The luxury travel market is expected to grow by USD 213 billion, progressing at a CAGR of almost 4% during the forecast period.
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Technavio has announced its latest market research report titled Global Luxury Travel Market 2020-2024 (Graphic: Business Wire)
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The increasing disposable income of consumers is one of the major factors propelling market growth. However, factors such as the threat of terrorism will hamper growth.
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Luxury Travel Market: Type Landscape
Based on the type, the market saw maximum growth in the adventure segment in 2019. The segment will continue to offer significant growth opportunities for market vendors during the forecast period.
Luxury Travel Market: Geographic Landscape
By geography, North America is going to have a lucrative growth during the forecast period. About 30% of the market's overall growth is expected to originate from North America. The growth of sports tourism is one of the major factors driving the growth of the luxury travel market in North America.
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Companies Covered:
- Abercrombie Kent USA LLC
- Absolute Travel Inc.
- Butterfield Robinson Inc.
- Classic Journeys
- Cox Kings Ltd.
- Indigenous Tourism BC
- Odyssey World
- Responsible Travel
- Scott Dunn
- Travelopia
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type
- Adventure Market size and forecast 2019-2024
- Personalized Market size and forecast 2019-2024
- Cruising and yachting Market size and forecast 2019-2024
- Culinary Market size and forecast 2019-2024
- Others Market size and forecast 2019-2024
- Market opportunity by Type
Market Segmentation by Consumer
- Market segments
- Comparison by Consumer
- Domestic Market size and forecast 2019-2024
- International Market size and forecast 2019-2024
- Market opportunity by Consumer
Customer landscape
- Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- Europe Market size and forecast 2019-2024
- North America Market size and forecast 2019-2024
- APAC Market size and forecast 2019-2024
- MEA Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Volume drivers Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Abercrombie Kent USA LLC
- Absolute Travel Inc.
- Butterfield Robinson Inc.
- Classic Journeys
- Cox Kings Ltd.
- Indigenous Tourism BC
- Odyssey World
- Responsible Travel
- Scott Dunn
- Travelopia
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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