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Global Luxury Travel Strategic Business Report 2023: Changing Nature of Luxury Travel Influences Trends

Research and Markets
·4-min read
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Global Market for Luxury Travel

Global Market for Luxury Travel
Global Market for Luxury Travel

Dublin, Feb. 21, 2023 (GLOBE NEWSWIRE) -- The "Luxury Travel: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Luxury Travel estimated at US$1.1 Trillion in the year 2022, is projected to reach a revised size of US$2.3 Trillion by 2030, growing at a CAGR of 9% over the analysis period 2022-2030.

Adventure & Safari, one of the segments analyzed in the report, is projected to record a 9.7% CAGR and reach US$1 Trillion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Culinary Travel & Shopping segment is readjusted to a revised 10.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $308.5 Billion, While China is Forecast to Grow at 12.8% CAGR

The Luxury Travel market in the U.S. is estimated at US$308.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$499.4 Billion by the year 2030 trailing a CAGR of 12.8% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.5% and 7.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$326.3 Billion by the year 2030.

Select Competitors (Total 63 Featured) -

  • Abercrombie & Kent USA, LLC

  • Butterfield & Robinson

  • Cox & Kings Ltd.

  • Kensington Tours Ltd.

  • Ker and Downey

  • Micato Safaris

  • Tauck, Inc.

  • Thomas Cook Ltd.

  • Travcoa

  • TUI AG

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

  • Global competitiveness and key competitor percentage market shares

  • Market presence across multiple geographies - Strong/Active/Niche/Trivial

  • Online interactive peer-to-peer collaborative bespoke updates

  • Access to digital archives and Research Platform

  • Complimentary updates for one year

Report Metrics:

Report Attribute

Details

No. of Pages

284

Forecast Period

2022 - 2030

Estimated Market Value (USD) in 2022

$1.1 Trillion

Forecasted Market Value (USD) by 2030

$2.3 Trillion

Compound Annual Growth Rate

9.7%

Regions Covered

Global

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights

  • World Market Trajectories

  • Luxury Travel - Global Key Competitors Percentage Market Share in 2022 (E)

  • Impact of COVID-19 Pandemic and a Looming Global Recession

  • Luxury Travel: An Introduction

  • Global Market Prospects & Outlook

  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Luxury Travel: An Important Indicator of Economic Development

  • Changing Nature of Luxury Travel Influences Trends

  • Notable Trends in the Luxury Travel Market

  • Sustainable Travel: An Important Luxury Travel Trend in the Post Pandemic Period

  • Business Travel Trends to Influence Demand Dynamics of Luxury Travel Market

  • Consumer Inclination towards Unique and Exotic Holiday Experiences Bodes Well for the Market

  • Rise in Affluent and Elite Population & Millionaires in Developing Economies to Drive Long-term Growth

  • Micro Trips: Potential Opportunities for Luxury Travel

  • Luxury Sports Tourism: The Latest Travel Trend

  • Personalization of Travel Experiences: An Important Aspect Drawing Luxury Travelers

  • Growing Role of Digital Technologies in Luxury Travel

  • Amidst COVID-19 Pandemic, International Luxury Travel Moves Online

  • Luxury Cruise & Yachting Market: Significant Impact of COVID-19 Pandemic

  • Adventure & Safaris: A Key Segment

  • Culinary Travels: Providing Unique Food & Drink Experiences to Elite Travelers

  • Luxury Travel Marketing Moves Focuses on Customization

  • Social Media Emerges as a Significant Influencer in Luxury Travel

  • Key Challenges Facing Luxury Travel Market

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/4okski-travel?w=12

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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