Global Luxury Travel Market Overview & Trends 2019-2025 - PowerPoint PPT Presentation

View by Category
About This Presentation
Title:

Global Luxury Travel Market Overview & Trends 2019-2025

Description:

Luxury Travel market is expected to increase in the coming years with multiple segments poised for positive growth. – PowerPoint PPT presentation

Number of Views:19

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Global Luxury Travel Market Overview & Trends 2019-2025


1
Luxury Travel Market
  • by Age Group (Millennials, Generation X, Baby
    Boomer and Silver Hair), by Application
    (Adventure Travel, Personalized Vacations,
    Cruising and Yachting, Culinary Travel and
    Others), by Region and Forecast 2018 to 2025

Single Use License US 4500
Request Sample
2
Luxury Travel Market Size and Share-Global
Forecast to 2025
  • The global luxury travel market is expected to be
    valued at USD 354.7 billion in 2017. The most
    desirable destination, luxurious accommodation,
    convenience of transportation and genuine
    experience is characterized by a luxurious travel
    market. The goal of luxury travel is to give its
    travelers exotic experience. The luxury travelers
    are provided with the unique services of private
    jet planes, Spas and special menus, private
    island rentals and private yacht.
  • Today, travelers like to experiment with
    destinations in order to gain more experience and
    to absorb new cultures around the world. People
    are increasingly choosing unique trips, including
    cultural visits, cruising or adventure activities
    to gain a worthy and unforgettable experience.
    The luxury travel market is projected to become
    the world's fastest growing travel sector. The
    main drivers of rising luxury tourism trends
    include people's inclination to uniquely exotic
    holidays, increasing disposable revenues and
    associated cost in the middle and high class, and
    people's growing necessity and interest to spend
    longer with families, due to increasingly busy
    lifestyles.

3
Luxury Travel Market Size and Share-Global
Forecast to 2025
  • In the last couple of decades, luxury tourism has
    uninterruptedly grown into one of the world's
    biggest and fastest growing economic sectors. 
    The traveling industry is growing to meet its
    demands as new rich citizens emerge in various
    parts of the world. Emerging Middle classes seek
    the substantive aspect of luxury journeys, more
    mature markets seek new luxuries. The supply, and
    in particular the demand, of a certain category
    of the tourism sector represents luxury travel.
  • Based on application, the global luxury travel
    market is fragmented into adventure travel,
    personalized vacations, cruising and yachting,
    culinary travel and others. The adventure travel
    segment accounted for the largest share of 48.8
    in 2017 and is expected to witness a robust
    growth over the forecast period. Increasing
    inclination of travelers towards adventure travel
    such as safaris is a major trend in the market.
    Fly in safaris, mobile guided safaris, self-drive
    safaris, etc. are some of the major types. The
    development of a tourism market has required
    significant foreign direct capital (FDI)
    investments in Africa and in other emerging
    markets in order to build up necessary
    infrastructures and super-structures, like
    hotels, charter services and airline access.
    Primary foreign direct investors in South Africa,
    for example, come from countries like the United
    Kingdom, Germany, the Netherlands, the US and
    France. These countries are also the main markets
    for international visitors to the region, which
    suggest a strong correlation between visiting
    countries and direct investment sources. Investor
    markets vary accordingly for the various sub
    sectors of tourism French companies, for
    example, tend to concentrate on wine companies,
    United Kingdom. And US investors are developing
    safari and tourism adventure, and German
    customers prefer to have vacation homes.
  • As a strategic step, several companies in the
    global luxury travel market are following
    expansions and acquisitions. The major players in
    the global luxury travel market include
    Abercrombie and Kent, Cox and Kings, Micato
    Safaris, The Luxury Safari Company Ltd., Ker
    Downey, Thomas Cook, Scott Dunn, Butterfield and
    Robinson and Natural Habitat Adventures among
    others.

4
Luxury Travel Market Size and Share-Global
Forecast to 2025
  • Age Group Overview, 2015-2025 (USD Million)
  • Millennials
  • Generation X
  • Baby Boomers
  • Silver Hair
  • Application Overview, 2015-2025 (USD Million)
  • Adventure Travel
  • Personalized Vacations
  • Cruising and Yachting
  • Culinary Travel
  • Others
  • Regional Overview, 2012-2022 (USD Million)
    (Million Square Feet)
  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East Africa

5
About Us
  • Adroit Market Research is an India-based business
    analytics and consulting company. Our target
    audience is a wide range of corporations,
    manufacturing companies, product/technology
    development institutions and industry
    associations that require understanding of a
    markets size, key trends, participants and
    future outlook of an industry. We intend to
    become our clients knowledge partner and provide
    them with valuable market insights to help create
    opportunities that increase their revenues. We
    follow a code Explore, Learn and Transform. At
    our core, we are curious people who love to
    identify and understand industry patterns, create
    an insightful study around our findings and churn
    out money-making roadmaps. Our analysts have
    tracked high growth markets in chemicals
    materials, healthcare pharmaceuticals,
    semiconductor electronics, energy power, food
    retail, consumer goods, technology, and
    machinery equipment sectors across the world to
    identify new opportunities, potential customers,
    prepare go-to-market (GTM) strategies, identify
    segments for revenue growth for companies, and
    many more.
  • US Headquarters3131 McKinney Ave Ste 600
    Dallas, TX 75204 ,U.S.A 
  • Phone 1 (214) 884-6068
  • Email sales_at_adroitmarketresearch.com
About PowerShow.com