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

DUBLIN, Feb. 21, 2023 /PRNewswire/ — 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{32bc5e747b31d501df756e0d52c4fc33c2ecc33869222042bcd2be76582ed298} over the analysis period 2022-2030.

Adventure & Safari, one of the segments analyzed in the report, is projected to record a 9.7{32bc5e747b31d501df756e0d52c4fc33c2ecc33869222042bcd2be76582ed298} 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{32bc5e747b31d501df756e0d52c4fc33c2ecc33869222042bcd2be76582ed298} 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{32bc5e747b31d501df756e0d52c4fc33c2ecc33869222042bcd2be76582ed298} 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{32bc5e747b31d501df756e0d52c4fc33c2ecc33869222042bcd2be76582ed298} over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.5{32bc5e747b31d501df756e0d52c4fc33c2ecc33869222042bcd2be76582ed298} and 7.3{32bc5e747b31d501df756e0d52c4fc33c2ecc33869222042bcd2be76582ed298} respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.1{32bc5e747b31d501df756e0d52c4fc33c2ecc33869222042bcd2be76582ed298} 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:

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/ln6m46-travel?w=5

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