Luxury Travel Market- Roadmap for Recovery from COVID-19 | The Increasing Disposable Incomes to Boost the Market Growth | Technavio

LONDON–(BUSINESS WIRE)–#GlobalLuxuryTravelMarket–Technavio has been monitoring the luxury travel market and it is poised to grow by $ 213.00 bn during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.


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Frequently Asked Questions:

  • What are the major trends in the market?
    Trending sports tourism is a major trend driving the growth of the market.
  • At what rate is the market projected to grow?
    The year-over-year growth for 2020 is estimated at -59.18% and the incremental growth of the market is anticipated to be $ 213.00 bn.
  • Who are the top players in the market?
    Abercrombie & Kent USA LLC, Absolute Travel Inc., Butterfield & Robinson Inc., Classic Journeys, Cox & Kings Ltd., Indigenous Tourism BC, Odyssey World, Responsible Travel, Scott Dunn, and Travelopia, are some of the major market participants.
  • What is the key market driver?
    The increasing disposable incomes is one of the major factors driving the market
  • How big is the North America market?
    The North America region will contribute 30% of the market share.

     

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Abercrombie & Kent USA LLC, Absolute Travel Inc., Butterfield & Robinson Inc., Classic Journeys, Cox & Kings Ltd., Indigenous Tourism BC, Odyssey World, Responsible Travel, Scott Dunn, and Travelopia are some of the major market participants. The increasing disposable incomes will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Luxury Travel Market 2020-2024: Segmentation

Luxury Travel Market is segmented as below:

  • Type

    • Adventure
    • Personalized
    • Cruising And Yachting
    • Culinary
    • Others
  • Geographic Landscape

    • Europe
    • North America
    • APAC
    • MEA
    • South America

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Luxury Travel Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The luxury travel market report covers the following areas:

  • Luxury Travel Market Size
  • Luxury Travel Market Trends
  • Luxury Travel Market Industry Analysis

This study identifies the trending sports tourism as one of the prime reasons driving the luxury travel market growth during the next few years.

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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Luxury Travel Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist luxury travel market growth during the next five years
  • Estimation of the luxury travel market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the luxury travel market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of luxury travel market vendors

Table of Contents:

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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