Global Luxury Travel Market Set to Grow by $1.2 Billion Between 2021 and 2025 – ResearchAndMarkets.com | Financial Buzz

Global Luxury Travel Market Set to Grow by $1.2 Billion Between 2021 and 2025 – ResearchAndMarkets.com

The “Global Luxury Travel Market 2021-2025” report has been added to ResearchAndMarkets.com’s offering.

Global Luxury Travel Market 2021-2025

The publisher has been monitoring the luxury travel market and it is poised to grow by $ 1,232.77 bn during 2021-2025, decelerating at a CAGR of 26% during the forecast period.

The report on luxury travel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing disposable incomes, advances in technology, and growing digital connectivity. In addition, increasing disposable incomes is anticipated to boost the growth of the market as well.

The luxury travel market analysis includes type segment, consumer segment and geographical landscapes.

The luxury travel market is segmented as below:

By Type

  • Adventure
  • Personalized
  • Cruising and yachting
  • Culinary
  • Others

By Geographical Landscapes

  • Europe
  • North America
  • APAC
  • MEA
  • South America

By Consumer

  • Domestic
  • International

This study identifies the trending sports tourism as one of the prime reasons driving the luxury travel market growth during the next few years. Also, growing demand for multigenerational and micro trips, and higher acceptance of online travel agencies will lead to sizable demand in the market.

The report on luxury travel market covers the following areas:

  • Luxury travel market sizing
  • Luxury travel market forecast
  • Luxury travel market industry analysis

The publisher recognizes the following companies as the key players in the global luxury travel market: Abercrombie & Kent USA LLC, Absolute Travel Inc., Butterfield & Robinson Inc., Classic Journeys, Cox & Kings Ltd., Indigenous Tourism BC, Odyssey World, Responsible Travel, Scott Dunn, and Travelopia.

Commenting on the report, an analyst from the research team said: ‘The latest trend gaining momentum in the market is trending sports tourism.’

According to the report, one of the major drivers for this market is the increasing disposable incomes.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key Topics Covered:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Type

Market Segmentation by Consumer

Customer landscape

Geographic Landscape

Vendor Landscape

Vendor Analysis

Companies Mentioned

  • Abercrombie & Kent USA LLC
  • Absolute Travel Inc.
  • Butterfield & Robinson Inc.
  • Classic Journeys
  • Cox & Kings Ltd.
  • Indigenous Tourism BC
  • Odyssey World
  • Responsible Travel
  • Scott Dunn
  • Travelopia

For more information about this report visit https://www.researchandmarkets.com/r/wy7581

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