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Luxury Travel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global luxury travel market exhibited XX growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026. 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 on different XX. 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.

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 for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on type of tour, age group and type of traveller.

Breakup by Type of Tour:

  • 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:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • 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 Coverages:

Report Features Details
Base Year of the Analysis 2020
    Historical Period 2015-2020
Forecast Period 2021-2026
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
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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$), 2015-2020
Figure 3: Global: Luxury Travel Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Luxury Travel Market: Breakup by Type of Tour (in %), 2020
Figure 5: Global: Luxury Travel Market: Breakup by Age Group (in %), 2020
Figure 6: Global: Luxury Travel Market: Breakup by Type of Traveller (in %), 2020
Figure 7: Global: Luxury Travel Market: Breakup by Region (in %), 2020
Figure 8: Global: Luxury Travel (Customized and Private Vacation) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Luxury Travel (Customized and Private Vacation) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Luxury Travel (Adventure and Safari) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Luxury Travel (Adventure and Safari) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Luxury Travel (Cruise and Ship Expedition) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Luxury Travel (Cruise and Ship Expedition) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Luxury Travel (Small Group Journey) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Luxury Travel (Small Group Journey) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Luxury Travel (Celebration and Special Event) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Luxury Travel (Celebration and Special Event) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Luxury Travel (Culinary Travel and Shopping) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Luxury Travel (Culinary Travel and Shopping) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Luxury Travel (Millennial (21-30)) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Luxury Travel (Millennial (21-30)) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Luxury Travel (Generation X (31-40)) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Luxury Travel (Generation X (31-40)) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Luxury Travel (Baby Boomers (41-60)) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Luxury Travel (Baby Boomers (41-60)) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Luxury Travel (Silver Hair (60 and above)) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Luxury Travel (Silver Hair (60 and above)) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Luxury Travel (Absolute Luxury) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Luxury Travel (Absolute Luxury) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Luxury Travel (Aspiring Luxury) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Luxury Travel (Aspiring Luxury) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Luxury Travel (Accessible Luxury) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Luxury Travel (Accessible Luxury) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: North America: Luxury Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: North America: Luxury Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: United States: Luxury Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: United States: Luxury Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Canada: Luxury Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Canada: Luxury Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Asia-Pacific: Luxury Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Asia-Pacific: Luxury Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: China: Luxury Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: China: Luxury Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Japan: Luxury Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Japan: Luxury Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: India: Luxury Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: India: Luxury Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: South Korea: Luxury Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: South Korea: Luxury Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Australia: Luxury Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Australia: Luxury Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Indonesia: Luxury Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Indonesia: Luxury Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Others: Luxury Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Others: Luxury Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Europe: Luxury Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Europe: Luxury Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Germany: Luxury Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Germany: Luxury Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: France: Luxury Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: France: Luxury Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: United Kingdom: Luxury Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: United Kingdom: Luxury Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Italy: Luxury Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Italy: Luxury Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Spain: Luxury Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Spain: Luxury Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Russia: Luxury Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Russia: Luxury Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Others: Luxury Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Others: Luxury Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Latin America: Luxury Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Latin America: Luxury Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Brazil: Luxury Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Brazil: Luxury Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Mexico: Luxury Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Mexico: Luxury Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Others: Luxury Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Others: Luxury Travel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Middle East and Africa: Luxury Travel Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Middle East and Africa: Luxury Travel Market: Breakup by Country (in %), 2020
Figure 82: Middle East and Africa: Luxury Travel Market Forecast: Sales Value (in Million US$), 2021-2026
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, 2020 and 2026
Table 2: Global: Luxury Travel Market Forecast: Breakup by Type of Tour (in Million US$), 2021-2026
Table 3: Global: Luxury Travel Market Forecast: Breakup by Age Group (in Million US$), 2021-2026
Table 4: Global: Luxury Travel Market Forecast: Breakup by Type of Traveller (in Million US$), 2021-2026
Table 5: Global: Luxury Travel Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Luxury Travel Market: Competitive Structure
Table 7: Global: Luxury Travel Market: Key Players

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