Globally Luxury Travel Market is anticipated to grow at a CAGR of 7.2% during the forecast period (2024-2031).The increased demand for unique and personalized travel experiences, expanding Disposable Income is the key factor growth of luxury travel market. the population seeking luxury travel alternatives, and increasing focus on wellness and sustainability in luxury travel services are some of the primary drivers fuelling the market.
Some of the prominent market participants in Global Market Infrastructure are Abercrombie & Kent USA, LLC, Virtuoso, Ltd., Scott Dunn Ltd, Butterfield & Robinson Inc,TUI AG,Travcoa Corporation, Europe dominated the luxury travel industry in 2023, This is due to growing wealth of the person and transport connections.
In December 2023 Marriott International Redefines the Luxury Hospitality Landscape with a Strong Pipeline of One-of-a-kind Hotels and Resorts Set to Debut in 2024Marriott International celebrates the opening of its 500th luxury hotel, solidifying its position as a leader in the market. The company boasts a diverse portfolio of luxury brands like The Ritz-Carlton and W Hotels, offering unique experiences and cultural immersion. With over 200 additional luxury hotels in development, including 24 slated for 2024, Marriott is poised for continued growth.
In February 2024 Hilton and Small premium Hotels (SLH) collaborate to increase their premium offerings internationally. This cooperation enables Hilton's 180 million+ members to access and book stays at SLH's 560 distinct boutique hotels across 90 countries. This alliance broadens both companies reach and boosts their standing in the global luxury market.
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Market Coverage
The market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered-
By Luxury Travel Tour
By Age
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape includes Absolute Travel and Tours Ltd., Butterfield and Robinson Inc., Classic Journeys LLC, Exodus Travels Ltd., G Adventures among others.
Luxury Travel Market Segmentation
By Luxury Travel Tour
Customized & Private Vacations
Safari & Adventure
Cruises, Yachting and Small Ship Expeditions
Celebration Journeys
Culinary Travel & Shopping
By Age
Millennial
Generation Z
Baby Boomers
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Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
Butterfield & Robinson Inc.
Cox & Kings Ltd.
Scott Dunn Ltd.
Abercrombie & Kent USA, LLC
Lindblad Expeditions
Geographic Expeditions, Inc.
Micato Safari
Travels Limited
Travel Edge (Canada) Inc
Travacoa
SOTC Travel Services
Wilderness Travel
Omega Travel World
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