Luxury Travel Market

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.
Luxury Travel Market aims to provide a comprehensive presentation of the global market for Luxury Travel, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Luxury Travel. Luxury Travel Market contains market size and forecasts of Luxury Travel in global, including the following market information:
Global Luxury Travel Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Luxury Travel market was valued at US$ 22840 million in 2022 and is projected to reach US$ 39250 million by 2029, at a CAGR of 8.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the Luxury Travel companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Luxury Travel Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Luxury Travel Market Segment Percentages, by Type, 2022 (%)
Customized and Private Vacation
Adventure and Safari
Cruise/Ship Expedition
Small Group Journey
Celebration and Special Event
Others
Global Luxury Travel Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Luxury Travel Market Segment Percentages, by Application, 2022 (%)
Millennial
Generation X
Baby Boomers
Global Luxury Travel Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Luxury Travel Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Luxury Travel revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Luxury Travel revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Luxury Travel, market overview.
Chapter 2: Global Luxury Travel market size in revenue.
Chapter 3: Detailed analysis of Luxury Travel company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Luxury Travel in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.