Global Luxury Travel Market Growth (Status and Outlook) 2025-2031

Global Luxury Travel Market Growth (Status and Outlook) 2025-2031

The global Luxury Travel market size is predicted to grow from US$ 25490 million in 2025 to US$ 42080 million in 2031; it is expected to grow at a CAGR of 8.7% from 2025 to 2031.

Luxury travel today is defined less by thread count and Michelin stars and more by access to the people, places and experiences that represent all that is authentic about a destination. There’s no denying that comfort factors still apply and high standards of accommodation and dining will always feature on the luxury traveller’s wish list. However, today’s luxury traveller seeks more depth of understanding and immersion into local culture than ever before. People don’t just want to see – they want to participate. The sales process is also critical and whilst the online proposition can be an asset in terms of booking more simple arrangements, clients looking for luxury experiential travel require a deep level of sophisticated knowledge and confidence during the sales process.

Asia-Pacific is the largest Luxury Travel market with about 33% market share. Europe is follower, accounting for about 30% market share.The key manufacturers are TUI Group, Thomas Cook Group, Jet2 Holidays, Cox & Kings Ltd, Lindblad Expeditions, Travcoa, Scott Dunn, Abercrombie & Kent Ltd, Micato Safaris, Tauck, Al Tayyar, Backroads, Zicasso, Exodus Travels, Butterfield & Robinson etc. Top 5 companies occupied about 14% market share.

LPI (LP Information)' newest research report, the “Luxury Travel Industry Forecast” looks at past sales and reviews total world Luxury Travel sales in 2024, providing a comprehensive analysis by region and market sector of projected Luxury Travel sales for 2025 through 2031. With Luxury Travel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Luxury Travel industry.

This Insight Report provides a comprehensive analysis of the global Luxury Travel landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Luxury Travel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Luxury Travel market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Luxury Travel and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Luxury Travel.

This report presents a comprehensive overview, market shares, and growth opportunities of Luxury Travel market by product type, application, key players and key regions and countries.

Segmentation by Type:
Customized and Private Vacation
Adventure and Safari
Cruise/Ship Expedition
Small Group Journey
Celebration and Special Event
Others

Segmentation by Application:
Millennial
Generation X
Baby Boomers

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
TUI Group
Thomas Cook Group
Jet2 Holidays
Cox & Kings Ltd
Lindblad Expeditions
Travcoa
Scott Dunn
Abercrombie & Kent Ltd
Micato Safaris
Tauck
Al Tayyar
Backroads
Zicasso
Exodus Travels
Butterfield & Robinson