Europe Luxury Travel Market Size, Share & Industry Trends Analysis Report By Tour, By Age Group (Baby Boomers, Generation X, Millennial and Silver Hair), By Country and Growth Forecast, 2022 - 2028
The Europe Luxury Travel Market would witness market growth of 5.0% CAGR during the forecast period (2022-2028).
Peer reviews, 360-degree video tours, as well as clear price comparisons are all provided by these sites, helping passengers plan and book their vacations online. Together with the growing internet penetration, this is giving the businesses a profit outlook and giving them the chance to grow.
The demand for luxury adventure tourism is rising globally as a result of key industry participants collaborating with marketing companies to attract high-value clientele through online marketing. Government agencies in several countries are also promoting tourism activities since it creates job opportunities and benefits local development. It is believed that this would increase adventure tourism's attractiveness on a worldwide scale.
The surge in the number of travelers choosing unusual and exotic vacation spots to escape their busy everyday lives and gain worthwhile experiences might be ascribed to the culinary tourism expansion. Most people choose their travel destination based on private, quiet, tranquil, and exotic regions with strong food culture. Travelers have chosen as their top preferences regions with a wide choice of tasty foods and beverages.
The nations of Europe are crowded onto a relatively small continent. 26 European nations have joined together under the Schengen Agreement to facilitate borderless travel for citizens and visitors. Some countries in the reg do not require a visa to visit these countries, whereas others do. People who are traveling between these nations only need the Schengen visa if they are from a country that requires a visa to enter the Schengen Area. This is further rising the number of visitors in the region.
The Germany market dominated the Europe Luxury Travel Market by Country in 2021; thereby, achieving a market value of $115.5 Billion by 2028. The UK market is exhibiting a CAGR of 4.2% during (2022 - 2028). Additionally, The France market is expected to witness a CAGR of 5.8% during (2022 - 2028).
Based on Tour, the market is segmented into Safari & Adventure, Celebration Journeys, Culinary Travel & Shopping, Cruises, Yachting, & Small Ship Expeditions, Customized & Private Vacations and Others. Based on Age Group, the market is segmented into Baby Boomers, Generation X, Millennial and Silver Hair. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include TUI Group, Lindblad Expeditions Holdings, Inc., Thomas Cook (India) Limited (Fairfax Financial Holdings Limited), Scott Dunn, Abercrombie & Kent USA, LLC, Exodus Travels Limited, Travel Edge, Inc. (Navigatr Group), Butterfield & Robinson, Inc., Geographic Expeditions, Inc. and Micato Safaris.
Scope of the Study
Market Segments covered in the Report:
By Tour
- Safari & Adventure
- Celebration Journeys
- Culinary Travel & Shopping
- Cruises, Yachting, & Small Ship Expeditions
- Customized & Private Vacations
- Others
- Baby Boomers
- Generation X
- Millennial
- Silver Hair
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- TUI Group
- Lindblad Expeditions Holdings, Inc.
- Thomas Cook (India) Limited (Fairfax Financial Holdings Limited)
- Scott Dunn
- Abercrombie & Kent USA, LLC
- Exodus Travels Limited
- Travel Edge, Inc. (Navigatr Group)
- Butterfield & Robinson, Inc.
- Geographic Expeditions, Inc.
- Micato Safaris
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Luxury Travel Market, by Tour
- 1.4.2 Europe Luxury Travel Market, by Age Group
- 1.4.3 Europe Luxury Travel Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition & Scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 Recent Industry Wide Strategic Developments
- 3.1.1 Partnerships, Collaborations and Agreements
- 3.1.2 Product Launches and Product Expansions
- 3.1.3 Acquisition and Mergers
- 3.1.4 Geographical Expansions
- 3.2 Top Winning Strategies
- 3.2.1 Key Leading Strategies: Percentage Distribution (2018-2022)
- 3.2.2 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2018, Aug – 2022, Sep) Leading Players
- Chapter 4. Europe Luxury Travel Market by Tour
- 4.1 Europe Safari & Adventure Market by Country
- 4.2 Europe Celebration Journeys Market by Country
- 4.3 Europe Culinary Travel & Shopping Market by Country
- 4.4 Europe Cruises, Yachting, & Small Ship Expeditions Market by Country
- 4.5 Europe Customized & Private Vacations Market by Country
- 4.6 Europe Others Market by Country
- Chapter 5. Europe Luxury Travel Market by Age Group
- 5.1 Europe Baby Boomers Market by Country
- 5.2 Europe Generation X Market by Country
- 5.3 Europe Millennial Market by Country
- 5.4 Europe Silver Hair Market by Country
- Chapter 6. Europe Luxury Travel Market by Country
- 6.1 Germany Luxury Travel Market
- 6.1.1 Germany Luxury Travel Market by Tour
- 6.1.2 Germany Luxury Travel Market by Age Group
- 6.2 UK Luxury Travel Market
- 6.2.1 UK Luxury Travel Market by Tour
- 6.2.2 UK Luxury Travel Market by Age Group
- 6.3 France Luxury Travel Market
- 6.3.1 France Luxury Travel Market by Tour
- 6.3.2 France Luxury Travel Market by Age Group
- 6.4 Russia Luxury Travel Market
- 6.4.1 Russia Luxury Travel Market by Tour
- 6.4.2 Russia Luxury Travel Market by Age Group
- 6.5 Spain Luxury Travel Market
- 6.5.1 Spain Luxury Travel Market by Tour
- 6.5.2 Spain Luxury Travel Market by Age Group
- 6.6 Italy Luxury Travel Market
- 6.6.1 Italy Luxury Travel Market by Tour
- 6.6.2 Italy Luxury Travel Market by Age Group
- 6.7 Rest of Europe Luxury Travel Market
- 6.7.1 Rest of Europe Luxury Travel Market by Tour
- 6.7.2 Rest of Europe Luxury Travel Market by Age Group
- Chapter 7. Company Profiles
- 7.1 TUI Group
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Recent strategies and developments:
- 7.1.4.1 Partnerships, Collaborations, and Agreements:
- 7.1.4.2 Geographical Expansions:
- 7.2 Lindblad Expeditions Holdings, Inc.
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental Analysis
- 7.2.4 Recent strategies and developments:
- 7.2.4.1 Partnerships, Collaborations, and Agreements:
- 7.2.4.2 Acquisition and Mergers:
- 7.3 Thomas Cook (India) Limited (Fairfax Financial Holdings Limited)
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental Analysis
- 7.4 Scott Dunn
- 7.4.1 Company Overview
- 7.4.2 Recent strategies and developments:
- 7.4.2.1 Partnerships, Collaborations, and Agreements:
- 7.4.2.2 Acquisition and Mergers:
- 7.5 Abercrombie & Kent USA, LLC
- 7.5.1 Company Overview
- 7.5.2 Recent strategies and developments:
- 7.5.2.1 Partnerships, Collaborations, and Agreements:
- 7.5.2.2 Acquisitions and Mergers:
- 7.6 Exodus Travels Limited
- 7.6.1 Company Overview
- 7.6.2 Recent strategies and developments:
- 7.6.2.1 Partnerships, Collaborations, and Agreements:
- 7.6.2.2 Acquisition and Mergers:
- 7.7 Travel Edge, Inc. (Navigatr Group)
- 7.7.1 Company Overview
- 7.7.2 Recent strategies and developments:
- 7.7.2.1 Partnerships, Collaborations, and Agreements:
- 7.8 Butterfield & Robinson, Inc.
- 7.8.1 Company Overview
- 7.9 Geographic Expeditions, Inc.
- 7.9.1 Company Overview
- 7.10. Micato Safaris
- 7.10.1 Company Overview
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