At 8.5% CAGR, Luxury Travel Market Size is expected Growth, Forecast to 2024 – Research Report by 360 Research Report
[2019-2024] In the strategy analysis, Luxury Travel report gives insights from marketing channel and market positioning to potential growth strategies, providing in-depth analysis for new competitors or exists competitors in the Luxury Travel industry. The key countries of Luxury Travel in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
Report Name: -“Global Luxury Travel Market Growth (Status and Outlook) 2019-2024”.
According to recent analysis, A GlobalLuxury Travel marketreport provides in-depth unique Insights with Size, Share, Trends, Scope, Growth, Manufacturers, Suppliers, Distributors, Traders, Customers, Investors and Major Types as well as Applications and Forecast Period (2019 2024).The report covers an in depth description, competitive scenario, wide product portfolio of key vendors and business strategy adopted by competitors along with their SWOT analysis, revenue, sales and tactical decision-making.
Luxury Travel Market Overview:-
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.
According to this study, over the next five years the Luxury Travel market will register a 8.5% CAGR in terms of revenue, the global market size will reach US$ 8460 million by 2024, from US$ 5200 million in 2019. In particular, this report presents the global revenue market share of key companies in Luxury Travel business, shared in Chapter 3.
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This report presents a comprehensive overview, market shares, and growth opportunities of Luxury Travel market by product type, application, key manufacturers and key regions.
Luxury Travelmarket Top Key Players:
- 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
Luxury TravelProduction Breakdown Data byTop Region:
- United States (Canada, Mexico)
- Europe (Germany, France, UK, Italy, Russia, Spain)
- APAC (China, Japan, Korea, Australia)
- Africa (Egypt, Israel, Turkey)
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyses key emerging trends and their impact on present and future development.
By the product type, the Luxury Travel marketis primarily split into:
- Customized and Private Vacation
- Adventure and Safari
- Small Group Journey
- Celebration and Special Event
By the end users/application, Luxury Travel marketreport coversthe following segments:
- Generation X
- Baby Boomers
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The study objectives of this report are:
- To study and analyze the global Luxury Travel consumption (value and volume) by key regions/countries, product type and application, history data from 2014 to 2019, and forecast to 2024.
- To understand the structure of Luxury Travel market by identifying its various sub segments.
Focuses on the key global Luxury Travel manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Luxury Travel with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Luxury Travel submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Contents:
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Luxury Travel Consumption 2014-2024
2.1.2 Luxury Travel Consumption CAGR by Region
2.2 Luxury Travel Segment by Type
2.3 Luxury Travel Consumption by Type
2.3.1 Global Luxury Travel Consumption Market Share by Type (2014-2019)
2.3.2 Global Luxury Travel Revenue and Market Share by Type (2014-2019)
2.3.3 Global Luxury Travel Sale Price by Type (2014-2019)
2.4 Luxury Travel Consumption by Application
2.4.1 Global Luxury Travel Consumption Market Share by Application (2014-2019)
2.4.2 Global Luxury Travel Value and Market Share by Application (2014-2019)
2.4.3 Global Luxury Travel Sale Price by Application (2014-2019)
3 Global Luxury Travel by Players
3.1 Global Luxury Travel Sales Market Share by Players
3.1.1 Global Luxury Travel Sales by Players (2017-2019)
3.1.2 Global Luxury Travel Sales Market Share by Players (2017-2019)
3.2 Global Luxury Travel Revenue Market Share by Players
3.2.1 Global Luxury Travel Revenue by Players (2017-2019)
3.2.2 Global Luxury Travel Revenue Market Share by Players (2017-2019)
3.3 Global Luxury Travel Sale Price by Players
3.4 Global Luxury Travel Manufacturing Base Distribution, Sales Area, Product Types by Players
3.4.1 Global Luxury Travel Manufacturing Base Distribution and Sales Area by Players
4 Luxury Travel by Regions
4.1 Luxury Travel by Regions
4.1.1 Global Luxury Travel Consumption by Regions
4.1.2 Global Luxury Travel Value by Regions
4.2 Americas Luxury Travel Consumption Growth
4.3 APAC Luxury Travel Consumption Growth
4.4 Europe Luxury Travel Consumption Growth
4.5 Middle East and Africa Luxury Travel Consumption Growth
5.1 Americas Luxury Travel Consumption by Countries
5.1.1 Americas Luxury Travel Consumption by Countries (2014-2019)
5.1.2 Americas Luxury Travel Value by Countries (2014-2019)
5.2 Americas Luxury Travel Consumption by Type
5.3 Americas Luxury Travel Consumption by Application
5.4 United States
5.7 Key Economic Indicators of Few Americas Countries
6.1 APAC Luxury Travel Consumption by Countries
6.1.1 APAC Luxury Travel Consumption by Countries (2014-2019)
6.1.2 APAC Luxury Travel Value by Countries (2014-2019)
6.2 APAC Luxury Travel Consumption by Type
6.3 APAC Luxury Travel Consumption by Application
6.7 Southeast Asia
7.1 Europe Luxury Travel by Countries
7.1.1 Europe Luxury Travel Consumption by Countries (2014-2019)
7.1.2 Europe Luxury Travel Value by Countries (2014-2019)
7.2 Europe Luxury Travel Consumption by Type
7.3 Europe Luxury Travel Consumption by Application
8 Middle East and Africa
8.1 Middle East and Africa Luxury Travel by Countries
8.1.1 Middle East and Africa Luxury Travel Consumption by Countries (2014-2019)
8.1.2 Middle East and Africa Luxury Travel Value by Countries (2014-2019)
8.2 Middle East and Africa Luxury Travel Consumption by Type
8.3 Middle East and Africa Luxury Travel Consumption by Application
In the end, Luxury Travel market report undertakes the new project,key development areas, business overview, product specification, SWOT analysis, investment feasibility analysis, return analysis, and development trends.The study also presents a round-up of exposures which companies operating in the market and must be avoided in order to enjoy bearable growth through the course of the forecast period.
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