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Luxury Travel Market Analysis and Global Forecast (2021-2028) with COVID Impact Analysis

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Luxury Travel Market By Type Of Traveler (Absolute Luxury, Aspiring Luxury, Accessible Luxury), By Type Of Tour (Customized & Private Vacation, Adventure & Safari, Cruise/Ship Expedition, Small Group Journey, Celebration & Special Event, Culinary Travel & Shopping), By Age Group (Millennial (21–30), Generation X (31–40), Baby Boomers (41–60), Silver Hair (60 and above)) and By Geography – COVID-19 Impact Analysis, Post COVID Analysis, Opportunities, Trends and Forecast from 2021 to 2028

Report Code: EB_C&G_855| Page: 161 | Published Date: June 2021

Categories: ,
Description

The global Luxury Travel market size was valued at $436.68 billion in 2020 and is expected to reach $1.46 trillion by 2028 growing at the CAGR of 15.85% from 2021 to 2028. This growth is attributed to several macro and micro economic factors such as

  • Growth in disposable income and increase in upper-middle-class expenditure
  • Driver 2

Further several factors restraining the market growth include

  • Restraint 1
  • Restraint 2

Collaborations and Alliances in the Luxury Travel market are expected to generate higher avenues during the forecast period.

The COVID-19 pandemic has led to supply chain disruptions leading to supply shortages or lower demand in the Luxury Travel market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

In terms of COVID 19 impact, the Luxury Travel market report also includes the following data points:

  • Impact on Luxury Travel market size
  • End-User Trend, Preferences, and Budget Impact
  • Regulatory Framework/Government Policies
  • Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
  • Opportunity in Luxury Travel market

Key Insight in the report:

The global Luxury Travel market report covers executive summary, market dynamics, COVID impact & post COVID scenario, market size and forecast, competitive intelligence, market positioning, and product offerings.

Our report covers extensive competitive intelligence which includes the following data points:

  • Business Overview
  • Business Segment Data
  • Financial Data
  • Product Segment Analysis and Specification
  • Recent Development and Company Strategy Analysis
  • SWOT Analysis

The report covers market sizing and forecasting at the country level as well as at the segment level. The Luxury Travel market is analyzed across the below-mentioned different segments:

  • Type Of Traveler
    • Absolute Luxury
    • Aspiring Luxury
    • Accessible Luxury
  • Type Of Tour
    • Customized & Private Vacation
    • Adventure & Safari
    • Cruise/Ship Expedition
    • Small-Group Journey
    • Celebration & Special Event
    • Culinary Travel & Shopping
  • Age Group
    • Millennial (21–30)
    • Generation X (31–40)
    • Baby Boomers (41–60)
    • Silver Hair (60 and above)

The Luxury Travel market is also analyzed across the below-mentioned regions/countries:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Rest of the World
    • South America
    • Middle East & Africa

Some of the key players in of Luxury Travel market include:

  • Abercrombie & Kent USA
  • Cox & Kings Ltd
  • Travcoa
  • Micato Safaris
  • Ker & Downey
  • Thomas Cook Group PLC
  • Scott Dunn Ltd
  • Kensington Tours
  • Butterfield & Robinson Inc.
  • Tauck

REPORT CONTENT BRIEF:

  • High-level analysis of the current and future market trends and opportunities
  • Detailed analysis on current market drivers, restraining factors, and opportunities in the future
  • Luxury Travel market estimates for 2021 and forecast from 2022 to 2028 with CAGR from 2021 to 2028.
  • Vendor market share analysis at each product level
  • Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.
  • Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations and partnerships as well as funding taken and investment done, among others.

Target Audience

  • Manufacturers
  • Suppliers and traders
  • Government, associations, and industrial bodies
  • Investors and trade experts
  • Consulting Firms or Individual Consultant
  • Anyone interested in understanding the industry dynamic of the Luxury Travel market

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    Press Release

    Table of Content

    Table of Content

    Chapter 1.   Executive Summary

     

    Chapter 2.   Scope Of The Study

                         2.1.   Market Definition

                         2.2.   Scope Of The Study

                                   2.2.1.   Objectives of Report

     

    Chapter 3.   Evolve BI Methodology

     

    Chapter 4.   Market Insights and Trends

                         4.1.   Supply/ Value Chain Analysis

                         4.2.   Porter’s Five Forces Analysis

                                   4.2.1.   Threat Of New Entrants

                                   4.2.2.   Bargaining Power Of Buyers

                                   4.2.3.   Bargaining Power Of Suppliers

                                   4.2.4.   Threat Of Substitutes

                                   4.2.5.   Industry Rivalry

                         4.3.   Impact of COVID-19 on Luxury Travel Market

                                   4.3.1.   Impact on Market Size

                                   4.3.2.   End User Trend, Preferences and Budget Impact

                                   4.3.3.   Regulatory Framework/Government Policies

                                   4.3.4.   Key Players Strategy to Tackle Negative Impact

                                   4.3.5.   Opportunity Window

     

    Chapter 5.   Market Dynamics

                         5.1.   Introduction

                         5.2.   DRO Analysis

                                   5.2.1.   Drivers

                                   5.2.2.   Restraints

                                   5.2.3.   Opportunities

     

    Chapter 6.   Global Luxury Travel Market, By Type Of Traveler

                         6.1.   Introduction

                         6.2.   Absolute Luxury

                         6.3.   Aspiring Luxury

                         6.4.   Accessible Luxury

     

    Chapter 7.   Global Luxury Travel Market, By Type Of Tour

                         7.1.   Introduction

                         7.2.   Customized & Private Vacation

                         7.3.   Adventure & Safari

                         7.4.   Cruise/Ship Expedition

                         7.5.   Small Group Journey

                         7.6.   Celebration & Special Event

                         7.7.   Culinary Travel & Shopping

     

    Chapter 8.   Global Luxury Travel Market, By Age Group

                         8.1.   Introduction

                         8.2.   Millennial (21–30)

                         8.3.   Generation X (31–40)

                         8.4.   Baby Boomers (41–60)

                         8.5.   Silver Hair (60 and above)

     

    Chapter 9.   Global Luxury Travel Market, By Region

                         9.1.   Introduction

                         9.2.   North America

                                   9.2.1.   Introduction

                                   9.2.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                   9.2.3.   Market Size and Forecast, By Country, 2020 - 2028

                                   9.2.4.   Market Size and Forecast, By Type Of Traveller, 2020 - 2028

                                   9.2.5.   Market Size and Forecast, By Type Of Tour, 2020 – 2028

                                   9.2.6.   Market Size and Forecast, By Age Group, 2020 – 2028

                                   9.2.7.   US

                                                  9.2.7.1.   Introduction

                                                  9.2.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  9.2.7.3.   Market Size and Forecast, By Type Of Traveller, 2020 - 2028

                                                  9.2.7.4.   Market Size and Forecast, By Type Of Tour, 2020 – 2028

                                                  9.2.7.5.   Market Size and Forecast, By Age Group, 2020 - 2028

                                   9.2.8.   Canada

                                                  9.2.8.1.   Introduction

                                                  9.2.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  9.2.8.4.   Market Size and Forecast, By Type Of Traveller, 2020 - 2028

                                                  9.2.8.5.   Market Size and Forecast, By Type Of Tour, 2020 – 2028

                                                  9.2.8.6.   Market Size and Forecast, By Age Group, 2020 - 2028

                         9.3.   Europe

                                   9.3.1.   Introduction

                                   9.3.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                   9.3.3.   Market Size and Forecast, By Country, 2020 - 2028

                                   9.3.4.   Market Size and Forecast, By Type Of Traveller, 2020 - 2028

                                   9.3.5.   Market Size and Forecast, By Type Of Tour, 2020 – 2028

                                   9.3.6.   Market Size and Forecast, By Age Group, 2020 – 2028

                                   9.3.7.   Germany

                                                  9.3.7.1.   Introduction

                                                  9.3.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  9.3.7.3.   Market Size and Forecast, By Type Of Traveller, 2020 - 2028

                                                  9.3.7.4.   Market Size and Forecast, By Type Of Tour, 2020 – 2028

                                                  9.3.7.5.   Market Size and Forecast, By Age Group, 2020 - 2028

                                   9.3.8.   France

                                                  9.3.8.1.   Introduction

                                                  9.3.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  9.3.8.3.   Market Size and Forecast, By Type Of Traveller, 2020 - 2028

                                                  9.3.8.4.   Market Size and Forecast, By Type Of Tour, 2020 – 2028

                                                  9.3.8.5.   Market Size and Forecast, By Age Group, 2020 - 2028

                                   9.3.9.   UK

                                                  9.3.9.1.   Introduction

                                                  9.3.9.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  9.3.9.3.   Market Size and Forecast, By Type Of Traveller, 2020 - 2028

                                                  9.3.9.4.   Market Size and Forecast, By Type Of Tour, 2020 – 2028

                                                  9.3.9.5.   Market Size and Forecast, By Age Group, 2020 - 2028

                                   9.3.10.   Italy

                                                  9.3.10.1.   Introduction

                                                  9.3.10.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  9.3.10.3.   Market Size and Forecast, By Type Of Traveller, 2020 - 2028

                                                  9.3.10.4.   Market Size and Forecast, By Type Of Tour, 2020 – 2028

                                                  9.3.10.5.   Market Size and Forecast, By Age Group, 2020 - 2028

                                   9.3.11.   Rest Of Europe

                                                  9.3.11.1.   Introduction

                                                  9.3.11.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  9.3.11.3.   Market Size and Forecast, By Type Of Traveller, 2020 - 2028

                                                  9.3.11.4.   Market Size and Forecast, By Type Of Tour, 2020 – 2028

                                                  9.3.11.5.   Market Size and Forecast, By Age Group, 2020 - 2028

                         9.4.   Asia-Pacific

                                   9.4.1.   Introduction

                                   9.4.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                   9.4.3.   Market Size and Forecast, By Country, 2020 - 2028

                                   9.4.4.   Market Size and Forecast, By Type Of Traveller, 2020 - 2028

                                   9.4.5.   Market Size and Forecast, By Type Of Tour, 2020 – 2028

                                   9.4.7.   Market Size and Forecast, By Age Group, 2020 - 2028

                                   9.4.8.   China

                                                  9.4.8.1.   Introduction

                                                  9.4.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  9.4.8.3.   Market Size and Forecast, By Type Of Traveller, 2020 - 2028

                                                  9.4.8.4.   Market Size and Forecast, By Type Of Tour, 2020 – 2028

                                                  9.4.8.5.   Market Size and Forecast, By Age Group, 2020 - 2028

                                   9.4.9.   India

                                                  9.4.9.1.   Introduction

                                                  9.4.9.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  9.4.9.3.   Market Size and Forecast, By Type Of Traveller, 2020 - 2028

                                                  9.4.9.4.   Market Size and Forecast, By Type Of Tour, 2020 – 2028

                                                  9.4.9.5.   Market Size and Forecast, By Age Group, 2020 - 2028

                                   9.4.10.   Japan

                                                  9.4.10.1.   Introduction

                                                  9.4.10.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  9.4.10.3.   Market Size and Forecast, By Type Of Traveller, 2020 - 2028

                                                  9.4.10.4.   Market Size and Forecast, By Type Of Tour, 2020 – 2028

                                                  9.4.10.5.   Market Size and Forecast, By Age Group, 2020 - 2028

                                   9.4.11.   South Korea

                                                  9.4.11.1.   Introduction

                                                  9.4.11.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  9.4.11.3.   Market Size and Forecast, By Type Of Traveller, 2020 - 2028

                                                  9.4.11.4.   Market Size and Forecast, By Type Of Tour, 2020 – 2028

                                                  9.4.11.5.   Market Size and Forecast, By Age Group, 2020 - 2028

                                   9.4.12.   Rest Of Asia-Pacific

                                                  9.4.11.1.   Introduction

                                                  9.4.12.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  9.4.12.3.   Market Size and Forecast, By Type Of Traveller, 2020 - 2028

                                                  9.4.12.4.   Market Size and Forecast, By Type Of Tour, 2020 – 2028

                                                  9.4.12.5.   Market Size and Forecast, By Age Group, 2020 - 2028

                         9.5.   Rest Of The World (RoW)

                                   9.5.1.   Introduction

                                   9.5.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                   9.5.3.   Market Size and Forecast, By Type Of Traveller, 2020 - 2028

                                   9.5.4.   Market Size and Forecast, By Type Of Tour, 2020 – 2028

                                   9.5.5.   Market Size and Forecast, By Age Group, 2020 - 2028

                                   9.5.6.   Market Size and Forecast, By Region, 2020 - 2028

                                   9.5.7.   South America

                                                  9.5.7.1.   Introduction

                                                  9.5.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  9.5.7.3.   Market Size and Forecast, By Type Of Traveller, 2020 - 2028

                                                  9.5.7.4.   Market Size and Forecast, By Type Of Tour, 2020 – 2028

                                                  9.5.7.5.   Market Size and Forecast, By Age Group, 2020 - 2028

                                   9.5.8.   Middle East & Africa

                                                  9.5.8.1.   Introduction

                                                  9.5.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  9.5.8.3.   Market Size and Forecast, By Type Of Traveller, 2020 - 2028

                                                  9.5.8.4.   Market Size and Forecast, By Type Of Tour, 2020 – 2028

                                                  9.5.8.5.   Market Size and Forecast, By Age Group, 2020 - 2028

     

    Chapter 10.   Competitive Landscape

                         10.1.   Introduction

                         10.2.   Vendor Share Analysis, 2020/Key Players Positioning 2020

     

    Chapter 11.   Company Profiles

                         11.1.   Abercrombie & Kent USA

                                   11.1.1.   Business Overview

                                   11.1.2.   Financial Analysis

                                   11.1.3.   Product Portfolio

                                   11.1.4.   Recent Development and Strategies Adopted

                                   11.1.5.   SWOT Analysis

                         11.2.   Cox & Kings Ltd

                                   11.2.1.   Business Overview

                                   11.2.2.   Financial Analysis

                                   11.2.3.   Product Portfolio

                                   11.2.4.   Recent Development and Strategies Adopted

                                   11.2.5.   SWOT Analysis

                         11.3.   Travcoa

                                   11.3.1.   Business Overview

                                   11.3.2.   Financial Analysis

                                   11.3.3.   Product Portfolio

                                   11.3.4.   Recent Development and Strategies Adopted

                                   11.3.5.   SWOT Analysis

                         11.4.   Micato Safaris

                                   11.4.1.   Business Overview

                                   11.4.2.   Financial Analysis

                                   11.4.3.   Product Portfolio

                                   11.4.4.   Recent Development and Strategies Adopted

                                   11.4.5.   SWOT Analysis

                         11.5.   Ker & Downey

                                   11.5.1.   Business Overview

                                   11.5.2.   Financial Analysis

                                   11.5.3.   Product Portfolio

                                   11.5.4.   Recent Development and Strategies Adopted

                                   11.5.5.   SWOT Analysis

                         11.6.   Thomas Cook Group PLC

                                   11.6.1.   Business Overview

                                   11.6.2.   Financial Analysis

                                   11.6.3.   Product Portfolio

                                   11.6.4.   Recent Development and Strategies Adopted

                                   11.6.5.   SWOT Analysis

                         11.7.   Scott Dunn Ltd

                                   11.7.1.   Business Overview

                                   11.7.2.   Financial Analysis

                                   11.7.3.   Product Portfolio

                                   11.7.4.   Recent Development and Strategies Adopted

                                   11.7.5.   SWOT Analysis

                         11.8.   Kensington Tours

                                   11.8.1.   Business Overview

                                   11.8.2.   Financial Analysis

                                   11.8.3.   Product Portfolio

                                   11.8.4.   Recent Development and Strategies Adopted

                                   11.8.5.   SWOT Analysis

                         11.9.   Butterfield & Robinson Inc.

                                   11.9.1.   Business Overview

                                   11.9.2.   Financial Analysis

                                   11.9.3.   Product Portfolio

                                   11.9.4.   Recent Development and Strategies Adopted

                                   11.9.5.   SWOT Analysis

                         11.10.   Tauck

                                   11.10.1.   Business Overview

                                   11.10.2.   Financial Analysis

                                   11.10.3.   Product Portfolio

                                   11.9.4.   Recent Development and Strategies Adopted

                                   11.9.5.   SWOT Analysis

     

    Chapter 12.   Key Takeaways

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