Market Overview:
The global luxury travel market size reached US$ 1,946.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2,616.5 Billion by 2027, exhibiting a growth rate (CAGR) of 4.97% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Luxury travel services deliver premium, exclusive, and personalized facilities to enhance the overall experience of individuals during their stay. These services include in-room dining, plush beds, reliable transport, complimentary Wi-Fi, gourmet meals, and innovative destinations. Nowadays, several travel companies are offering authentic holiday packages with unusual activities, off-the-beaten-track destinations, and 24 hours per day support to attract a broad consumer base and maintain a competitive edge. Moreover, the growing focus on unique trips with cultural visits, cruising, and adventurous sports is catalyzing the demand for luxury travel services across the globe.
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
Luxury Travel Market Trends:
The growing willingness among individuals to spend on leisure activities with exotic holiday experiences on account of inflating disposable incomes and improving transport facilities represents one of the significant factors fueling the market growth. In addition, the emerging trend of modern campsites or innovative glamping accommodations, coupled with the rising awareness among people about eco-friendly travel solutions, is positively influencing the demand for luxury travel worldwide. Apart from this, numerous travel companies are adopting advanced technologies, such as artificial intelligence (AI), to allow travelers to book their trips online, get better access to travel data, compare reservation options, and reduce time and effort. These companies are also focusing on the adoption of various measures to prevent the spread of the coronavirus disease (COVID-19) pandemic, which is impelling the market growth. Moreover, several enterprises are adopting Bleisure travel, which incorporates business with pleasure elements as well as offers recreational activities to relieve stress and improve work efficiency. In line with this, rapid globalization and the increasing number of multinational companies (MNCs) are encouraging the demand for luxury business travel around the world.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global luxury travel market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type of tour, age group and type of traveller.
Breakup by Type of Tour:
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
- Customized and Private Vacation
- Adventure and Safari
- Cruise and Ship Expedition
- Small Group Journey
- Celebration and Special Event
- Culinary Travel and Shopping
Breakup by Age Group:
- Millennial (21-30)
- Generation X (31-40)
- Baby Boomers (41-60)
- Silver Hair (60 and above)
Breakup by Type of Traveller:
- Absolute Luxury
- Aspiring Luxury
- Accessible Luxury
Breakup by Region:
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- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Abercrombie & Kent USA LLC., Butterfield & Robinson Inc., Cox & Kings Ltd., Exodus Travels Limited (Travelopia), Kensington Tours Ltd., Micato Safaris, Scott Dunn Ltd., Tauck, Thomascook.in (Fairbridge Capital (Mauritius) Limited) and TUI Group.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Type of Tour, Age Group, Type of Traveller, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
Abercrombie & Kent USA LLC., Butterfield & Robinson Inc., Cox & Kings Ltd., Exodus Travels Limited (Travelopia), Kensington Tours Ltd., Micato Safaris, Scott Dunn Ltd., Tauck, Thomascook.in (Fairbridge Capital (Mauritius) Limited) and TUI Group |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global luxury travel market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global luxury travel market?
- What are the key regional markets?
- What is the breakup of the market based on the type of tour?
- What is the breakup of the market based on the age group?
- What is the breakup of the market based on the type of traveller?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global luxury travel market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Luxury Travel Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type of Tour
6.1 Customized and Private Vacation
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Adventure and Safari
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Cruise and Ship Expedition
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Small Group Journey
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Celebration and Special Event
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Culinary Travel and Shopping
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Age Group
7.1 Millennial (21-30)
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Generation X (31-40)
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Baby Boomers (41-60)
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Silver Hair (60 and above)
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Type of Traveller
8.1 Absolute Luxury
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Aspiring Luxury
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Accessible Luxury
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Abercrombie & Kent USA LLC.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Butterfield & Robinson Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Cox & Kings Ltd.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4 Exodus Travels Limited (Travelopia)
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Kensington Tours Ltd.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Micato Safaris
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Scott Dunn Ltd.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Tauck
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Thomascook.in (Fairbridge Capital (Mauritius) Limited)
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.10 TUI Group
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
List of Figures
Figure 1: Global: Luxury Travel Market: Major Drivers and Challenges
Figure 2: Global: Luxury Travel Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Luxury Travel Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Luxury Travel Market: Breakup by Type of Tour (in %), 2021
Figure 5: Global: Luxury Travel Market: Breakup by Age Group (in %), 2021
Figure 6: Global: Luxury Travel Market: Breakup by Type of Traveller (in %), 2021
Figure 7: Global: Luxury Travel Market: Breakup by Region (in %), 2021
Figure 8: Global: Luxury Travel (Customized and Private Vacation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Luxury Travel (Customized and Private Vacation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Luxury Travel (Adventure and Safari) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Luxury Travel (Adventure and Safari) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Luxury Travel (Cruise and Ship Expedition) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Luxury Travel (Cruise and Ship Expedition) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Luxury Travel (Small Group Journey) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Luxury Travel (Small Group Journey) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Luxury Travel (Celebration and Special Event) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Luxury Travel (Celebration and Special Event) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Luxury Travel (Culinary Travel and Shopping) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Luxury Travel (Culinary Travel and Shopping) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Luxury Travel (Millennial (21-30)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Luxury Travel (Millennial (21-30)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Luxury Travel (Generation X (31-40)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Luxury Travel (Generation X (31-40)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Luxury Travel (Baby Boomers (41-60)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Luxury Travel (Baby Boomers (41-60)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Luxury Travel (Silver Hair (60 and above)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Luxury Travel (Silver Hair (60 and above)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Luxury Travel (Absolute Luxury) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Luxury Travel (Absolute Luxury) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Luxury Travel (Aspiring Luxury) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Luxury Travel (Aspiring Luxury) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Luxury Travel (Accessible Luxury) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Luxury Travel (Accessible Luxury) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: North America: Luxury Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: North America: Luxury Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: United States: Luxury Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: United States: Luxury Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Canada: Luxury Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Canada: Luxury Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Asia-Pacific: Luxury Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Asia-Pacific: Luxury Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: China: Luxury Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: China: Luxury Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Japan: Luxury Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Japan: Luxury Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: India: Luxury Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: India: Luxury Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: South Korea: Luxury Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: South Korea: Luxury Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Australia: Luxury Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Australia: Luxury Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Indonesia: Luxury Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Indonesia: Luxury Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Others: Luxury Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Others: Luxury Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Europe: Luxury Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Europe: Luxury Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Germany: Luxury Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Germany: Luxury Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: France: Luxury Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: France: Luxury Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: United Kingdom: Luxury Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: United Kingdom: Luxury Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Italy: Luxury Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Italy: Luxury Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Spain: Luxury Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Spain: Luxury Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Russia: Luxury Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Russia: Luxury Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Luxury Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Luxury Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Latin America: Luxury Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Latin America: Luxury Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Brazil: Luxury Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Brazil: Luxury Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Mexico: Luxury Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Mexico: Luxury Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Others: Luxury Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Others: Luxury Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Middle East and Africa: Luxury Travel Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Middle East and Africa: Luxury Travel Market: Breakup by Country (in %), 2021
Figure 82: Middle East and Africa: Luxury Travel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Global: Luxury Travel Industry: SWOT Analysis
Figure 84: Global: Luxury Travel Industry: Value Chain Analysis
Figure 85: Global: Luxury Travel Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Luxury Travel Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Luxury Travel Market Forecast: Breakup by Type of Tour (in Million US$), 2022-2027
Table 3: Global: Luxury Travel Market Forecast: Breakup by Age Group (in Million US$), 2022-2027
Table 4: Global: Luxury Travel Market Forecast: Breakup by Type of Traveller (in Million US$), 2022-2027
Table 5: Global: Luxury Travel Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Luxury Travel Market: Competitive Structure
Table 7: Global: Luxury Travel Market: Key Players