Luxury Travel Market to Reach $1,154 Billion, Globally, by 2022. Read more at:https://www.alliedmarketresearch.com/luxury-travel-market Global luxury travel market is expected to garner $1,154 billion by 2022, registering a CAGR of 6.4% during the forecast period 2016-2022. Luxury travel market epitomizes most desirable destinations, luxurious accommodations, convenient transport facilities, and authentic travel experience. Luxury travel aims in giving exotic experience to its travelers. Private jet planes, spas, special menus, private island rentals, and private yacht are some of the unique services offered to the luxury travelers. Travelers, nowadays, love to experiment with destinations to gain deeper experience and absorb new cultures worldwide. To gain a valuable and unforgettable experience, people increasingly opt for unique trips which include cultural visit, cruising, and adventure activities. Download PDF sample copy at: https://www.alliedmarketresearch.com/request-free-sample/1662

1. Luxury Travel
Market
Opportunities and Forecasts,
2015 – 2022
Published Date: Sept 2016 No of Pages: 110

2. LUXURY TRAVEL MARKET OVERVIEW
• Luxury Travel Market report, published by Allied Market Research, forecasts that the
global market is expected to garner $198 billion by 2022, registering a CAGR of 15.5%
during the period 2016-2022.
• In 2015, North America and Europe collectively accounted for around 66% of the overall
market revenue.
• Growing inclination of people towards unique and exotic holiday experiences, rise in
middle and upper middle class spending and the increasing impact of social media on
travel industry are the key factors that drive the market growth.
• Emerging new destinations coupled with rising service standards in the travel industry, is
anticipated to further drive the demand for luxury travel, globally.
Read more on:- https://www.alliedmarketresearch.com/luxury-travel-market

3. LUXURY TRAVEL MARKET SEGMENTATION
BY TYPES OF TOURS
• Customized and Private Vacation
• Adventure and Safari
• Cruise/Ship Expedition
• Small Group Journey
• Celebration and Special Event
• Culinary Travel and Shopping
BY AGE GROUP
• Millennial (21‐30)
• Generation X (31‐40)
• Baby Boomers (41‐60)
• Silver Hair (60 and above)
BY TYPES OF TRAVELLERS
• Absolute Luxury
• Aspiring Luxury
• Accessible Luxury

4. LUXURY TRAVEL MARKET SEGMENT OVERVIEW
• The adventure and safari segment accounted for about 44% of the overall luxury travel
market revenue, by tour type in 2015, as this is identified as the most popular vacation
option among young and middle age group travelers.
• In addition, tours aimed at culinary and shopping experience, would witness the fastest
growth, registering a CAGR of 7.8% during the forecast period.
• An increasing number of luxury travelers 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). In 2015, approximately 70% of millennials took a trip based on culinary
interest.
• Baby boomers segment is projected to hold the highest market share in the overall luxury
travel market, by age group, as they have been identified as the highest travel spenders.

5. KEY BENEFITS OF LUXURY TRAVEL MARKET
 The study provides an in-depth analysis of the global luxury
travel market with current trends and future estimations to
elucidate the imminent investment pockets.
 The report provides a quantitative analysis from 2014 to 2022,
which is expected to enable the stakeholders to capitalize on
prevailing market opportunities.
 The report provides actual historical figures for 2014 and 2015
and provides forecasts from 2016 to 2022, considering 2015 as
base.
 Competitive intelligence highlights the business practices
followed by leading players across various regions.

6. LUXURY TRAVEL MARKET KEY FINDINGS
• In the year 2015, adventure and safari segment led the overall luxury travel market
revenue, and is projected to grow at a CAGR of 5.8% during the forecast period.
• Adventure and safari is the most sought after tour type, with travelers from Europe, Latin
America, and North America, comprising 78% of overall international departures in this
segment in 2015.
• The millennials age group segment is expected to grow at a CAGR of 8.1%, owing to rising
popularity of travel among this generation and the fact that they travel more often than
the other generations.
• Absolute luxury traveler segment is projected to generate largest revenue in the luxury
travel market.
• Asia-Pacific is estimated to witness significant growth during the forecast period (2016 to
2022), with China being the major stakeholder.

7. KEY DRIVERS OF LUXURY TRAVEL MARKET

8. • Abercrombie & Kent Ltd
• Cox & Kings Ltd
• Macato Safaris
• Ker & Downey
• Tauck
• Thomas Cook Group
• Scott Dunn Ltd
• Kensington Tours
• Butterfield & Robinson Inc
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KEY PLAYERS IN INDUSTRY

9. LUXURY TRAVEL MARKET BY REGION
North America, Europe, Asia-Pacific, LAMEA

10. DEFIBRILLATORS MARKET
Luxury travel 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 travelers are seeking unique traveling experience,
thus opting for exotic and unexplored destinations.
Yogita Sharma

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