Major players in the Luxury Travel market are profiled with company overview, financial overview, product portfolios, recent developments, and strengths and weaknesses. Top Players are: TUI Group, Thomas Cook Group, Jet2 Holidays, Cox & Kings Ltd, Lindblad Expeditions, Travcoa, Scott Dunn
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global “Luxury Travel Market” 2022 Research Report provides meticulous information about industry top players and the upcoming competitors. The report strives to maintain thorough analytical accuracy and providing validated assessment of global market. Also, this report presents a detailed evaluation of various factors i.e. recent trends, development strategy, growth opportunities, risk, barriers, technological advancement, and dynamic structure of the market. An absolute study of prime players at intervals, the market highlights weightlessness of their product description, regional outline, and business tactic. It also includes the limitations and challenges that offers relevant countermeasures.
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About 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.
Growing inclination of people towards unique and exotic holiday experiences, rise in middle and upper middle class spending and the increasing impact of social media on travel industry are the key factors that drive the market growth. Emerging new destinations coupled with rising service standards in the travel industry, is anticipated to further drive the demand for luxury travel, globally.
The Small Group Journey segment accounted for about 44% of the overall luxury travel market revenue, by tour type in 2015, as this is identified as the most popular vacation option among young and middle age group travelers. In addition, Customized and Private Vacation aimed at culinary and shopping, would witness the fastest growth, registering a CAGR of 9.1% during the forecast period. An increasing number of luxury travelers are indulging in these tours as they enable these travelers to experience the finest local delicacies and also buy some of the most exquisite handicrafts. These trips are getting popular among travelers of all age groups, especially the millennials (21 – 30 years). In 2015, approximately 45% of millennials took a trip based on culinary interest.
In 2018, the global Luxury Travel market size was 5200 million USD and it is expected to reach 9920 million USD by the end of 2025, with a CAGR of 8.4% during 2019-2025.
This report focuses on the global Luxury Travel status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Luxury Travel development in United States, Europe and China.
The global Luxury Travel market report provides decisive research outcomes to aiding their path of making crucial business decision by compiling the research with evidences and actionable information. Besides, detailed information about the upcoming strategies executed by industry leaders provides to help new entrants and elevating their positioning. Likewise, the Luxury Travel market report is designed with advanced methodologies along with the sales and provider analysis.
Global Luxury Travel Market Competition by TOP MANUFACTURERS,with production, price, revenue (value) and each manufacturer including:
- TUI Group
- Thomas Cook Group
- Jet2 Holidays
- Cox and Kings Ltd
- Lindblad Expeditions
- Scott Dunn
- Abercrombie and Kent Ltd
- Micato Safaris
- Al Tayyar
- Exodus Travels
- Butterfield and Robinson
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Further, it fragments this vertical into multiple segments based on product demand, application scope, technological innovations, and regional market growth to identify and clarify the revenue generation. The report provides a study with an in-depth overview, describing the product types, application, industry scope and elaborates market outlook and status (2019-2025).
On the basis of product,this report displays the production, revenue, price, market share and growth rate of each type, primarily split into:
- Customized and Private Vacation
- Adventure and Safari
- Cruise/Ship Expedition
- Small Group Journey
- Celebration and Special Event
On the basis of the end users/applications,this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including:
- Generation X
- Baby Boomers
Geographically, the detailed analysis of consumption,revenue, market share and growth rate, historic and forecast (2014-2025) of the following regions are covered:
Regions Covered in Luxury Travel Market Report:
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil etc.)
- Middle East and Africa (Egypt and GCC Countries)
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Major highlights of the Luxury Travel market report:
- Important insights about the past records and future predictions with respect to production rate, value, and growth rate of all the product varieties are documented.
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- It evaluates the consumption, value, and growth rate for each application over the forecast timeline.
- Important details regarding the manufactured products, pricing patterns, sales, remunerations, and gross margins of the enlisted firms are specified.
- The study encloses PEST analysis with an aim to cater to both present and newcomers in the industry.
- An exclusive market entry strategy analysis is included in the document, inclusive of critical data on clients, distribution model, product positioning, and pricing models.
Key Questions Answered in the Report:
- What is the growth potential of the Luxury Travel Market? What will be the market size during this estimated period? Who are the leading companies on the Luxury Travel Market?
- Which application segment will experience strong growth? What are the most significant challenges that the Luxury Travel Market could face in the future?
- What are the opportunities business owners can rely upon to earn more profits and stay competitive during the estimated period?
- A neutral perspective towards Global Luxury Travel Market Performance, Potential and niche segments/regions exhibiting promising growth
- What will be the growth rate of the Global Luxury Travel Market for the forecast period 2022 to 2025? What are the main trends that are positively impacting the growth of the market?
- What will be the growth areas within the market space and where should the participant focus to gain maximum ROI?
- Who are the prominent industries players dominating the Global Luxury Travel Market and what are their business strategies to stay ahead in the competition against their rivals?
- What kind of challenges hindering the development of the industry worldwide?
- What growth opportunities might arise in the Luxury Travel industry in the years to come?
- What growth strategies are the players considering to stay in the Luxury Travel Market?
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With tables and figures helping analyze worldwide Global Luxury Travel market growth factors, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
Key Points from TOC:
1 Study Coverage
1.1 Luxury Travel Product
1.2 Key Market Segments in This Study
1.3 Key Manufacturers Covered
1.4 Market by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Executive Summary
2.1 Global Luxury Travel Market Size
2.1.1 Global Luxury Travel Revenue 2014-2025
2.1.2 Global Luxury Travel Production 2014-2025
2.2 Luxury Travel Growth Rate (CAGR) 2019-2025
2.3 Analysis of Competitive Landscape
2.3.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
2.3.2 Key Luxury Travel Manufacturers
126.96.36.199 Luxury Travel Manufacturing Base Distribution, Headquarters
188.8.131.52 Manufacturers Luxury Travel Product Offered
184.108.40.206 Date of Manufacturers Enter into Luxury Travel Market
2.4 Key Trends for Luxury Travel Markets and Products
3 Market Size by Manufacturers
3.1 Luxury Travel Production by Manufacturers
3.2 Luxury Travel Revenue by Manufacturers
3.3 Luxury Travel Price by Manufacturers
3.4 Mergers and Acquisitions, Expansion Plans
4 Luxury Travel Production by Regions
4.1 Global Luxury Travel Production by Regions
4.1.1 Global Luxury Travel Production Market Share by Regions
4.1.2 Global Luxury Travel Revenue Market Share by Regions
4.2 United States
4.2.1 United States Luxury Travel Production
4.2.2 United States Luxury Travel Revenue
4.2.3 Key Players in United States
4.2.4 United States Luxury Travel Import and Export
4.6 South Korea
4.8 Other Regions
5 Luxury Travel Consumption by Regions
5.1 Global Luxury Travel Consumption by Regions
5.2 North America
5.4 Asia Pacific
5.5 Central and South America
5.6 Middle East and Africa
6 Market Size by Type
6.1 Global Luxury Travel Production by Type
6.2 Global Luxury Travel Revenue by Type
6.3 Luxury Travel Price by Type
7 Market Size by Application
7.2 Global Luxury Travel Breakdown Dada by Application
7.2.1 Global Luxury Travel Consumption by Application
7.2.2 Global Luxury Travel Consumption Market Share by Application (2014-2019)
8 Key Industry Players
8.1 Company A
8.1.1 Company Details
8.1.2 Production and Revenue of Luxury Travel
8.1.3 Luxury Travel Product Description
8.1.4 SWOT Analysis
8.1.5 Audi Economic Activity and Plans
9 Entry Strategy for Key Countries
9.1 Entry Strategy for United States Market
9.2 Entry Strategy for China Market
9.3 Entry Strategy for India Market
10 Production Forecasts
10.1 Luxury Travel Production and Revenue Forecast
10.2 Luxury Travel Production and Revenue Forecast by Regions
10.3 Luxury Travel Key Producers Forecast
10.4 Forecast by Type
11 Consumption Forecast
11.1 Luxury Travel Consumption Forecast by Application
11.2 Luxury Travel Consumption Forecast by Regions
11.3 North America Market Consumption Forecast
11.4 Europe Market Consumption Forecast
11.5 Asia Pacific Market Consumption Forecast
11.6 Central and South America Market Consumption Forecast
11.7 Middle East and Africa Market Consumption Forecast
12 Opportunities and Challenges, Threat and Affecting Factors
12.1 Market Opportunities
12.2 Market Challenges
12.3 Porter’s Five Forces Analysis
13 Key Findings in the Global Luxury Travel Study
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To view the original version on The Express Wire visit Luxury Travel Market Size – Growth Insights 2022 Global Industry Analysis by Upcoming Trends, CAGR Status, Supply-Demand Scenario by Top Regions and Key Players Forecast to 2025