The report titled “Global Luxury Travel Market Size, Status and Forecast 2019-2025” offers a primary impression of the Luxury Travel industry covering different product Scope, Characterizations, Classifications, Objectives, and Participants in the industry chain structure. Luxury Travel Market report profiles major topmost manufactures like (TUI Group, Thomas Cook Group, Jet2 Holidays, Cox & Kings Ltd, Lindblad Expeditions, Travcoa, Scott Dunn, Abercrombie & Kent Ltd, Micato Safaris, Tauck, Al Tayyar, Backroads, Zicasso, Exodus Travels, Butterfield & Robinson) in United States, Europe, Japan, Asia pacific, China and Others, this report investigates and analyzes the Company Profiles, Product Picture and Specification, Capacity, Production, Price, Cost, Revenue and business contact profile. The primary section of the study covers an executive summary, which includes an analysis of the Luxury Travel market, followed by Market Definitions, Taxonomy, and Market Background, Luxury Travel Market Analysis by Key Segments, Regional Analysis, and Competition Landscape.
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Target Audience of Luxury Travel Market :Key Consulting Companies & Advisors, Production Companies, Suppliers, Channel Partners, Marketing Authorities, Subject Matter Experts, Research Institutions, Financial Institutions, Market Consultants, Equipment Suppliers/ Buyers, Industry Investors/Investment Bankers Government Authorities.
Scope of Luxury Travel Market: Luxury travel today is defined less by thread count and Michelin stars and more by access to the people, places and experiences that represent all that is authentic about a destination. There’s no denying that comfort factors still apply and high standards of accommodation and dining will always feature on the luxury traveller’s wish list. However, today’s luxury traveller seeks more depth of understanding and immersion into local culture than ever before. People don’t just want to see – they want to participate. The sales process is also critical and whilst the online proposition can be an asset in terms of booking more simple arrangements, clients looking for luxury experiential travel require a deep level of sophisticated knowledge and confidence during the sales process.
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.
The Small Group Journey 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, Customized and Private Vacation aimed at culinary and shopping, would witness the fastest growth, registering a CAGR of 9.1% 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 45% of millennials took a trip based on culinary interest.
On the basis of product, this report displays the sales volume, revenue (Million USD), product price, Luxury Travel market share and growth rate of each type, primarily split into-
⟴ Customized and Private Vacation
⟴ Adventure and Safari
⟴ Cruise/Ship Expedition
⟴ Small Group Journey
⟴ Celebration and Special Event
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, Luxury Travel market share and growth rate of Luxury Travel for each application, including-
⟴ Generation X
⟴ Baby Boomers
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Geographically, the report includes the research on production, consumption, revenue, Luxury Travel market share and growth rate, and forecast (2019-2025) of the following regions:
- United States, China, Japan, India, Other Regions
- Europe (Germany, UK, France, Italy, Spain, Russia, Poland)
- Southeast Asia(Malaysia, Singapore, Philippines, Indonesia, Thailand, Vietnam)
- Central and South America(Brazil, Mexico, Colombia)
- Middle East and Africa(Saudi Arabia, United Arab Emirates, Turkey, Egypt, South Africa, Nigeria)
Important Luxury Travel Market Data Available In This Report:
❶Emerging opportunities, competitive landscape, revenue share of main manufacturers.
❷This report discusses the Luxury Travel Market summary; market scope gives a brief outline of the Luxury Travel Market.
❸Strategic recommendations, forecast growth areas of the Luxury Travel Market.
❹Key performing regions (APAC, EMEA, Americas, Other) along with their major countries are detailed in this report.
❺Challenges for the new entrants, trends market drivers.
❻Company profiles, product analysis, Marketing strategies, emerging market segments and comprehensive analysis of Luxury Travel Market.
❼Luxury Travel Market share year-over-year growth of key players in promising regions.
Mr. Nachiket Ghumare,
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Email: [email protected]
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