Luxury Travel Market To Surpass $ 353.16 Billion By 2026 | Abercrombie & Kent USA, Absolute Travel
SEATTLE, WA, UNITED STATES, December 7, 2021 /EINPresswire.com/ – The Global luxury travel market is expected to experience significant growth during the forecast period, owing to the increasing number of travelers around the world. According to the World Travel and Tourism Council, global investment in luxury travel and tourism amounted to US $ 4,233.3 billion in 2017, and is expected to reach US $ 6,605.3 billion in 2017. here 2028.
The main companies covered in this study are Abercrombie & Kent USA, Absolute Travel, Inspiring Travel Company, TCS World Travel, TÜ ELITE, Cox & Kings Ltd., Travcoa, Micato Safaris, Scott Dunn Ltd., Kensington Tours Ltd. , Butterfield & Robinson Inc. et al.
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In addition, the expansion of the market is expected to be facilitated by the increased adoption of digital technology. The increasing use of the internet and the high visibility of people on social media platforms are also contributing to the growth of the market. Market players are focusing their efforts on using their social media presence to grow their customer base and build relationships with their customers. The Internet allows you to compare brands and gives you a variety of options. In addition, user-generated travel material has a greater influence than traditional advertising. Due to platforms like Instagram and many blogging sites, the popularity of travel stories has exploded.
Key points of the market:
North America held a dominant position in the market in 2017, accounting for a 32.9% market share, due to the increasing number of first class flights in the region. In the United States, 14 federal agencies spent US $ 8.7 million on 1,903 upgraded flights in 2012 and 2013.
In addition, the growth of the tourism industry has also been a major factor in the growth of the luxury travel market in the region. For example, according to the United Nations World Tourism Organization (UNWTO), in 2017 Latin America and North America together recorded 207 million visits from international tourists.
The main concerns of the report would be:
1. How big is the luxury travel market option?
2. How far will the luxury travel market step towards the end of this forecast?
3. Which regions as well as sub-fragments of luxury travel will experience exceptional growth?
4. How is the administrative situation of Luxury Travel evolving in the economy?
5. What will be the Luxury Travel demand systems to which market associations already adhere?
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