Explosive Growth in Luxury Travel Market: Going Off-The-Grid is Essentially Seeking New Destinations and Unique Experiences

“Luxury Travel Market”
By the year 2021, luxury travel is expected to emerge as the fastest growing segment in the travel industry worldwide. The bullish outlook and the amplified predisposition towards unique, exotic experiences have further intensified the competition in the luxury segment.

Tourism refers to travel made by individuals to domestic or international destinations for a period not exceeding one year for business, leisure, and other purposes such as pilgrimage and wellness. In many countries, tourism accounts for the major sources of income and has a positive impact on the economy of both the source and host countries. The tourism industry has experienced an outstanding growth in the last six decades, especially in regions like Europe that had a large number of international travelers visiting for short breaks.

Research analysts forecast the global luxury travel market to grow at a CAGR of 6.83% during the period 2017-2021.

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Covered in this report

The report covers the present scenario and the growth prospects of the global luxury travel market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA

Key vendors

  • Abercrombie & Kent USA
  • Absolute Travel
  • Inspiring Travel Company
  • TCS World Travel

Research report, Global Luxury Travel Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Other prominent vendors

  • Backroads
  • Butterfield & Robinson
  • Classic Journeys
  • G Adventures
  • Journeys Within Tour
  • Touring Treasures
  • Wilderness Travel
  • Zicasso

Market driver

  • Growing spending capability
  • For a full, detailed list, view our report

Market challenge

  • Threat of terrorism
  • For a full, detailed list, view our report

Market trend

  • Trending sports tourism
  • For a full, detailed list, view our report

Key questions answered in this report

  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?

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Companies Mentioned:

Abercrombie & Kent USA, Absolute Travel, Inspiring Travel Company, TCS World Travel, TÜ ELITE, Backroads, Butterfield & Robinson, Classic Journeys, G Adventures, Journeys Within Tour, Touring Treasures, Wilderness Travel, Zicasso

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