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:
Cruising and yachting
By Geographical Landscapes
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:
Five Forces Analysis
Market Segmentation by Type
Market Segmentation by Consumer
Abercrombie & Kent USA LLC
Absolute Travel Inc.
Butterfield & Robinson Inc.
Cox & Kings Ltd.
Indigenous Tourism BC
For more information about this report visit https://www.researchandmarkets.com/r/wy7581
View source version on businesswire.com: https://www.businesswire.com/news/home/20210802005304/en/
Laura Wood, Senior Press Manager
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