Luxury Tourism Market Trends, Analysis & Forecast,2027 - PowerPoint PPT Presentation

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Luxury Tourism Market Trends, Analysis & Forecast,2027

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An increase in the number of baby boomers that are seeking personalized and authentic travel experiences is observed. According to the AARP Travel’s 2019 Boomer Travel Trends, during 2019, boomers were aiming at taking nearly 4 to 5 leisure trips on which they had planned to spend more than USD 6,600, which is approximately 20% to 50% more than that of their counterparts. – PowerPoint PPT presentation

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Title: Luxury Tourism Market Trends, Analysis & Forecast,2027


1
Luxury Tourism Market 2021-2027 Growth Forecast
Industry Share Report
2
Industry Insights
  • The global luxury tourism market has witnessed
    sizeable expansion over the years due to a fair
    improvement in economic conditions among the
    people. An increase in demand for personalized
    and private vacations that guarantee privacy,
    safety, and comfort has encouraged the adoption
    of luxury travel packages.
  • Reports suggest that the global luxury tourism
    market size could reach USD 45 billion in
    valuation by 2027. There has been a significant
    increase in the number of international travels
    to the U.S. to enjoy diversified culture. As per
    the International Trade Administration National
    Travel and Tourism Office, the U.S. travel and
    tourism sector were responsible for 2.9 of the
    total GDP in the year 2019.

3
  • These tours are expected to be split between
    domestic and international travel. Baby boomers
    are focus on planning luxury tours primarily for
    relaxation purposes from the monotonous routine.
    The increase in the number of internet users
    across the generation has encouraged them to opt
    for various travel destinations and tour company
    packages. This will continue to support the
    potential for luxury tourism market.
  • Get sample copy of this research report _at_
    https//www.gminsights.com/request-sample/detail/5
    038
  • Although, with gradual travel relaxations to
    revive the economy, the adoption of luxury
    tourism will regain strength. The sharp increase
    in the number of students traveling to other
    countries and working professionals seeking
    permanent settlement also contribute to the
    domestic luxury tourism market scale.

4

Browse complete Table of Contents (ToC) of this
research report _at_ https//www.gminsights.com/toc/
detail/luxury-tourism-market Chapter 5 Luxury
Tourism Market, By Type 5.1 Key trends, by
type 5.2 Customized private
vacations 5.2.1 Market estimates and
forecast, 2017 2027 5.3 Celebration
journeys 5.3.1 Market estimates and forecast,
2017 2027 5.4 Adventure sport
travel 5.4.1 Market estimates and forecast,
2017 2027
5
5.5 Safari 5.5.1 Market estimates and
forecast, 2017 2027 5.6 Cruises yachting
small ship 5.6.1 Market estimates and
forecast, 2017 2027 5.7 Others 5.7.1
Market estimates and forecast, 2017 2027

6
Region
  • A report by the U.S. Travel Association suggests
    that in 2019, international and domestic
    travelers spent nearly USD 1.1 trillion across
    the region, directly employing 9 million people
    in the U.S. The COVID-19 outbreak has largely
    affected the tourism industry owing to the
    restrictions in the movement of people across
    domestic and international borders as directed by
    the governments to curb the spread of infections.

7
Key Players
  • Thomas Cook (India) Ltd. (TCIL)
  • Abercrombie Kent USA
  • LLC
  • TUI Group
  • Travelopia
  • Lindblad Expeditions
  • Jet2 Holidays

8
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