Luxury Travel Market - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Luxury Travel Market - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Report Description
Luxury travel includes an enhancing experience with a combination of most desirable destinations, luxurious and serene accommodations, convenient commute, and a royal traveling experience. Luxury travel can be categorized into adventure & safari, cruise, rail journey, culinary travelling & shopping, customized & private vacations, and celebration.
Market Dynamics
Among age group, baby boomers segment held dominant position in the market in 2021, followed by millennials and generation X segments, owing to increasing disposable income in the age group. These generations have a continuous source of income as the number of working individuals is continuously increasing. According to the Regional Human Development Report of the United Nations Development Program (UNDP) published in 2016, in 2015, the working-age population was recorded as 0.86 Billion (considering people aged between 15 and 64 years) in India, and will grow to over a billion by 2050.
Increasing adoption of digital media has simplified the processes related to the luxury travel industry. For instance, bookings can be confirmed via online applications or websites and payments can be made through credit cards, debit cards or any other online mode of payment. Social media platforms are useful for the customers as well as for the vendors. Travelers as well as the vendors constantly keep themselves updated with the latest trends related to the luxury traveling. This is attributed to increasing use of internet, smartphones, laptops, and tablets. For instance, the revenue generated by Huawei in 2016 was US$ 79,969 Million and it increased and reached US$ 92,549 Million in 2021.
Key features of the study:
This report provides in-depth analysis of luxury travel market and provides market size (US$ Billion) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by key players
It profiles key players in the global luxury travel market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include, Abercrombie & Kent USA, Absolute Travel, Inspiring Travel Company, TCS World Travel, TÜ ELITE, Cox & Kings Ltd., Travcoa, Micato Safaris, Scott Dunn Ltd., Kensington Tours Ltd., Butterfield & Robinson Inc. and others.
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future products launches, Category up-gradation, market expansion, and marketing tactics
The global luxury travel market report caters to various stakeholders in this industry including investors, suppliers, luxury travel manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the luxury travel market
Detailed Segmentation:
Global Luxury Travel Market, By Category:
Adventure & Safari
Cruise
Rail Journey
Culinary Travelling & Shopping
Customized & Private Vacations
Celebration
Global Luxury Travel Market, By Age Group:
Millennials
Generation X
Baby Boomers
Silver hair
Global Luxury Travel Market, By Type:
Domestic
International
Global Luxury Travel Market, By Geography:
North America
U.S.
By Category:
Adventure & Safari
Cruise
Rail Journey
Culinary travelling & Shopping
Customized & Private vacations
Celebration
By Age Group:
Millennials
Generation X
Baby Boomers
Silver hair
By Type:
Domestic
International
Canada
By Category:
Adventure & Safari
Cruise
Rail Journey
Culinary travelling & Shopping
Customized & Private vacations
Celebration
By Age Group:
Millennials
Generation X
Baby Boomers
Silver hair
By Type:
Domestic
International
Europe
U.K.
By Category:
Adventure & Safari
Cruise
Rail Journey
Culinary travelling & Shopping
Customized & Private vacations
Celebration
By Age Group:
Millennials
Generation X
Baby Boomers
Silver hair
By Type:
Domestic
International
Germany
By Category:
Adventure & Safari
Cruise
Rail Journey
Culinary travelling & Shopping
Customized & Private vacations
Celebration
By Age Group:
Millennials
Generation X
Baby Boomers
Silver hair
By Type:
Domestic
International
Italy
By Category:
Adventure & Safari
Cruise
Rail Journey
Culinary travelling & Shopping
Customized & Private vacations
Celebration
By Age Group:
Millennials
Generation X
Baby Boomers
Silver hair
By Type:
Domestic
International
France
By Category:
Adventure & Safari
Cruise
Rail Journey
Culinary travelling & Shopping
Customized & Private vacations
Celebration
By Age Group:
Millennials
Generation X
Baby Boomers
Silver hair
By Type:
Domestic
International
Russia
By Category:
Adventure & Safari
Cruise
Rail Journey
Culinary travelling & Shopping
Customized & Private vacations
Celebration
By Age Group:
Millennials
Generation X
Baby Boomers
Silver hair
By Type:
Domestic
International
Rest of Europe
By Category:
Adventure & Safari
Cruise
Rail Journey
Culinary travelling & Shopping
Customized & Private vacations
Celebration
By Age Group:
Millennials
Generation X
Baby Boomers
Silver hair
By Type:
Domestic
International
Asia Pacific
China
By Category:
Adventure & Safari
Cruise
Rail Journey
Culinary travelling & Shopping
Customized & Private vacations
Celebration
By Age Group:
Millennials
Generation X
Baby Boomers
Silver hair
By Type:
Domestic
International
India
By Category:
Adventure & Safari
Cruise
Rail Journey
Culinary travelling & Shopping
Customized & Private vacations
Celebration
By Age Group:
Millennials
Generation X
Baby Boomers
Silver hair
By Type:
Domestic
International
Japan
By Category:
Adventure & Safari
Cruise
Rail Journey
Culinary travelling & Shopping
Customized & Private vacations
Celebration
By Age Group:
Millennials
Generation X
Baby Boomers
Silver hair
By Type:
Domestic
International
ASEAN
By Category:
Adventure & Safari
Cruise
Rail Journey
Culinary travelling & Shopping
Customized & Private vacations
Celebration
By Age Group:
Millennials
Generation X
Baby Boomers
Silver hair
By Type:
Domestic
International
Australia
By Category:
Adventure & Safari
Cruise
Rail Journey
Culinary travelling & Shopping
Customized & Private vacations
Celebration
By Age Group:
Millennials
Generation X
Baby Boomers
Silver hair
By Type:
Domestic
International
South Korea
By Category:
Adventure & Safari
Cruise
Rail Journey
Culinary travelling & Shopping
Customized & Private vacations
Celebration
By Age Group:
Millennials
Generation X
Baby Boomers
Silver hair
By Type:
Domestic
International
Rest of Asia Pacific
By Category:
Adventure & Safari
Cruise
Rail Journey
Culinary travelling & Shopping
Customized & Private vacations
Celebration
By Age Group:
Millennials
Generation X
Baby Boomers
Silver hair
By Type:
Domestic
International
Latin America
Brazil
By Category:
Adventure & Safari
Cruise
Rail Journey
Culinary travelling & Shopping
Customized & Private vacations
Celebration
By Age Group:
Millennials
Generation X
Baby Boomers
Silver hair
By Type:
Domestic
International
Mexico
By Category:
Adventure & Safari
Cruise
Rail Journey
Culinary travelling & Shopping
Customized & Private vacations
Celebration
By Age Group:
Millennials
Generation X
Baby Boomers
Silver hair
By Type:
Domestic
International
Rest of Latin America
By Category:
Adventure & Safari
Cruise
Rail Journey
Culinary travelling & Shopping
Customized & Private vacations
Celebration
By Age Group:
Millennials
Generation X
Baby Boomers
Silver hair
By Type:
Domestic
International
Middle East
GCC
By Category:
Adventure & Safari
Cruise
Rail Journey
Culinary travelling & Shopping
Customized & Private vacations
Celebration
By Age Group:
Millennials
Generation X
Baby Boomers
Silver hair
By Type:
Domestic
International
Israel
By Category:
Adventure & Safari
Cruise
Rail Journey
Culinary travelling & Shopping
Customized & Private vacations
Celebration
By Age Group:
Millennials
Generation X
Baby Boomers
Silver hair
By Type:
Domestic
International
Rest of Middle East
By Category:
Adventure & Safari
Cruise
Rail Journey
Culinary travelling & Shopping
Customized & Private vacations
Celebration
By Age Group:
Millennials
Generation X
Baby Boomers
Silver hair
By Type:
Domestic
International
Africa
Northern Africa
By Category:
Adventure & Safari
Cruise
Rail Journey
Culinary travelling & Shopping
Customized & Private vacations
Celebration
By Age Group:
Millennials
Generation X
Baby Boomers
Silver hair
By Type:
Domestic
International
Central Africa
By Category:
Adventure & Safari
Cruise
Rail Journey
Culinary travelling & Shopping
Customized & Private vacations
Celebration
By Age Group:
Millennials
Generation X
Baby Boomers
Silver hair
By Type:
Domestic
International
South Africa
By Category:
Adventure & Safari
Cruise
Rail Journey
Culinary travelling & Shopping
Customized & Private vacations
Celebration
By Age Group:
Millennials
Generation X
Baby Boomers
Silver hair
By Type:
Domestic
International
Company Profiles
Abercrombie & Kent USA *
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Absolute Travel
Inspiring Travel Company
TCS World Travel
TÜ ELITE
Cox & Kings Ltd.
Travcoa
Micato Safaris
Scott Dunn Ltd.
Kensington Tours Ltd.
Butterfield & Robinson
“*” marked represents similar segmentation in other categories in the respective section.