Global luxury Travel market poised for growth

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Luxury Travel Market
Opportunities and Forecasts, 2015 2022
Published Date Sept 2016
No of Pages 110
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LUXURY TRAVEL MARKET OVERVIEW

• Luxury Travel Market report, published by Allied
  Market Research, forecasts that the global market
  is expected to garner 198 billion by 2022,
  registering a CAGR of 15.5 during the period
  2016-2022. 
• In 2015, North America and Europe collectively
  accounted for around 66 of the overall market
  revenue.
• Growing inclination of people towards unique and
  exotic holiday experiences, rise in middle and
  upper middle class spending and the increasing
  impact of social media on travel industry are the
  key factors that drive the market growth.
• Emerging new destinations coupled with rising
  service standards in the travel industry, is
  anticipated to further drive the demand for
  luxury travel, globally.
• Read more on- https//www.alliedmarketresearch.co
  m/luxury-travel-market
•  

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LUXURY TRAVEL MARKET SEGMENTATION

• BY TYPES OF TOURS
• Customized and Private Vacation
• Adventure and Safari
• Cruise/Ship Expedition
• Small Group Journey
• Celebration and Special Event
• Culinary Travel and Shopping
• BY AGE GROUP
• Millennial (21-30)
• Generation X (31-40)
• Baby Boomers (41-60)
• Silver Hair (60 and above)
• BY TYPES OF TRAVELLERS
• Absolute Luxury
• Aspiring Luxury
• Accessible Luxury

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LUXURY TRAVEL MARKET SEGMENT OVERVIEW

• The adventure and safari segment accounted for
  about 44 of the overall luxury travel market
  revenue, by tour type in 2015, as this is
  identified as the most popular vacation option
  among young and middle age group travelers.
• In addition, tours aimed at culinary and shopping
  experience, would witness the fastest growth,
  registering a CAGR of 7.8 during the forecast
  period.
• An increasing number of luxury travelers are
  indulging in these tours as they enable these
  travelers to experience the finest local
  delicacies and also buy some of the most
  exquisite handicrafts.
• These trips are getting popular among travelers
  of all age groups, especially the millennials (21
  - 30 years). In 2015, approximately 70 of
  millennials took a trip based on culinary
  interest.
• Baby boomers segment is projected to hold the
  highest market share in the overall luxury travel
  market, by age group, as they have been
  identified as the highest travel spenders.

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KEY BENEFITS OF LUXURY TRAVEL MARKET

• The study provides an in-depth analysis of the
  global luxury travel market with current trends
  and future estimations to elucidate the imminent
  investment pockets.
• The report provides a quantitative analysis from
  2014 to 2022, which is expected to enable the
  stakeholders to capitalize on prevailing market
  opportunities.
• The report provides actual historical figures for
  2014 and 2015 and provides forecasts from 2016 to
  2022, considering 2015 as base.
• Competitive intelligence highlights the business
  practices followed by leading players across
  various regions.

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LUXURY TRAVEL MARKET KEY FINDINGS

• In the year 2015, adventure and safari segment
  led the overall luxury travel market revenue, and
  is projected to grow at a CAGR of 5.8 during the
  forecast period.
• Adventure and safari is the most sought after
  tour type, with travelers from Europe, Latin
  America, and North America, comprising 78 of
  overall international departures in this segment
  in 2015.
• The millennials age group segment is expected to
  grow at a CAGR of 8.1, owing to rising
  popularity of travel among this generation and
  the fact that they travel more often than the
  other generations.
• Absolute luxury traveler segment is projected to
  generate largest revenue in the luxury travel
  market.
• Asia-Pacific is estimated to witness significant
  growth during the forecast period (2016 to 2022),
  with China being the major stakeholder.

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KEY DRIVERS OF LUXURY TRAVEL MARKET
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KEY PLAYERS IN INDUSTRY

• Abercrombie Kent Ltd
• Cox Kings Ltd
• Macato Safaris
• Ker Downey
• Tauck
• Thomas Cook Group
• Scott Dunn Ltd
• Kensington Tours
• Butterfield Robinson Inc
• Get sample report at- https//www.alliedmarketres
  earch.com/request-free-sample/1662

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LUXURY TRAVEL MARKET BY REGION

• North America, Europe, Asia-Pacific, LAMEA

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DEFIBRILLATORS MARKET
Luxury travel market has a huge growth potential
and would see immense demand from the emerging
markets. Exposure to social media, growing
disposable income and easy visa availability are
some of the factors which are propelling the
growth of the market. Nowadays, luxury travelers
are seeking unique traveling experience, thus
opting for exotic and unexplored
destinations. Yogita Sharma
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