Summary

Global Luxury Travel Market is valued approximately USD 1980.72 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.90 % over the forecast period 2021-2027. Traveling preference is growing as people embraces adventures thus, the demand for luxurious travelling increases. So, companies are planning unique holiday packages for customers which is customizable. It is a personalized service, which include reliable transport, exotic stays and many more. The increasing use of social media is driving the growth for the luxury travel market. For instance: as per Statista, May 2021, there are over 1 billion Instagram monthly active users worldwide. And the increase in luxury travel is increase as the millennials are eager to spend more. According to the Hospitality Net, consumers earning more than USD 100,000 or more are driving the growth for the luxury travel market in 2021 around 34% population of U.S. have booked a trip which was only 19% in 2020. Also, with the increasing digitalization the demand for luxury travel is likely to increase the market growth during the forecast period. However, luxury travel is expensive which impedes the growth of the market over the forecast period of 2021-2027.

The key regions considered for the global Luxury Travel market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the significant region across the world in terms of market share of luxury travel market owing to the most popular tourist destination for people across the world which is keeping the region leader for the forecasted period. Whereas, Asia-Pacific is the fastest growing region market over the forecasted period. As the rise in spending power and improving the standard of living would create lucrative growth prospects for the Luxury Travel market across Asia-Pacific region.

Major market player included in this report are:
Abercrombie & Kent USA
LLC
Cox & Kings Ltd
Travcoa
Micato Safaris
Ker & Downey
Tauck
Thomas Cook Group PLC
Scott Dunn Ltd
Kensington Tours

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Tour Outlook:
Customized & Private Vacations
Safari & Adventure
Cruises
Yachting & Small Ship Expeditions
Celebration Journeys
Culinary Travel & Shopping
Others
By Age Group Outlook:
Millennial
Generation X
Baby Boomers
Silver Hair
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Luxury Travel Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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Table of Contents

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Luxury Travel Market, by Region, 2019-2027 (USD Billion)
1.2.2. Luxury Travel Market, by Tour Outlook, 2019-2027 (USD Billion)
1.2.3. Luxury Travel Market, by Age Group Outlook, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Luxury Travel Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Luxury Travel Market Dynamics
3.1. Luxury Travel Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Increasing use of social media
3.1.2. Market Challenges
3.1.2.1. Luxury travel is expensive
3.1.3. Market Opportunities
3.1.3.1. Increasing digitalization
Chapter 4. Global Luxury Travel Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Luxury Travel Market, by Tour Outlook
6.1. Market Snapshot
6.2. Global Luxury Travel Market by Tour Outlook, Performance - Potential Analysis
6.3. Global Luxury Travel Market Estimates & Forecasts by Tour Outlook 2018-2027 (USD Billion)
6.4. Luxury Travel Market, Sub Segment Analysis
6.4.1. Customized & Private Vacations
6.4.2. Safari & Adventure
6.4.3. Cruises
6.4.4. Yachting & Small Ship Expeditions
6.4.5. Celebration Journeys
6.4.6. Culinary Travel & Shopping
6.4.7. Others
Chapter 7. Global Luxury Travel Market, by Age Group Outlook
7.1. Market Snapshot
7.2. Global Luxury Travel Market by Age Group Outlook, Performance - Potential Analysis
7.3. Global Luxury Travel Market Estimates & Forecasts by Age Group Outlook 2018-2027 (USD Billion)
7.4. Luxury Travel Market, Sub Segment Analysis
7.4.1. Millennial
7.4.2. Generation X
7.4.3. Baby Boomers
7.4.4. Silver Hair
Chapter 8. Global Luxury Travel Market, Regional Analysis
8.1. Luxury Travel Market, Regional Market Snapshot
8.2. North America Luxury Travel Market
8.2.1. U.S. Luxury Travel Market
8.2.1.1. Tour Outlook breakdown estimates & forecasts, 2018-2027
8.2.1.2. Age Group Outlook breakdown estimates & forecasts, 2018-2027
8.2.2. Canada Luxury Travel Market
8.3. Europe Luxury Travel Market Snapshot
8.3.1. U.K. Luxury Travel Market
8.3.2. Germany Luxury Travel Market
8.3.3. France Luxury Travel Market
8.3.4. Spain Luxury Travel Market
8.3.5. Italy Luxury Travel Market
8.3.6. Rest of Europe Luxury Travel Market
8.4. Asia-Pacific Luxury Travel Market Snapshot
8.4.1. China Luxury Travel Market
8.4.2. India Luxury Travel Market
8.4.3. Japan Luxury Travel Market
8.4.4. Australia Luxury Travel Market
8.4.5. South Korea Luxury Travel Market
8.4.6. Rest of Asia Pacific Luxury Travel Market
8.5. Latin America Luxury Travel Market Snapshot
8.5.1. Brazil Luxury Travel Market
8.5.2. Mexico Luxury Travel Market
8.6. Rest of The World Luxury Travel Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Abercrombie & Kent USA
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. LLC
9.2.3. Cox & Kings Ltd
9.2.4. Travcoa
9.2.5. Micato Safaris
9.2.6. Ker & Downey
9.2.7. Tauck
9.2.8. Thomas Cook Group PLC
9.2.9. Scott Dunn Ltd
9.2.10. Kensington Tours
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption