
- 7.2.5.3.4. Market size and forecast, by Types of Traveler
- 7.3. Europe
- 7.3.1. Key trends and opportunities
- 7.3.2. Market size and forecast, by Types of Tour
- 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. Key market trends, growth factors and opportunities
- 7.3.5.1.2. Market size and forecast, by Types of Tour
- 7.3.5.1.3. Market size and forecast, by Age Group
- 7.3.5.1.4. Market size and forecast, by Types of Traveler
- 7.3.5.2. France
- 7.3.5.2.1. Key market trends, growth factors and opportunities
- 7.3.5.2.2. Market size and forecast, by Types of Tour
- 7.3.5.2.3. Market size and forecast, by Age Group
- 7.3.5.2.4. Market size and forecast, by Types of Traveler
- 7.3.5.3. Spain
- 7.3.5.3.1. Key market trends, growth factors and opportunities
- 7.3.5.3.2. Market size and forecast, by Types of Tour
- 7.3.5.3.3. Market size and forecast, by Age Group
- 7.3.5.3.4. Market size and forecast, by Types of Traveler
- 7.3.5.4. Italy
- 7.3.5.4.1. Key market trends, growth factors and opportunities
- 7.3.5.4.2. Market size and forecast, by Types of Tour
- 7.3.5.4.3. Market size and forecast, by Age Group
- 7.3.5.4.4. Market size and forecast, by Types of Traveler
- 7.3.5.5. Rest of Europe
- 7.3.5.5.1. Key market trends, growth factors and opportunities
- 7.3.5.5.2. Market size and forecast, by Types of Tour
- 7.3.5.5.3. Market size and forecast, by Age Group
- 7.3.5.5.4. Market size and forecast, by Types of Traveler
- 7.4. Asia-Pacific
- 7.4.1. Key trends and opportunities
- 7.4.2. Market size and forecast, by Types of Tour
- 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. Key market trends, growth factors and opportunities
- 7.4.5.1.2. Market size and forecast, by Types of Tour
- 7.4.5.1.3. Market size and forecast, by Age Group
- 7.4.5.1.4. Market size and forecast, by Types of Traveler
- 7.4.5.2. India
- 7.4.5.2.1. Key market trends, growth factors and opportunities
- 7.4.5.2.2. Market size and forecast, by Types of Tour
- 7.4.5.2.3. Market size and forecast, by Age Group
- 7.4.5.2.4. Market size and forecast, by Types of Traveler
- 7.4.5.3. Singapore
- 7.4.5.3.1. Key market trends, growth factors and opportunities
- 7.4.5.3.2. Market size and forecast, by Types of Tour
- 7.4.5.3.3. Market size and forecast, by Age Group
- 7.4.5.3.4. Market size and forecast, by Types of Traveler
- 7.4.5.4. Rest of Asia-Pacific
- 7.4.5.4.1. Key market trends, growth factors and opportunities
- 7.4.5.4.2. Market size and forecast, by Types of Tour
- 7.4.5.4.3. Market size and forecast, by Age Group
- 7.4.5.4.4. Market size and forecast, by Types of Traveler
- 7.5. LAMEA
- 7.5.1. Key trends and opportunities
- 7.5.2. Market size and forecast, by Types of Tour
- 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 country
- 7.5.5.1. Middle East
- 7.5.5.1.1. Key market trends, growth factors and opportunities
- 7.5.5.1.2. Market size and forecast, by Types of Tour
- 7.5.5.1.3. Market size and forecast, by Age Group
- 7.5.5.1.4. Market size and forecast, by Types of Traveler
- 7.5.5.2. Latin America
- 7.5.5.2.1. Key market trends, growth factors and opportunities
- 7.5.5.2.2. Market size and forecast, by Types of Tour
- 7.5.5.2.3. Market size and forecast, by Age Group
- 7.5.5.2.4. Market size and forecast, by Types of Traveler
- 7.5.5.3. Africa
- 7.5.5.3.1. Key market trends, growth factors and opportunities
- 7.5.5.3.2. Market size and forecast, by Types of Tour
- 7.5.5.3.3. Market size and forecast, by Age Group
- 7.5.5.3.4. Market size and forecast, by Types of Traveler
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Top player positioning, 2021
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. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Key strategic moves and developments
- 9.2. Micato Safaris
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.3. Tauck, Inc.
- 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
- 9.4. Thomas Cook India Ltd.
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
- 9.5. Scott Dunn Ltd.
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.6. Kensington Tours
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Key strategic moves and developments
- 9.7. Butterfield & Robinson Inc.
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.8. TUI Group
- 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. Zicasso, Inc.
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.10. Travelopia Holdings Limited
- 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