For this report, we undertook primary and secondary research in association with Tourism Economics, Amadeus Travel Intelligence, Connections Events, The Telegraph and various industry experts. Approaches include: analysing tourism Economics estimations of the number of outbound luxury trips from each region between 2014 and the present (using an arrival definition), and projected growth patterns until 2025. To compare the growth in overall travel with the growth in luxury travel, luxury traveller were defined as those with an annual household income of more than $350,000, and bookings arrivals order costs more than $3000 per person made by these traveller were deemed as luxury trips. 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.
The Adventure Travel segment accounted for about 71.12% of the overall Luxury Safari Tourism market revenue, by tour type in 2018, as this is identified as the most popular vacation option among young and middle age group travelers. In addition, Personalized Vacations aimed at Safari, would witness the fastest growth, registering a CAGR of 8.6% during the forecast period. An increasing number of Luxury Safari Tourismers 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).
Millennial segment is projected to hold the highest market share in the overall Luxury Safari Tourism market, by age group, as they have been identified as the highest travel spenders. However, it has been identified that only 5-10% marketing is targeted at this traveler segment. Luxury Safari Tourism 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 Safari Tourismers are seeking unique traveling experience, thus opting for exotic and unexplored destinations.
According to this study, over the next five years the Luxury Safari Tourism market will register a 8.3% CAGR in terms of revenue, the global market size will reach US$ 1677.9 million by 2024, from US$ 1126.3 million in 2019. In particular, this report presents the global revenue market share of key companies in Luxury Safari Tourism business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Luxury Safari Tourism market by product type, application, key companies and key regions.
This study considers the Luxury Safari Tourism value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Thomas Cook Group
Abercrombie & Kent Ltd
Cox & Kings Ltd
Butterfield & Robinson
Table of Contents
2019-2024 Global Luxury Safari Tourism Market Report (Status and Outlook)
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Luxury Safari Tourism Market Size 2014-2024
2.1.2 Luxury Safari Tourism Market Size CAGR by Region
2.2 Luxury Safari Tourism Segment by Type
2.2.1 Adventure Travel
2.2.2 Personalized Vacations
2.3 Luxury Safari Tourism Market Size by Type
2.3.1 Global Luxury Safari Tourism Market Size Market Share by Type (2014-2019)
2.3.2 Global Luxury Safari Tourism Market Size Growth Rate by Type (2014-2019)
2.4 Luxury Safari Tourism Segment by Application
2.4.2 Generation X
2.4.3 Baby Boomers
2.5 Luxury Safari Tourism Market Size by Application
2.5.1 Global Luxury Safari Tourism Market Size Market Share by Application (2014-2019)
2.5.2 Global Luxury Safari Tourism Market Size Growth Rate by Application (2014-2019)
3 Global Luxury Safari Tourism by Players
3.1 Global Luxury Safari Tourism Market Size Market Share by Players
3.1.1 Global Luxury Safari Tourism Market Size by Players (2017-2019)
3.1.2 Global Luxury Safari Tourism Market Size Market Share by Players (2017-2019)
3.2 Global Luxury Safari Tourism Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Luxury Safari Tourism by Regions
4.1 Luxury Safari Tourism Market Size by Regions
4.2 Americas Luxury Safari Tourism Market Size Growth
4.3 APAC Luxury Safari Tourism Market Size Growth
4.4 Europe Luxury Safari Tourism Market Size Growth
4.5 Middle East & Africa Luxury Safari Tourism Market Size Growth
5.1 Americas Luxury Safari Tourism Market Size by Countries
5.2 Americas Luxury Safari Tourism Market Size by Type
5.3 Americas Luxury Safari Tourism Market Size by Application
5.4 United States
5.7 Key Economic Indicators of Few Americas Countries
6.1 APAC Luxury Safari Tourism Market Size by Countries
6.2 APAC Luxury Safari Tourism Market Size by Type
6.3 APAC Luxury Safari Tourism Market Size by Application
6.7 Southeast Asia
6.10 Key Economic Indicators of Few APAC Countries
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