Luxury Travel Market Trends and Analysis by Passenger Flows, Destinations, Challenges, Opportunities and Case Studies, 2023 Update

Luxury Travel Market Trends and Analysis by Passenger Flows, Destinations, Challenges, Opportunities and Case Studies, 2023 Update

Summary

Analysis of the luxury travel industry including insights in luxury travelers, market trends, consumer trends, destinations, sector deals, challenges and opportunities.

Key Highlights

GlobalData's Q3 2021 Consumer Survey reveals that a significant majority of global respondents, xx% to be precise, consider environmental issues to be of great importance. There is a clear trend in the luxury travel sector where luxury travelers, high-net worth individuals, and ultra high-net-worth individuals are becoming more mindful when it comes to travel.

Hotel chains and resorts are the preferred choice for vacation accommodations across all age groups. According to the Q3 2022 Consumer Survey conducted by GlobalData, a significant portion of the xx respondents (xx%) reported staying in hotel chains and resorts.

According to GlobalData’s Traveler Demands and Flows Database, families were the largest group of inbound travelers in 2022, representing xx% of total international visitors. This was followed by singles (xx%), couples (xx%) and groups (xx%), demonstrating the diverse appeal of Mauritius as a destination.

Scope

• This report provides an analysis of the luxury travel industry including insights in luxury travelers, market trends, consumer trends, destinations, sector deals, challenges and opportunities.

Reasons to Buy

• Gain an insight into luxury travel's leading players.
• Understand how they have adapted to the threat of COVID-19
• Understand the key luxury travelers that companies can look to attract
• Gain a detailed understanding of the key trends, issues and challenges facing luxury travel companies