The aim of luxury getaways is to provide the most desirable locations, comfortable accommodations, convenient transport facilities. It gives a wonderful experience to the travellers. The Luxury Travel Market offers services like private jet planes, spas, private island rentals, menus, and private yacht. People are choosing unique trips which has adventurous activities.

The Luxury Travel Market has a good growth potential in the future. Growing disposable income of the people and exposure to social media lead to the demand for luxury vacations. Travellers seek a different and enjoyable experience in unexplored destinations.

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Top Players in the Global Market

Abercrombie & Kent USA

Absolute Travel

Inspiring Travel Company

TCS World Travel

TÜ ELITE

More+

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Scope & Regional Forecast of the Luxury Travel Market

The growing inclination of people towards exotic holiday experience and rise of the upper middle class spending will augment the growth of the Luxury Travel Market. The new destinations along with rising service standards will definitely lead to the demand for exclusive travel. US holds the highest share in the market. There has also been a higher demand for luxury travels in China and India.

Baby boomers dominate the Luxury Travel Market in the age group of 51-69 years. This is due to higher number of annual visits, savings, and the priority to travel. They consider high end vacations as a priority. Eco Tourism, Medical Tourism, and Passion Tourism are also the main reasons for the baby boomers to travel.

The preference for higher comfort and first class facilities serve as a catalyst for the Luxury Travel Market. Asia Pacific will show the fastest growth in private luxury vacations. This is due to the rising number of middle income groups. Travels specials provide opportunities for the market players to be competitive. Growing interest of people to spend more time with families will lead to the demand for online travel agency.

Market is divided into the following segments based on geography:

Americas

APAC

EMEA

Market segment by Product Type, Luxury Travel can be split into
Domestic luxury travel

International luxury travel.

Market segment by Category, Luxury Travel can be split into

Adventure travel

Personalized vacation

Cruising and Yachting

Culinary travel

Other

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