The global demand for Luxury Travel Market is presumed to reach the market size of nearly USD 4.08 BN by 2030 from USD 2.14 BN in 2022 with a CAGR of 8.4% under the study period 2023 - 2030.
Luxury travel refers to a premium and exclusive form of travel that focuses on providing high-end experiences, personalized services, and luxurious amenities to discerning travellers. It caters to individuals or groups seeking unique, lavish, and extraordinary travel experiences, often characterized by comfort, privacy, and exclusivity. It encompasses various aspects of the travel experience, including transportation, accommodation, dining, activities, and services. It goes beyond basic necessities and offers exceptional quality, attention to detail, and customized itineraries to meet the specific preferences and desires of affluent travellers.
The rising number of affluent individuals with increased wealth and disposable income is expanding the customer base for luxury travel. Affluent travellers aspire to unique and memorable experiences, seeking extraordinary adventures and exclusive access. Personalization and customization are key drivers, as luxury travellers value highly tailored itineraries and personalized services. Exclusivity and privacy are important considerations, with access to private resorts, villas, and remote destinations being sought after. The focus on wellness and well-being has also influenced this market, with travellers seeking rejuvenating experiences and wellness-focused activities. Authentic and immersive experiences that allow connections with local cultures and traditions are also desired. Technological advancements enable seamless booking experiences and personalized services. The demand for sustainable and responsible luxury travel is growing as travellers seek eco-friendly accommodations and ethical tourism practices. Special occasions and celebrations drive luxury travel demand as travellers desire exceptional and unforgettable experiences.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of luxury travel. The growth and trends of luxury travel industry provide a holistic approach to this study.
This section of the luxury travel market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Tour
By Age Group
This section covers the regional outlook, which accentuates current and future demand for the Luxury Travel market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Luxury Travel market include TUI Group, Butterfield & Robinson Inc., Cox & Kings Ltd., Scott Dunn Ltd., Abercrombie & Kent USA LLC, Lindblad Expeditions, Geographic Expeditions Inc., Micato Safaris, Exodus Travels Limited, and Travel Edge (Canada) Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . LUXURY TRAVEL – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Tour
3.7.2 Market Attractiveness Analysis By Age Group
3.7.3 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL LUXURY TRAVEL MARKET ANALYSIS BY TOUR
5.1 Overview by Tour
5.2 Historical and Forecast Data
5.3 Analysis by Tour
5.4 Customized & Private Vacations Historic and Forecast Sales by Regions
5.5 Safari & Adventure Historic and Forecast Sales by Regions
5.6 Cruises, Yachting & Small Ship Expeditions Historic and Forecast Sales by Regions
5.7 Celebration Journeys Historic and Forecast Sales by Regions
5.8 Culinary Travel & Shopping Historic and Forecast Sales by Regions
5.9 Others Historic and Forecast Sales by Regions
6 . GLOBAL LUXURY TRAVEL MARKET ANALYSIS BY AGE GROUP
6.1 Overview by Age Group
6.2 Historical and Forecast Data
6.3 Analysis by Age Group