Luxury Travel Market

Global Luxury Travel Market Size, Trends & Analysis - Forecasts to 2029 By Tour Type (Customized & Private Vacations, Safari & Adventure, Cruises, Yachting & Small Ship Expeditions, Celebration Journeys, Culinary Travel & Shopping, Luxury Trains and Others), By Age Group (21-30 Years, 31-40 Years, 41-60 Years, and 60 and Above), and By Region (North America, Asia Pacific, Central and South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis

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This report was recently updated on April 28 2024 with the latest and most recent market numbers

Global Luxury Travel Market Size

The global luxury travel market is estimated to exhibit a CAGR of 8.4% from 2024 to 2029.

Several factors drive the growth of the global luxury travel market. As economies grow and income levels rise, more individuals attain high-net-worth status or join the affluent middle class. This increased wealth translates into greater spending power for luxury experiences, including travel. Emerging economies, such as China, India, and Brazil, have seen significant growth in affluent populations, driving demand for luxury travel services and accommodations. Modern luxury travelers prioritize experiences over material possessions, seeking meaningful, enriching experiences that immerse them in different cultures, connect with local communities, and create lasting memories. This trend has led to the rise of experiential travel, involving activities like culinary tours, wildlife safaris, and wellness retreats. Younger generations, including millennials and Gen Z, are significantly influencing the luxury travel market. Unlike previous generations, they prioritize experiences and adventures over material possessions. Millennials, in particular, value authenticity, sustainability, and social responsibility when choosing travel destinations and experiences. Luxury travel providers are adapting to cater to the preferences and values of these younger travelers, offering unique and socially conscious experiences. Luxury travelers are increasingly exploring lesser-known destinations in Asia, Africa, and Latin America, seeking authentic and immersive experiences. These emerging markets offer unique cultural experiences, breathtaking landscapes, and luxury accommodations, prompting luxury travel providers to expand their offerings to meet this growing demand.

Despite the various growth factors, several restraints hinder the growth of the global luxury travel market. Political instability, conflicts, terrorism, and natural disasters in popular tourist destinations can deter luxury travelers from visiting these locations, leading to a decline in luxury tourism. Concerns about safety and security may prompt travelers to choose alternative destinations perceived as safer, impacting the revenue of luxury travel providers operating in affected regions.

global luxury travel market

Global Luxury Travel Market: By Tour Type

On the basis of tour type, the market is segmented into customized & private vacations, safari & adventure, cruises, yachting & small ship expeditions, celebration journeys, culinary travel & shopping, and others. The customized & private vacations segment is expected to be the largest segment during the forecast period. Customized vacations are a popular choice for luxury travelers seeking unique and exclusive experiences. These vacations often include private tours, bespoke itineraries, luxury accommodations, VIP services, and exclusive access to attractions and events. These vacations offer unparalleled privacy, flexibility, and attention to detail, ensuring a truly memorable and unique travel experience.

The safari & adventure segment is expected to be the fastest-growing segment in the global luxury travel market during the forecast period. Safari and adventure travel are popular for travelers seeking adrenaline-pumping experiences in natural environments. Safaris involve wildlife safaris in iconic destinations like Africa, while adventure travel includes activities like trekking, mountain climbing, kayaking, snorkeling, and zip-lining in remote locations. These activities offer excitement, challenges, and a sense of accomplishment, connecting travelers with nature and exploring unspoiled landscapes.

Global Luxury Travel Market: By Age Group

On the basis of age group, the market is segmented into 21-30 years, 31-40 years, 41-60 years, and 60 and above. The 41-60 years segment is expected to hold the largest share of the market during the forecast period. This segment typically includes individuals who have reached a stage in their careers where they have greater discretionary income and more time to travel, often referred to as the "peak earning" and "empty nest" years. They may have fewer financial responsibilities related to children and mortgages, allowing them to allocate more resources to luxury travel experiences.

The 21-30 years segment is anticipated to be the fastest-growing in the global luxury travel market during the forecast period. As millennials and Gen Z enter the workforce and attain higher disposable incomes, they prioritize experiences over material possessions. Seeking adventure, authenticity, and unique cultural encounters, they are increasingly drawn to luxury travel. Moreover, this younger demographic is more tech-savvy and socially conscious, driving demand for innovative and sustainable luxury travel experiences tailored to their preferences.

asia pacific luxury travel market

Global Luxury Travel Market: By Region

North America is expected to be the largest region in the global luxury travel market. North America's average personal income is one of the highest in the world. This enables a sizable section of the population to afford luxury travel experiences including upmarket lodging, excellent eating, and private excursions.

Asia Pacific is anticipated to be the fastest-growing region in global luxury travel during the forecast period. The number of high-net-worth individuals (HNWIs) in the Asia Pacific has risen significantly. These people frequently have large disposable wealth and are eager to spend on luxury travel experiences, which helps to drive market growth. The APAC region boasts a rich cultural heritage, diverse landscapes, and historical attractions that appeal to luxury travelers seeking unique and authentic experiences. Destinations such as Japan, China, India, Thailand, and Indonesia offer a blend of luxury amenities, cultural immersion, and natural beauty, attracting affluent travellers worldwide. Many APAC countries have invested heavily in tourism infrastructure, including luxury hotels, resorts, airports, and transportation networks. This infrastructure development has facilitated easier access to remote and exotic destinations, making luxury travel more accessible and appealing to discerning travelers. Many APAC governments have implemented policies and initiatives to promote tourism and attract high-spending travelers to their countries. These initiatives include visa facilitation, tax incentives, and marketing campaigns targeting luxury travelers, further stimulating growth in the luxury travel market.

Global Luxury Travel Market Share and Competitor Analysis

The key market players in the global luxury travel market include TUI Group, Butterfield & Robinson Inc., Cox & Kings Ltd., Scott Dunn Ltd., Abercrombie & Kent USA LLC, Lindblad Expeditions, Geographic Expeditions Inc., Micato Safaris, Exodus Travels Ltd., and Travel Edge Inc., among others.

Please note: This is not an exhaustive list of companies profiled in the report.

Global Luxury Travel Market: Recent Developments

In May 2023, UnWild Planet, an India-based luxury travel company, became the first and only Indian company to join the International Association of Antarctica Tour Operators (IAATO).

In October 2021, Lindblad Expeditions Holdings acquired an 80% stake in Classic Journeys, a cultural walking tour company, strengthening its experiential offerings in adventure travel sectors. The acquisition aims to capitalize on the rising demand for immersive travel and wellness worldwide.

1          STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1    Strategic Opportunity & Attractiveness Analysis

1.1.1        Hot Revenue Pockets

1.1.2        Market Attractiveness Score

1.1.3        Revenue Impacting Opportunity

1.1.4        High Growing Region/Country

1.1.5        Competitor Analysis

1.1.6        Consumer Analysis

1.2    Global Market Estimates' View

1.3    Strategic Insights across Business Functions

1.3.1        For Chief Executive Officers

1.3.2        For Chief Marketing Officers

1.3.3        For Chief Strategy Officers

1.4    Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2          TECHNOLOGICAL TRENDS

2.1   Technological Adoption Rate

2.2   Current Trend Impact Analysis

2.3   Future Trend Impact Analysis

2.4   Data Metrics on Feed Stocks

3          GLOBAL MARKET OUTLOOK

3.1   Market Pyramid Analysis

3.1.1        Introduction

3.1.2        Adjacent Market Opportunities

3.1.3        Ancillary Market Opportunities

3.2   Demand Side Analysis

3.2.1        Market Drivers: Impact Analysis

3.2.2        Market Restraints: Impact Analysis

3.2.3        Market Opportunities: Impact Analysis

3.2.4        Market Challenges: Impact Analysis

3.3   Supply Side Analysis

3.3.1        Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2        SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3        Value Chain Analysis

3.3.4        Trend Analysis

3.3.5        Gap Analysis

3.3.6        Cost Analysis

4          GLOBAL LUXURY TRAVEL MARKET, BY TOUR TYPE

4.1   Introduction

4.2    Luxury Travel Market: Tour Type Scope Key Takeaways

4.3    Revenue Growth Analysis, 2023 & 2029

4.4    Customized & Private Vacations

4.4.1        Customized & Private Vacations Market Estimates and Forecast, 2021-2029 (USD Million)

4.5   Safari & Adventure

4.5.1        Safari & Adventure Market Estimates and Forecast, 2021-2029 (USD Million)

4.6    Cruises, Yachting & Small Ship Expeditions

4.6.1        Cruises, Yachting & Small Ship Expeditions Market Estimates and Forecast, 2021-2029 (USD Million)

4.7   Celebration Journeys

4.7.1           Celebration Journeys Market Estimates and Forecast, 2021-2029 (USD Million)

4.8   Luxury Trains

4.8.1           Luxury Trains Market Estimates and Forecast, 2021-2029 (USD Million)

4.9   Others

4.9.1           Others Market Estimates and Forecast, 2021-2029 (USD Million)

5          GLOBAL LUXURY TRAVEL MARKET, BY AGE GROUP

5.1   Introduction

5.2     Luxury Travel Market: Age Group Scope Key Takeaways

5.3    Revenue Growth Analysis, 2023 & 2029

5.4   21-30 Years

5.4.1        21-30 Years Market Estimates and Forecast, 2021-2029 (USD Million)

5.5   31-40 Years

5.5.1        31-40 Years Market Estimates and Forecast, 2021-2029 (USD Million)

5.6   41-60 Years

5.6.1        41-60 Years Market Estimates and Forecast, 2021-2029 (USD Million)

5.8   60 and Above

5.8.1        60 and Above Market Estimates and Forecast, 2021-2029 (USD Million)

6          GLOBAL LUXURY TRAVEL MARKET, BY REGION

6.1    Introduction

6.2    North America Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.1        By Tour Type

6.2.2        By Age Group

6.2.3        By Country

6.2.3.1     U.S. Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.3.1.1        By Tour Type

6.2.3.1.2        By Age Group

6.2.3.2     Canada Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.3.2.1        By Tour Type

6.2.3.2.2        By Age Group

6.2.3.3     Mexico Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.3.3.1        By Tour Type

6.2.3.3.2        By Age Group

6.3    Europe Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.1        By Tour Type

6.3.2        By Age Group

6.3.3        By Country

6.3.3.1     Germany Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.1.1        By Tour Type

6.3.3.1.2        By Age Group

6.3.3.2     U.K. Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.2.1        By Tour Type

6.3.3.2.2        By Age Group

6.3.3.3     France Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.3.1        By Tour Type

6.3.3.3.2        By Age Group

6.3.3.4     Italy Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.4.1        By Tour Type

6.3.3.4.2        By Age Group

6.3.3.5     Spain Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.5.1        By Tour Type

6.3.3.5.2        By Age Group

6.3.3.6     Netherlands Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.6.1        By Tour Type

6.3.3.6.2        By Age Group

6.3.3.7     Rest of Europe Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.6.1        By Tour Type

6.3.3.6.2        By Age Group

6.4    Asia Pacific Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.1        By Tour Type

6.4.2        By Age Group

6.4.3        By Country

6.4.3.1     China Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.1.1        By Tour Type

6.4.3.1.2        By Age Group

6.4.3.2     Japan Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.2.1        By Tour Type

6.4.3.2.2        By Age Group

6.4.3.3     India Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.3.1        By Tour Type

6.4.3.3.2        By Age Group

6.4.3.4     South Korea Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.4.1        By Tour Type

6.4.3.4.2        By Age Group

6.4.3.5     Singapore Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.5.1        By Tour Type

6.4.3.5.2        By Age Group

6.4.3.6     Malaysia Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.6.1        By Tour Type

6.4.3.6.2        By Age Group

6.4.3.7     Thailand Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.6.1        By Tour Type

6.4.3.6.2        By Age Group

6.4.3.8     Indonesia Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.7.1        By Tour Type

6.4.3.7.2        By Age Group

6.4.3.9     Vietnam Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.8.1        By Tour Type

6.4.3.8.2        By Age Group

6.4.3.10  Taiwan Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.10.1 By Tour Type

6.4.3.10.2 By Age Group

6.4.3.11  Rest of Asia Pacific Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.11.1 By Tour Type

6.4.3.11.2 By Age Group

6.5    Middle East and Africa Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.1        By Tour Type

6.5.2        By Age Group

6.5.3        By Country

6.5.3.1     Saudi Arabia Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.1.1        By Tour Type

6.5.3.1.2        By Age Group

6.5.3.2     U.A.E. Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.2.1        By Tour Type

6.5.3.2.2        By Age Group

6.5.3.3     Israel Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.3.1        By Tour Type

6.5.3.3.2        By Age Group

6.5.3.4     South Africa Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.4.1        By Tour Type

6.5.3.4.2        By Age Group

6.5.3.5     Rest of Middle East and Africa Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.5.1        By Tour Type

6.5.3.5.2        By Age Group

6.6    Central & South America Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.1        By Tour Type

6.6.2        By Age Group

6.6.3        By Country

6.6.3.1     Brazil Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.1.1        By Tour Type

6.6.3.1.2        By Age Group

6.6.3.2     Argentina Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.2.1        By Tour Type

6.6.3.2.2        By Age Group

6.6.3.3     Chile Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.3.1        By Tour Type

6.6.3.3.2        By Age Group

6.6.3.3     Rest of Central & South America Luxury Travel Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.3.1        By Tour Type

6.6.3.3.2        By Age Group

7          COMPETITIVE LANDCAPE

7.1    Company Market Share Analysis

7.2    Four Quadrant Positioning Matrix

7.2.1        Market Leaders

7.2.2        Market Visionaries

7.2.3        Market Challengers

7.2.4        Niche Market Players

7.3   Vendor Landscape

7.3.1        North America

7.3.2        Europe

7.3.3        Asia Pacific

7.3.4        Rest of the World

7.4   Company Profiles  

7.4.1        TUI Group

7.4.1.1 Business Description & Financial Analysis

7.4.1.2 SWOT Analysis

7.4.1.3 Products & Services Offered

7.4.1.4 Strategic Alliances between Business Partners

7.4.2        Butterfield & Robinson Inc.

7.4.2.1 Business Description & Financial Analysis

7.4.2.2 SWOT Analysis

7.4.2.3 Products & Services Offered

7.4.2.4 Strategic Alliances between Business Partners

7.4.3        Cox & Kings Ltd.

7.4.3.1 Business Description & Financial Analysis

7.4.3.2 SWOT Analysis

7.4.3.3 Products & Services Offered

7.4.3.4 Strategic Alliances between Business Partners

7.4.4        Scott Dunn Ltd.

7.4.4.1 Business Description & Financial Analysis

7.4.4.2 SWOT Analysis

7.4.4.3 Products & Services Offered

7.4.4.4 Strategic Alliances between Business Partners

7.4.5        Abercrombie & Kent USA LLC

7.4.5.1 Business Description & Financial Analysis

7.4.5.2 SWOT Analysis

7.4.5.3 Products & Services Offered

7.4.5.4 Strategic Alliances between Business Partners

7.4.6        Lindblad Expeditions

7.4.6.1 Business Description & Financial Analysis

7.4.6.2 SWOT Analysis

7.4.6.3 Products & Services Offered

7.4.6.4 Strategic Alliances between Business Partners

7.4.7        Geographic Expeditions Inc.  

7.4.7.1 Business Description & Financial Analysis

7.4.7.2 SWOT Analysis

7.4.7.3 Products & Services Offered

7.4.7.4 Strategic Alliances between Business Partners

7.4.8        Micato Safaris

7.4.8.1 Business Description & Financial Analysis

7.4.8.2 SWOT Analysis

7.4.8.3 Products & Services Offered

7.4.8.4 Strategic Alliances between Business Partners

7.4.9        Exodus Travels Ltd.

7.4.9.1 Business Description & Financial Analysis

7.4.9.2 SWOT Analysis

7.4.9.3 Products & Services Offered

7.4.9.4 Strategic Alliances between Business Partners

7.4.10      Travel Edge Inc.

7.4.10.1 Business Description & Financial Analysis

7.4.10.2 SWOT Analysis

7.4.10.3 Products & Services Offered

7.4.10.4 Strategic Alliances between Business Partners

7.4.11      Other Companies

7.4.11.1 Business Description & Financial Analysis

7.4.11.2 SWOT Analysis

7.4.11.3 Products & Services Offered

7.4.11.4 Strategic Alliances between Business Partners

8          RESEARCH METHODOLOGY

8.1   Market Introduction

8.1.1        Market Definition

8.1.2        Market Scope & Segmentation

8.2   Information Procurement

8.2.1        Secondary Research

8.2.1.1 Purchased Databases

8.2.1.2 GMEs Internal Data Repository

8.2.1.3 Secondary Resources & Third Party Perspectives

8.2.1.4 Company Information Sources

8.2.2        Primary Research

8.2.2.1 Various Types of Respondents for Primary Interviews

8.2.2.2 Number of Interviews Conducted throughout the Research Process

8.2.2.3 Primary Stakeholders

8.2.2.4 Discussion Guide for Primary Participants

8.2.3        Expert Panels

8.2.3.1 Expert Panels Across 30+ Industry

8.2.4        Paid Local Experts

8.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

8.3   Market Estimation

8.3.1        Top-Down Approach

8.3.1.1 Macro-Economic Indicators Considered

8.3.1.2 Micro-Economic Indicators Considered

8.3.2        Bottom Up Approach

8.3.2.1 Company Share Analysis Approach

8.3.2.2 Estimation of Potential Product Sales

8.4   Data Triangulation

8.4.1        Data Collection

8.4.2        Time Series, Cross Sectional & Panel Data Analysis

8.4.3        Cluster Analysis

8.5   Analysis and Output

8.5.1        Inhouse AI Based Real Time Analytics Tool

8.5.2        Output From Desk & Primary Research

8.6    Research Assumptions & Limitations

8.6.1        Research Assumptions

8.6.2        Research Limitations

LIST OF TABLES

1 Global Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)

2 Customized & Private Vacations Market, By Region, 2021-2029 (USD Million)      

3 Safari & Adventure Market, By Region, 2021-2029 (USD Million)  

4 Cruises, Yachting & Small Ship Expeditions Market, By Region, 2021-2029 (USD Million)             

5 Celebration Journeys Market, By Region, 2021-2029 (USD Million)

6 Luxury Trains Market, By Region, 2021-2029 (USD Million)

7 Others Market, By Region, 2021-2029 (USD Million)              

8 Global Luxury Travel Market, By Age Group, 2021-2029 (USD Million)      

9 21-30 Years Market, By Region, 2021-2029 (USD Million)   

10 31-40 Years Market, By Region, 2021-2029 (USD Million)

11 41-60 Years Market, By Region, 2021-2029 (USD Million)

12 60 and Above Market, By Region, 2021-2029 (USD Million)

13 Regional Analysis, 2021-2029 (USD Million)              

14 North America Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)       

15 North America Luxury Travel Market, By Age Group, 2021-2029 (USD Million)     

16 North America Luxury Travel Market, By Country, 2021-2029 (USD Million)

17 U.S. Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)

18 U.S. Luxury Travel Market, By Age Group, 2021-2029 (USD Million)              

19 Canada Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)        

20 Canada Luxury Travel Market, By Age Group, 2021-2029 (USD Million)

21 Mexico Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)

22 Mexico Luxury Travel Market, By Age Group, 2021-2029 (USD Million)      

23 Europe Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)        

24 Europe Luxury Travel Market, By Age Group, 2021-2029 (USD Million)

25 Europe Luxury Travel Market, By Country, 2021-2029 (USD Million)          

26 Germany Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)

27 Germany Luxury Travel Market, By Age Group, 2021-2029 (USD Million)

28 U.K. Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)

29 U.K. Luxury Travel Market, By Age Group, 2021-2029 (USD Million)              

30 France Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)

31 France Luxury Travel Market, By Age Group, 2021-2029 (USD Million)      

32 Italy Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)

33 Italy Luxury Travel Market, By Age Group, 2021-2029 (USD Million)            

34 Spain Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)

35 Spain Luxury Travel Market, By Age Group, 2021-2029 (USD Million)          

36 Netherlands Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)

37 Netherlands Luxury Travel Market, By Age Group, 2021-2029 (USD Million)

38 Rest Of Europe Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)       

39 Rest Of Europe Luxury Travel Market, By Age Group, 2021-2029 (USD Million)    

40 Asia Pacific Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)

41 Asia Pacific Luxury Travel Market, By Age Group, 2021-2029 (USD Million)

42 Asia Pacific Luxury Travel Market, By Country, 2021-2029 (USD Million)

43 China Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)

44 China Luxury Travel Market, By Age Group, 2021-2029 (USD Million)         

45 Japan Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)

46 Japan Luxury Travel Market, By Age Group, 2021-2029 (USD Million)         

47 India Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)

48 India Luxury Travel Market, By Age Group, 2021-2029 (USD Million)           

49 South Korea Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)

50 South Korea Luxury Travel Market, By Age Group, 2021-2029 (USD Million)

51 Singapore Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)

52 Singapore Luxury Travel Market, By Age Group, 2021-2029 (USD Million)

53 Thailand Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)

54 Thailand Luxury Travel Market, By Age Group, 2021-2029 (USD Million)

55 Malaysia Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)

56 Malaysia Luxury Travel Market, By Age Group, 2021-2029 (USD Million)

57 Indonesia Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)

58 Indonesia Luxury Travel Market, By Age Group, 2021-2029 (USD Million)

59 Vietnam Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)       

60 Vietnam Luxury Travel Market, By Age Group, 2021-2029 (USD Million)

61 Taiwan Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)         

62 Taiwan Luxury Travel Market, By Age Group, 2021-2029 (USD Million)       

63 Rest of APAC Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)

64 Rest of APAC Luxury Travel Market, By Age Group, 2021-2029 (USD Million)

65 Middle East and Africa Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)

66 Middle East and Africa Luxury Travel Market, By Age Group, 2021-2029 (USD Million)  

67 Middle East and Africa Luxury Travel Market, By Country, 2021-2029 (USD Million)

68 Saudi Arabia Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)

69 Saudi Arabia Luxury Travel Market, By Age Group, 2021-2029 (USD Million)

70 UAE Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)

71 UAE Luxury Travel Market, By Age Group, 2021-2029 (USD Million)              

72 Israel Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)

73 Israel Luxury Travel Market, By Age Group, 2021-2029 (USD Million)        

74 South Africa Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)

75 South Africa Luxury Travel Market, By Age Group, 2021-2029 (USD Million)

76 Rest Of Middle East and Africa Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)   

77 Rest Of Middle East and Africa Luxury Travel Market, By Age Group, 2021-2029 (USD Million) 

78 Central & South America Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)

79 Central & South America Luxury Travel Market, By Age Group, 2021-2029 (USD Million)              

80 Central & South America Luxury Travel Market, By Country, 2021-2029 (USD Million)  

81 Brazil Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)

82 Brazil Luxury Travel Market, By Age Group, 2021-2029 (USD Million)        

83 Chile Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)

84 Chile Luxury Travel Market, By Age Group, 2021-2029 (USD Million)          

85 Argentina Luxury Travel Market, By Tour Type, 2021-2029 (USD Million) 

86 Argentina Luxury Travel Market, By Age Group, 2021-2029 (USD Million)

87 Rest Of Central & South America Luxury Travel Market, By Tour Type, 2021-2029 (USD Million)       

88 Rest Of Central & South America Luxury Travel Market, By Age Group, 2021-2029 (USD Million)       

89 TUI Group: Products & Services Offering   

90 Butterfield & Robinson Inc.: Products & Services Offering          

91 Cox & Kings Ltd.: Products & Services Offering     

92 Scott Dunn Ltd.: Products & Services Offering      

93 Abercrombie & Kent USA LLC: Products & Services Offering          

94 Lindblad Expeditions: Products & Services Offering         

95 Geographic Expeditions Inc. : Products & Services Offering         

96 Micato Safaris: Products & Services Offering       

97 Exodus Travels Ltd., Inc: Products & Services Offering   

98 Travel Edge Inc.: Products & Services Offering     

99 Other Companies: Products & Services Offering

LIST OF FIGURES

1 Global Luxury Travel Market Overview

2 Global Luxury Travel Market Value From 2021-2029 (USD Million)

3 Global Luxury Travel Market Share, By Tour Type (2023)

4 Global Luxury Travel Market Share, By Age Group (2023)

5 Global Luxury Travel Market, By Region (Global Market)

6 Technological Trends In Global Luxury Travel Market

7 Four Quadrant Competitor Positioning Matrix

8 Impact Of Macro & Micro Indicators On The Market

9 Impact Of Key Drivers On The Global Luxury Travel Market

10 Impact Of Challenges On The Global Luxury Travel Market

11 Porter’s Five Forces Analysis

12 Global Luxury Travel Market: By Tour Type Scope Key Takeaways

13 Global Luxury Travel Market, By Tour Type Segment: Revenue Growth Analysis

14 Customized & Private Vacations Market, By Region, 2021-2029 (USD Million)     

15 Safari & Adventure Market, By Region, 2021-2029 (USD Million)     

16 Cruises, Yachting & Small Ship Expeditions Market, By Region, 2021-2029 (USD Million)          

17 Celebration Journeys Market, By Region, 2021-2029 (USD Million)

18 Luxury Trains Market, By Region, 2021-2029 (USD Million)  

19 Others Market, By Region, 2021-2029 (USD Million)

20 Global Luxury Travel Market: By Age Group Scope Key Takeaways

21 Global Luxury Travel Market, By Age Group Segment: Revenue Growth Analysis

22 21-30 Years Market, By Region, 2021-2029 (USD Million)     

23 31-40 Years Market, By Region, 2021-2029 (USD Million)

24 41-60 Years Market, By Region, 2021-2029 (USD Million)

25 60 and Above Market, By Region, 2021-2029 (USD Million)

26 Regional Segment: Revenue Growth Analysis

27 Global Luxury Travel Market: Regional Analysis

28 North America Luxury Travel Market Overview

29 North America Luxury Travel Market, By Tour Type

30 North America Luxury Travel Market, By Age Group

31 North America Luxury Travel Market, By Country

32 U.S. Luxury Travel Market, By Tour Type

33 U.S. Luxury Travel Market, By Age Group

34 Canada Luxury Travel Market, By Tour Type

35 Canada Luxury Travel Market, By Age Group

36 Mexico Luxury Travel Market, By Tour Type

37 Mexico Luxury Travel Market, By Age Group

38 Four Quadrant Positioning Matrix

39 Company Market Share Analysis

40 TUI Group: Company Snapshot

41 TUI Group: SWOT Analysis

42 TUI Group: Geographic Presence

43 Butterfield & Robinson Inc.: Company Snapshot

44 Butterfield & Robinson Inc.: SWOT Analysis

45 Butterfield & Robinson Inc.: Geographic Presence

46 Cox & Kings Ltd.: Company Snapshot

47 Cox & Kings Ltd.: SWOT Analysis

48 Cox & Kings Ltd.: Geographic Presence

49 Scott Dunn Ltd.: Company Snapshot

50 Scott Dunn Ltd.: Swot Analysis

51 Scott Dunn Ltd.: Geographic Presence

52 Abercrombie & Kent USA LLC: Company Snapshot

53 Abercrombie & Kent USA LLC: SWOT Analysis

54 Abercrombie & Kent USA LLC: Geographic Presence

55 Lindblad Expeditions: Company Snapshot

56 Lindblad Expeditions: SWOT Analysis

57 Lindblad Expeditions: Geographic Presence

58 Geographic Expeditions Inc. : Company Snapshot

59 Geographic Expeditions Inc. : SWOT Analysis

60 Geographic Expeditions Inc. : Geographic Presence

61 Micato Safaris: Company Snapshot

62 Micato Safaris: SWOT Analysis

63 Micato Safaris: Geographic Presence

64 Exodus Travels Ltd., Inc.: Company Snapshot

65 Exodus Travels Ltd., Inc.: SWOT Analysis

66 Exodus Travels Ltd., Inc.: Geographic Presence

67 Travel Edge Inc.: Company Snapshot

68 Travel Edge Inc.: SWOT Analysis

69 Travel Edge Inc.: Geographic Presence

70 Other Companies: Company Snapshot

71 Other Companies: SWOT Analysis

72 Other Companies: Geographic Presence

The Global Luxury Travel Market has been studied from the year 2019 till 2029. However, the CAGR provided in the report is from the year 2024 to 2029. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Luxury Travel Market Size

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Luxury Travel Market.

Luxury Travel Market Growth

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Luxury Travel Market Trends

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

Luxury Travel Market Share

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Frequently Asked Questions

The global luxury travel market is expected to grow at a CAGR of 8.4% from 2024 to 2029.
The key market players in the global luxury travel market include TUI Group, Butterfield & Robinson Inc., Cox & Kings Ltd., Scott Dunn Ltd., Abercrombie & Kent USA LLC, Lindblad Expeditions, Geographic Expeditions Inc., Micato Safaris, Exodus Travels Ltd., and Travel Edge Inc., among others.
Key market players can invest in personalized experiences, sustainable travel options, technology integration for seamless customer service, exclusive partnerships with luxury brands, and innovative destination offerings to grow in the global luxury travel market.
The global luxury travel market is witnessing growth due to the rising affluence in emerging economies like China, India, and Brazil, prioritization of experiences over possessions, younger generations focusing on adventure, authenticity, and unique cultural encounters, and exploration of lesser-known destinations.

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