Luxury Travel Market to Record Growth of $1,232.77 Billion During 2021-2025

Check out key highlights on global trends impacting the future of luxury travel market research: . Download a free sample report

Scope of Luxury Travel Market Report:

Report cover

Details

Year of reference

2020

Forecast period

2021-2025

Incremental growth

$1,232.77 billion

CAGR

25.70% deceleration

Number of pages

120

Segmentation

By Geography:-

  • Europe
  • North America
  • APAC
  • AEM
  • South America

By type:-

  • Adventure
  • Custom
  • Cruising and yachting
  • Culinary
  • Others

By the consumer: –

Drivers

  • Increase disposable income
  • Advances in technology
  • Growing digital connectivity

Challenges

  • Uneven quality of service
  • Threat of natural calamities and other problems
  • Travel fatigue

Tendencies

  • Trendy sports tourism
  • Growing demand for multi-generational and micro travel
  • Better acceptance of online travel agencies

Factors such as increasing disposable incomes and advancements in technology will provide immense opportunities for growth. To take advantage of current opportunities, market vendors need to strengthen their presence in fast-growing segments while maintaining their positions in slow-growing segments. The luxury travel market is fragmented and the degree of fragmentation will slow down over the forecast period.

Luxury Travel Market 2021-2025: Segmentation

The luxury travel market is segmented as follows:

  • Type
    • Adventure
    • Custom
    • Cruising and yachting
    • Culinary
    • Others
  • Geography
    • Europe
    • North America
    • APAC
    • AEM
    • South America
  • Consumer

Dig deeper for comprehensive analytical insights

Luxury Travel Market 2021-2025: Vendor Analysis and Scope

To help companies improve their position in the market, Technavio’s report provides a detailed analysis of the vendors operating in the market. Some of the leading providers in the luxury travel market include Abercrombie & Kent USA LLC, Absolute Travel Inc., Butterfield & Robinson Inc., Classic Journeys, Cox & Kings Ltd., Indigenous Tourism BC, Odyssey World, Responsible Travel, Scott Dunnand Travelopia.

The report also covers the following areas:

  • Luxury travel market size
  • Luxury Travel Market Trends
  • Luxury Travel Market Industry Analysis

The luxury travel market is fragmented and the degree of fragmentation will slow down. The increase in disposable income will provide immense opportunities for growth. However, the inconsistent quality of service will hamper the growth of the market.

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Drawing on competitive insights and benchmarking, our Luxury Travel Market research report is designed to provide entry assistance, customer profiling and M&A, as well as support for the go-to-market strategy.

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Luxury Travel Market 2021-2025: Key Highlights

  • Market CAGR over the forecast period 2021-2025
  • Detailed information on the factors that will contribute to the growth of the luxury travel market over the next five years
  • Estimation of the luxury travel market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the luxury travel market
  • Market Competitive Landscape Analysis and Detailed Vendor Information
  • Comprehensive details of the factors that will challenge the growth of the luxury travel market vendors

Contents:

Summary

Market landscape

  • Market ecosystem
  • Value chain analysis

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market Outlook: Predictions for 2020 – 2025

Five forces analysis

  • Summary of the five forces
  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market segmentation by type

  • Market segments
  • Comparison by type
  • Adventure – Market size and forecast 2020-2025
  • Custom – Market size and forecast 2020-2025
  • Cruise and yachting – Market size and forecast 2020-2025
  • Culinary – Market size and forecast 2020-2025
  • Others – Market size and forecast 2020-2025
  • Market Opportunity by Type

Market segmentation by consumer

  • Market segments
  • Comparison by consumer
  • National – Market size and forecast 2020-2025
  • International – Market size and forecast 2020-2025
  • Market opportunity by consumer

Customer landscape

Geographic landscape

  • Geographic segmentation
  • Geographic comparison
  • Europe – Market size and forecast 2020-2025
  • North America – Market size and forecast 2020-2025
  • APAC – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • Main leading countries
  • Market Opportunity by Geography
  • Market factors
  • Market challenges
  • Market trends

Supplier Landscape

  • Overview
  • Supplier Landscape
  • Landscape disturbance

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • Abercrombie & Kent USA LLC
  • Absolute Travel Inc.
  • Butterfield & Robinson Inc.
  • Classic trips
  • Cox & Kings Ltd.
  • Aboriginal Tourism BC
  • Odyssey World
  • Responsible travel
  • Scott Dunn
  • Travelopia

appendix

  • Report scope
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

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