Luxury Travel Market High-Tech Industry Analysis, Industry Overview, Business Trends and Forecast to 2029


Luxury Travel Market was valued at USD 1,167.17 Billion in 2021, and is expected to reach USD 2,728.80 Billion by 2029, exhibiting a CAGR of 11.2 % during the forecast period (2022-2029)

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Luxury Travel Market Scope:

In order to help the leading market players grow their shares and maintain their competitiveness in the industry, the  Luxury Travel Market  research study explains the competitive landscape of the sector. The PESTEL analysis and Porter's five forces model are used in the study to map out the industry's competitive environment. The research study also includes the key investment opportunities for the sector's stakeholders to profit. Based on their CAGR and relative market share, these analysis structures are estimated. The research lists the key market participants, their financial standing, and their relative market shares globally.

The company profiles in the study also discuss tactical advancements made by the key corporations in the sector on a worldwide and regional scale, such as acquisitions and mergers, new covenants, partnerships, product launches, joint alliances, and regional development.

Luxury Travel Market Overview:

The market research study Luxury Travel Market  analyses and assesses the market's position during the forecast period. It is a comprehensive examination that focuses on primary and secondary drivers, market share, leading segments, and geographical analysis. Key actors, big partnerships, mergers, and acquisitions, as well as current innovation and corporate strategies, are also examined in the research.

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Luxury Travel Market Segmentation:

Based on Types of Tour, Adventure & Safari dominated the luxury travel market in 2021 and is expected to hold the largest revenue share of the luxury travel industry during the forecast period. Safaris are often regarded as the best outdoor adventure vacations available. Apart from physically demanding activities, personalised itineraries and soft adventures are also popular in this industry, which is one of the fastest growing. It also includes visiting natural wonders such as the Galapagos Islands and sailing in the Mediterranean. Furthermore, luxury adventure and safari adventures include bike rides, scuba diving, specialised explorations, polar journeys, and night safaris across African rainforests. As consumers become increasingly interested in transformational and engaged activities, the market for this segment is likely to rise fast.

Key Players:

• Abercrombie & Kent USA, LLC
• Virtuoso, Ltd.
• Scott Dunn Ltd
• Butterfield & Robinson Inc
• TUI AG
• Travcoa Corporation
• Micato Safaris, Inc.
• Ker & Downey
• Tauck, Inc.
• Black Tomato Group
• Thomas Cook Group Plc
• Cox & Kings Ltd
• Kensington Tours Ltd
• Zicasso, Inc.

The report also focuses on the global main industry players in the Luxury Travel Market, including company biographies, product images and specs, capacity, production, price, cost, revenue, and contact information. This study examines the Luxury Travel Market Trend, volume, and value at the global, regional, and company levels. By examining historical data and prospects, this analysis depicts the complete Luxury Travel Market Size from a global viewpoint. The study examines prominent Luxury Travel market businesses and ranks them in the market. The players highlighted in this report are as follows:

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Regional Analysis:

The study offers a comprehensive overview of the sector, including both qualitative and quantitative data. It gives an overview and prognosis of the worldwide Luxury Travel market by segment. It also offers market size and forecast projections for five key regions, including North America, Europe, Asia-Pacific, the Middle East & Africa, and South America, from 2021 to 2027. Each region's Luxury Travel market is further subdivided by respective regions and segments. The research analyses and forecasts different countries, as well as existing trends and prospects in the region.

COVID-19 Impact Analysis on Luxury Travel Market:

We have studied and analyzed in detail, the Luxury Travel   Market Development Strategy post-COVID-19, by corporate strategy analysis, landscape, type, application, and leading countries, which encompasses and analyses the Luxury Travel industry's potential, providing statistical information about market dynamics, growth factors, major challenges, PORTAL analysis, and market entry strategy analysis, opportunities, and forecasts. The report's main focus is to give firms in the sector a strategic analysis of the impact of COVID-19. Simultaneously, this research examined the markets of key nations and introduced the market potential of these countries.

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Published in

Technology , News

Published on

Dec 15, 2022

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