Greece Luxury Travel Market by Type of Tour (Customized & Private Vacations, Adventure & Safari, Cruise/Ship Expedition, Small Group Journey, Celebration & Special Events, and Culinary Travel & Shopping), Type of Traveler (Absolute Luxury, Aspiring Luxury, and Accessible Luxury) and Age Group (Millennial, Generation X, Baby Boomer, and Silver Hair): Opportunity Analysis and Industry Forecast 2021–2030
The Greece luxury travel market size was valued at $767.8 million in 2020, and is projected to reach $2,736.7 million by 2030, registering a CAGR of 11.5% from 2021 to 2030.
The luxury travel market represents the most desirable destinations, luxurious accommodations, convenient transportation, and an authentic travel experience. The goal of luxury travel is to provide its guests with exotic experiences. Some of the unique services offered to luxury travelers include private jet planes, spas, special menus, private island rentals, and private yachts.
Travelers nowadays prefer to try out new destinations to gain an in-depth experience and to learn about new cultures, such as those found in Greece. People are increasingly choosing one-of-a-kind trips that include cultural visits, cruising, and adventure activities to gain a valuable and unforgettable experience. People spend a lot of money on luxury travel to get the best level of comfort and personalized service.
Some of the factors driving the growth of the Greece luxury travel market include increase in people's desire for unique and exotic vacation experiences, rise in middle- and upper-class expenditure, and surge in people's desire to spend more time with family. People choose exotic foreign vacations and adventure trips to gain valuable experiences. Business travel has also evolved over time, and people now travel excessively for business trips.
The impact of COVID-19 pandemic on Greece luxury travel market was negative. The travel bans and lockdown restrictions resulted in decline in the tourist arrivals in Greece. There was 75% of decline in international tourist arrivals in the country. During 2020, tourist arrival in Greece was also recorded zero. This had shaken the economy of Greece to much extent. However, due to rapid pace of vaccination, the Greece luxury travel market is expected to recover in the upcoming years.
The Greece luxury travel market is segmented into type of tour, type of traveler, and age group. By type of tour, the market is classified into customized & private vacations, adventure & safari, cruise/ship expedition, small group journey, celebration & special event, and culinary travel & shopping. By type of traveler, the market is fragmented into absolute luxury, aspiring luxury, and accessible luxury. By age group, the market is categorized into millennial (21-30), generation x (31-40), baby boomers (41-60), and silver hair (60 and above).
The economy of Greece depends on the tourism and travel industry. The country offers different tourist attraction places such as beach resorts, hotels & facilities, marinas, spas & thermal springs, museums, archaeological sites, and cities.
The key players profiled in the Greece luxury travel market 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 current trends, estimations, and dynamics of the Greece luxury travel market from 2021 to 2030 to identify the prevailing market opportunities.
Porter’s five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the industry. The market player positioning segment facilitates benchmarking while providing a clear understanding of the present position of the key market players.
The report includes analyses of the regional as well as market, key players, market segments, application areas, and growth strategies.
KEY MARKET SEGMENTS
By Type of Tour
Customized & Private Vacations
Adventure & Safari
Cruise/Ship Expedition
Small Group Journey
Celebration & Special Events
Culinary Travel & Shopping
By Type of Traveler
Absolute Luxury
Aspiring Luxury
Accessible Luxury
By Age Group
Millennial
Generation X
Baby Boomer
Silver Hair
- CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key benefits for stakeholders
- 1.3.Key market segments
- Source: Primary and Secondary Research and AMR Analysis
- 1.4.Research methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models
- CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Snapshot
- 2.2.Key findings
- 2.2.1.Top investment pocket
- 2.3.CXO perspective
- CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.1.1.Bargaining power of suppliers
- 3.1.2.Bargaining power of buyers
- 3.1.3.Threat of new entrants
- 3.1.4.Threat of substitutes
- 3.1.5.Intensity of competitive rivalry
- 3.2.Market dynamics
- 3.2.1.Drivers
- 3.2.1.1.Growing inclination of people towards unique and exotic holiday experiences
- 3.2.1.2.Growing trend of online bookings
- 3.2.1.3.The rise of social media and its impact on travel industry
- 3.2.2.Restraint
- 3.2.2.1.Varying socio-economic conditions
- 3.2.2.2.Effect by natural parameters
- 3.2.3.Opportunity
- 3.2.3.1.Emerging new destinations
- 3.2.3.2.Demand for enhanced service standards
- 3.2.4.COVID-19 Impact Analysis
- 3.2.5.Multiple scenario
- 3.2.6.Value chain analysis
- 3.2.7.Top impacting factors
- 3.2.8.Top player positioning, 2020
- 3.2.9.Market Analysis, By type of tour
- 3.2.10.Market Analysis, by type of traveler
- 3.2.11.Market Analysis, by age group
- CHAPTER 4:GREECE LUXURY MARKET, BY TYPE 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
- 4.3.Adventure and safari
- 4.3.1.Key market trends, growth factors, and opportunities
- 4.3.2.Market size and forecast
- 4.4.Cruise/ship expedition
- 4.4.1.Key market trends, growth factors, and opportunities
- 4.4.2.Market size and forecast
- 4.5.Small group journey
- 4.5.1.Key market trends, growth factors, and opportunities
- 4.5.2.Market size and forecast
- 4.6.Celebration and special events
- 4.6.1.Key market trends, growth factors, and opportunities
- 4.6.2.Market size and forecast
- 4.7.Culinary travel and shopping
- 4.7.1.Key market trends, growth factors, and opportunities
- 4.7.2.Market size and forecast
- CHAPTER 5:GREECE LUXURY MARKET, BY TYPE OF TRAVELER
- 5.1.Overview
- 5.1.1.Market size and forecast
- 5.2.Absolute luxury
- 5.2.1.Key market trends, growth factors, and opportunities
- 5.2.2.Market size and forecast
- 5.3.Aspiring Luxury
- 5.3.1.Key market trends, growth factors, and opportunities
- 5.3.2.Market size and forecast
- 5.4.Accessible Luxury
- 5.4.1.Key market trends, growth factors, and opportunities
- CHAPTER 6:GREECE LUXURY MARKET, BY AGE GROUP
- 6.1.Overview
- 6.1.1.Market size and forecast
- 6.2.Millennials
- 6.2.2.Market size and forecast
- 6.3.Generation X
- 6.3.1.Key market trends, growth factors, and opportunities
- 6.3.2.Market size and forecast
- 6.4.Baby boomers
- 6.4.1.Key market trends, growth factors, and opportunities
- 6.4.2.Market size and forecast
- 6.5.Silver hair
- 6.5.1.Key market trends, growth factors, and opportunities
- 6.5.2.Market size and forecast
- CHAPTER 7:COMPETITION LANDSCAPE
- 7.1.Top winning strategies
- 7.2.Product mapping
- 7.3.Competitive dashboard
- 7.4.Competitive heat map
- 7.5.Key developments
- 7.5.1.Acquisition
- 7.5.2.Business Expansion
- 7.5.3.Product Launch
- CHAPTER 8:COMPANY PROFILES
- 8.1.Abercrombie & Kent USA LLC
- 8.1.1.Company overview
- 8.1.2.Key Executives
- 8.1.3.Company snapshot
- 8.1.4.Product portfolio
- 8.1.5.Key strategic moves and developments
- 8.2.Butterfield & Robinson
- 8.2.1.Company overview
- 8.2.2.Key Executives
- 8.2.3.Company snapshot
- 8.2.4.Product portfolio
- 8.3.Cox & Kings Ltd.
- 8.3.1.Company overview
- 8.3.2.Key Executives
- 8.3.3.Company snapshot
- 8.3.4.Product portfolio
- 8.4.Kensington Tours
- 8.4.1.Company overview
- 8.4.2.Key Executives
- 8.4.3.Company snapshot
- 8.4.4.Product portfolio
- 8.4.5.Key strategic moves and developments
- 8.5.Micato Safari
- 8.5.1.Company overview
- 8.5.2.Key Executives
- 8.5.3.Company snapshot
- 8.5.4.Product portfolio
- 8.6.Scott Dunn Ltd.
- 8.6.1.Company overview
- 8.6.2.Key Executives
- 8.6.3.Company snapshot
- 8.6.4.Product portfolio
- 8.7.Tauck, Inc.
- 8.7.1.Company overview
- 8.7.2.Key Executives
- 8.7.3.Company snapshot
- 8.7.4.Product portfolio
- 8.7.5.Key strategic moves and developments
- 8.8.THOMAS COOK INDIA LTD.
- 8.8.1.Company overview
- 8.8.2.Key Executives
- 8.8.3.Company snapshot
- 8.8.4.Operating business segments
- 8.8.5.Product portfolio
- 8.8.6.Business performance
- 8.8.7.Key strategic moves and developments
- 8.9.Travcoa Corporation
- 8.9.1.Company overview
- 8.9.2.Key Executives
- 8.9.3.Company snapshot
- 8.9.4.Product portfolio
- 8.10.TUI Group
- 8.10.1.Company overview
- 8.10.2.Key Executives
- 8.10.3.Company snapshot
- 8.10.4.Operating business segments
- 8.10.5.Product portfolio
- 8.10.6.Business performance
- LIST OF TABLES
- TABLE 01.GREECE LUXURY, MARKET BY TYPE OF TOUR, 2020–2030 ($MILLION)
- TABLE 02.CUSTOMIZED AND PRIVATE VACATIONS LUXURY TRAVEL MARKET, BY REGION, 2020–2030 ($MILLION)
- TABLE 03.ADVENTURE AND SAFARI MARKET, BY REGION, 2020–2030 ($MILLION)
- TABLE 04.CRUISE/SHIP EXPEDITION LUXURY TRAVEL MARKET, BY REGION, 2020–2030 ($MILLION)
- TABLE 05.SMALL GROUP JOURNEY LUXURY TRAVEL MARKET, BY REGION, 2020–2030 ($MILLION)
- TABLE 06.CELEBRATION AND SPECIAL EVENTS LUXURY MARKET, BY REGION, 2020–2030 ($MILLION)
- TABLE 07.CULINARY TRAVEL AND SHOPPING LUXURY TRAVEL MARKET, BY REGION, 2020–2030 ($MILLION)
- TABLE 08.GREECE LUXURY MARKET, BY TYPE OF TRAVELER, 2020–2030 ($MILLION)
- TABLE 09.ABSOLUTE LUXURY TRAVEL MARKET, BY REGION, 2020–2030 ($MILLION)
- TABLE 10.ASPIRING LUXURY TRAVEL MARKET, BY REGION, 2020–2030 ($MILLION)
- TABLE 11.ACCESSIBLE LUXURY TRAVEL MARKET, BY REGION, 2020–2030 ($MILLION)
- TABLE 12.GREECE LUXURY MARKET, BY AGE GROUP, 2020–2030 ($MILLION)
- TABLE 13.MILLENNIALS LUXURY TRAVEL MARKET, BY REGION, 2020–2030 ($MILLION)
- TABLE 14.GENERATION X LUXURY TRAVEL MARKET, BY REGION, 2020–2030 ($MILLION)
- TABLE 15.BABY BOOMERS LUXURY MARKET, BY REGION, 2020–2030 ($MILLION)
- TABLE 16.SILVER HAIR LUXURY MARKET, BY REGION, 2020–2030 ($MILLION)
- TABLE 17.ABERCROMBIE & KENT USA LLC: KEY EXECUTIVES
- TABLE 18.ABERCROMBIE & KENT USA LLC: COMPANY SNAPSHOT
- TABLE 19.ABERCROMBIE & KENT USA LLC: PRODUCT PORTFOLIO
- TABLE 20.KEY STRATEGIC MOVES AND DEVELOPMENTS
- TABLE 21.BUTTERFIELD & ROBINSON: KEY EXECUTIVES
- TABLE 22.BUTTERFIELD & ROBINSON: COMPANY SNAPSHOT
- TABLE 23.BUTTERFIELD & ROBINSON: PRODUCT PORTFOLIO
- TABLE 24.COX & KINGS LTD.: KEY EXECUTIVES
- TABLE 25.COX & KINGS LTD.: COMPANY SNAPSHOT
- TABLE 26.COX & KINGS LTD.: PRODUCT PORTFOLIO
- TABLE 27.KENSINGTON TOURS: KEY EXECUTIVES
- TABLE 28.KENSINGTON TOURS: COMPANY SNAPSHOT
- TABLE 29.KENSINGTON TOURS: PRODUCT PORTFOLIO
- TABLE 30.KEY STRATEGIC MOVES AND DEVELOPMENTS
- TABLE 31.MICATO SAFARI: KEY EXECUTIVES
- TABLE 32.MICATO SAFARI: COMPANY SNAPSHOT
- TABLE 33.MICATO SAFARI: PRODUCT PORTFOLIO
- TABLE 34.SCOTT DUNN LTD.: KEY EXECUTIVES
- TABLE 35.SCOTT DUNN LTD.: COMPANY SNAPSHOT
- TABLE 36.SCOTT DUNN LTD.: PRODUCT PORTFOLIO
- TABLE 37.TAUCK, INC.: KEY EXECUTIVES
- TABLE 38.TAUCK, INC.: COMPANY SNAPSHOT
- TABLE 39.TAUCK, INC.: PRODUCT PORTFOLIO
- TABLE 40.KEY STRATEGIC MOVES AND DEVELOPMENTS
- TABLE 41.THOMAS COOK INDIA LTD.: KEY EXECUTIVES
- TABLE 42.THOMAS COOK INDIA LTD.: COMPANY SNAPSHOT
- TABLE 43.THOMAS COOK INDIA LTD.: OPERATING SEGMENTS
- TABLE 44.THOMAS COOK INDIA LTD.: PRODUCT PORTFOLIO
- TABLE 45.THOMAS COOK INDIA LTD.: NET SALES, 2019–2021 ($MILLION)
- TABLE 46.KEY STRATEGIC MOVES AND DEVELOPMENTS
- TABLE 47.TRAVCOA CORPORATION: KEY EXECUTIVES
- TABLE 48.TRAVCOA CORPORATION: COMPANY SNAPSHOT
- TABLE 49.TRAVCOA CORPORATION: PRODUCT PORTFOLIO
- TABLE 50.TUI GROUP: KEY EXECUTIVES
- TABLE 51.TUI GROUP: COMPANY SNAPSHOT
- TABLE 52.TUI GROUP: OPERATING SEGMENTS
- TABLE 53.TUI GROUP: PRODUCT PORTFOLIO
- TABLE 54.TUI GROUP: NET SALES, 2018–2020 ($MILLION)
- LIST OF FIGURES
- FIGURE 01.KEY MARKET SEGMENTS
- FIGURE 02.GREECE LUXURY MARKET
- FIGURE 03.TOP INVESTMENT POCKETS
- FIGURE 04.MODERATE BARGAINING POWER OF SUPPLIERS
- FIGURE 05.MODERATE BARGAINING POWER OF BUYERS
- FIGURE 06.HIGH THREAT OF NEW ENTRANTS
- FIGURE 07.HIGH THREAT OF SUBSTITUTES
- FIGURE 08.HIGH INTENSITY OF COMPETITIVE RIVALRY
- FIGURE 09.GREECE LUXURY MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIES, 2020–2030
- FIGURE 10.VALUE CHAIN ANALYSIS
- FIGURE 11.TOP IMPACTING FACTORS
- FIGURE 12.TOP PLAYER POSITIONING, 2020
- FIGURE 13.MARKET ANALYSIS, BY TYPE OF TOUR
- FIGURE 14.MARKET ANALYSIS, BY TYPE OF TRAVELER
- FIGURE 15.MARKET ANALYSIS, BY AGE GROUP
- FIGURE 16.GREECE LUXURY MARKET SHARE, BY TYPE OF TOUR, 2020–2030
- FIGURE 17.GREECE LUXURY MARKET SHARE, BY TYPE OF TRAVELER, 2020–2030
- FIGURE 18.GREECE LUXURY MARKET SHARE, BY AGE GROUP, 2020–2030
- FIGURE 19.TOP WINNING STRATEGIES, BY YEAR, 2019–2021*
- FIGURE 20.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2019–2021* (%)
- FIGURE 21.TOP WINNING STRATEGIES, BY COMPANY, 2018–2021*
- FIGURE 22.PRODUCT MAPPING OF TOP 10 KEY PLAYERS
- FIGURE 23.COMPETITIVE DASHBOARD OF TOP 10 KEY PLAYERS
- FIGURE 24.COMPETITIVE HEATMAP OF TOP 10 KEY PLAYERS
- FIGURE 25.THOMAS COOK INDIA LTD.: NET SALES, 2019–2021 ($MILLION)
- FIGURE 26.THOMAS COOK INDIA LTD.: REVENUE SHARE BY SEGMENT, 2021 (%)
- FIGURE 27.THOMAS COOK INDIA LTD.: REVENUE SHARE BY REGION, 2021(%)
- FIGURE 28.TUI GROUP: NET SALES, 2018–2020 ($MILLION)
- FIGURE 29.TUI GROUP: REVENUE SHARE BY SEGMENT, 2020 (%)
- FIGURE 30.TUI GROUP: REVENUE SHARE BY REGION, 2020 (%)
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