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% 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/ln6m46-travel?w=5
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SOURCE Research and Markets
