Luxury travel refers to delivery of superior services and products in a unique and engaging way, to travelers travelling for family trips, or solo trips. Within the travel industry, the luxury travel market is one of the fastest growing markets globally. Luxury travel aims to provide unique and exceptional travelling experience to travelers. Through luxury travelling, people often try to discover new destinations apart from the standard vacation packages. Travelers are more interested to explore lesser known exotic destinations so as to learn and absorb the local culture and have a whole new life experience.
People spend large sum of money on luxury travel to avail highest level of comfort and exclusive services. Private jet planes and yachts spas, special customized menus, and private island rentals are some of the popular services offered by the market players operating in the luxury travel market. Europe and Caribbean are the most preferred destinations for luxury travel.
Rise in inclination of people toward unique and exotic holiday experiences supported by the rise in disposable income, surge in middle and upper middle class population, and the increase in need of people to spend more time with family due to hectic lifestyles are some of the factors that propel the growth of the luxury travel market. To have valuable experiences, people opt for adventure trips, cruising, and unique holidays abroad. Fluctuating economies in many regions act as a threat for the growth of the luxury travel market.
The luxury travel market is segmented on the basis of type of tour, age group, type of traveler, and region. In accordance to travelers’ type, the market is divided into absolute luxury, aspiring luxury, and accessible luxury. Based on the age group, the market is classified into millennial, generation X, baby boomers, and silver hair. By type of tour, the market is categorized into customized & private vacations, adventure & safari, cruise/ship expedition, small group journey, celebration & special events, and culinary travel & shopping. Based on region, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
POTENTIAL BENEFITS FOR STAKEHOLDERS:
§ The study provides an in-depth analysis of the luxury travel market with current trends and future scenarios to elucidate the imminent investment pockets.
§ Current trends and future estimations are outlined to determine the overall attractiveness and to single out profitable trends to gain a stronger foothold in the market.
§ The report offers information about key drivers, restraints, and opportunities with a detailed impact analysis.
§ Quantitative analysis of the current market and estimations from 2014 to 2026 is provided to showcase the financial competency.
§ Porter’s five forces model of the industry illustrate the potency of the buyers and suppliers.
§ Value chain analysis provides a clear understanding of the roles of stakeholders involved.
MARKET SEGMENTATION
The market is segmented on the basis of type of traveler, type of tour, age group, and region.
BY TRAVELER TYPE
§ Absolute Luxury
§ Aspiring Luxury
§ Accessible Luxury
BY TYPES of TOURS
§ Customized & Private Vacations
§ Adventure & Safari
§ Cruise/Ship Expedition
§ Rail Journey
§ Small Group Journey
§ Celebration & Special Events
§ Culinary Travel & Shopping
BY AGE GROUP
• Millennial (21–30)
• Generation X (31–40)
• Baby Boomers (41–60)
• Silver Hair (60 and above)
BY REGION
§ North America
o US
o Canada
o Mexico
§ Europe
o Germany
o France
o Spain
o Italy
o Rest of Europe
§ Asia-Pacific
o China
o India
o Singapore
o Rest of Asia-Pacific
§ LAMEA
o Latin America
o Middle East
o South Africa
KEY PLAYERS:
§ Abercrombie & Kent USA, LLC
§ Cox & Kings Ltd
§ Travcoa
§ Micato Safaris
§ Ker & Downey
§ Tauck
§ Thomas Cook Group PLC
§ Scott Dunn Ltd
§ Kensington Tours
§ Butterfield & Robinson Inc.
*Other players in the value chain include (profiles not included in the report)
• TUI Group
• Zicasso, Inc.
• Black Tomato
• Backroads
• Lindblad Expeditions
• Exodus travels
Chapter 1: Introduction
1.1. Key Benefits For Stakeholders
1.2. Key Market Segments
1.3. Research Methodology
1.3.1. Secondary Research
1.3.2. Primary Research
1.3.3. Analyst Tools And Models
Chapter 2: Market Overview
2.1. Cxo Perspective
2.2. Market Definition And Scope
2.3. Key Findings
2.3.1. Top Impacting Factor
2.3.1.1. Positive Impact of Factors:
2.3.1.1.1. Growing Inclination of People Towards Unique And Exotic Holiday Experiences
2.3.1.1.2. Growing Middle And Upper Middle-Class Spending
2.3.1.1.3. Growing Trend of Online Bookings
2.3.1.1.4. Rising Social Media And Its Impact On Travel Industry
2.3.1.2. Negative Impact of Factors:
2.3.1.2.1. Varying Socio-Economic Conditions
2.3.1.2.2. Impact of Natural Parameters
2.3.1.3. Factors Acting As Opportunity:
2.3.1.3.1. Emerging New Destinations
2.3.1.3.2. Demand For Enhanced Service Standards
2.3.2. Top Investment Pockets
2.3.3. Top Winning Strategies
2.4. Value Chain Analysis
2.4.1. Travel Planning
2.4.2. Transport
2.4.3. Accommodation
2.4.4. Local Travel
2.4.5. Food And Shopping
2.5. Porter’S Five Forces Analysis
2.5.1. Ability To Control Prices Makes High Bargaining Power of Suppliers
2.5.2. Customer Loyalty And Value For Money, Results In Low Bargaining Power of Buyers
2.5.3. Non-Luxury Travelling Option Results In Low Threat of Substitutes
2.5.4. Demand For High Service Standards And Huge Investments, Lowers The Threat of New Entrants
2.5.5. Low Rivalry Among Competitors As The Luxury Travel Market Is A Niche Market
2.6. Market Positioning, 2015
2.7. Market Dynamics
2.8. Market Dynamics
2.8.1. Drivers
2.8.1.1. Growing Inclination of People Towards Unique And Exotic Holiday Experiences
2.8.1.2. Growing Middle And Upper Middle Class Spending
2.8.1.3. Growing Trend of Online Bookings
2.8.1.4. The Rise of Social Media And Its Impact On Travel Industry
2.8.2. Restraint
2.8.2.1. Varying Socio-Economic Conditions
2.8.2.2. Effect By Natural Parameters
2.8.3. Opportunities
2.8.3.1. Emerging New Destinations
2.8.3.2. Demand For Enhanced Service Standards
Chapter 3: Luxury Travel Market, By Types of Tour
3.1. Overview
3.1.1. Market Size And Forecast
3.2. Customized And Private Vacations
3.2.1. Key Market Trends, Growth Factors And Opportunities
3.2.2. Market Size And Forecast
3.3. Adventure & Safari
3.3.1. Key Market Trends, Growth Factors And Opportunities
3.3.2. Market Size And Forecast
3.4. Cruise/Ship Expedition
3.4.1. Key Market Trends, Growth Factors And Opportunities
3.4.2. Market Size And Forecast
3.5. Small Group Journey
3.5.1. Key Market Trends, Growth Factors And Opportunities
3.5.2. Market Size And Forecast
3.6. Celebration And Special Events
3.6.1. Key Market Trends, Growth Factors And Opportunities
3.6.2. Market Size And Forecast
3.7. Culinary Travel And Shopping
3.7.1. Key Market Trends, Growth Factors And Opportunities
3.7.2. Market Size And Forecast
Chapter 4: Luxury Travel Market, By Age Group
4.1. Millennials
4.1.1. Key Market Trends, Growth Factors And Opportunities
4.1.2. Market Size And Forecast
4.2. Generation X
4.2.1. Key Market Trends, Growth Factors And Opportunities
4.2.2. Market Size And Forecast
4.3. Baby Boomers
4.3.1. Key Market Trends, Growth Factors And Opportunities
4.3.2. Market Size And Forecast
4.4. Silver Hair
4.4.1. Key Market Trends, Growth Factors And Opportunities
4.4.2. Market Size And Forecast
Chapter 5: Luxury Travel Market, By Type of Traveler
5.1. Absolute Luxury
5.1.1. Key Market Trends, Growth Factors, And Opportunities
5.1.2. Market Size And Forecast
5.2. Aspiring Luxury
5.2.1. Key Market Trends, Growth Factors, And Opportunities
5.2.2. Market Size And Forecast
5.3. Accessible Luxury
5.3.1. Key Market Trends, Growth Factors, And Opportunities
5.3.2. Market Size And Forecast
Chapter 6: Luxury Travel Market By Geography
6.1. Overview
6.1.1. Market Size And Forecast, By Region
6.2. North America
6.2.1. Key Market Trends, Growth Factors And Opportunities
6.2.2. Market Size And Forecast, By Types of Tours
6.2.3. Market Size And Forecast, By Age Group
6.2.4. Market Size And Forecast, By Types of Traveler
6.2.5. Market Size And Forecast, By Country
6.2.5.1. United States
6.2.5.1.1. Market Size And Forecast
6.2.5.2. Canada
6.2.5.2.1. Market Size And Forecast
6.2.5.3. Mexico
6.2.5.3.1. Market Size And Forecast
6.3. Europe
6.3.1. Key Market Trends, Growth Factors And Opportunities
6.3.2. Market Size And Forecast, By Types of Tours
6.3.3. Market Size And Forecast, By Age Group
6.3.4. Market Size And Forecast, By Types of Traveler
6.3.5. Market Size And Forecast, By Country
6.3.5.1. Germany
6.3.5.1.1. Market Size And Forecast
6.3.5.2. France
6.3.5.2.1. Market Size And Forecast
6.3.5.3. Spain
6.3.5.3.1. Market Size And Forecast
6.3.5.4. Italy
6.3.5.4.1. Market Size And Forecast
6.3.5.5. Rest of Europe
6.3.5.5.1. Market Size And Forecast
6.4. Asia-Pacific
6.4.1. Key Market Trends, Growth Factors And Opportunities
6.4.2. Market Size And Forecast, By Types of Tours
6.4.3. Market Size And Forecast, By Age Group
6.4.4. Market Size And Forecast, By Types of Traveler
6.4.5. Market Size And Forecast, By Country
6.4.5.1. China
6.4.5.1.1. Market Size And Forecast
6.4.5.2. India
6.4.5.2.1. Market Size And Forecast
6.4.5.3. Singapore
6.4.5.3.1. Market Size And Forecast
6.4.5.4. Rest of Asia-Pacific
6.4.5.4.1. Market Size And Forecast
6.5. Lamea
6.5.1. Key Market Trends, Growth Factors And Opportunities
6.5.2. Market Size And Forecast, By Types of Tours
6.5.3. Market Size And Forecast, By Age Group
6.5.4. Market Size And Forecast, By Types of Traveler
6.5.5. Market Size And Forecast, By Region
6.5.5.1. Latin America
6.5.5.1.1. Market Size And Forecast
6.5.5.2. Middle East
6.5.5.2.1. Market Size And Forecast
6.5.5.3. South Africa
6.5.5.3.1. Market Size And Forecast
Chapter 7: Company Profiles
7.1. Tui Group
7.1.1. Company Overview
7.1.2. Key Executive
7.1.3. Company Snapshot
7.1.4. Operating Business Segments
7.1.5. Product Portfolio
7.1.6. Business Performance
7.1.7. Key Strategic Moves And Developments
7.2. Thomas Cook
7.2.1. Company Overview
7.2.2. Key Executive
7.2.3. Company Snapshot
7.2.4. Product Portfolio
7.2.5. Business Performance
7.2.6. Key Strategic Moves And Developments
7.3. Cox & Kings
7.3.1. Company Overview
7.3.2. Key Executive
7.3.3. Company Snapshot
7.3.4. Operating Business Segments
7.3.5. Product Portfolio
7.3.6. Business Performance
7.3.7. Key Strategic Moves And Developments
7.4. Abercrombie & Kent Usa, Llc
7.4.1. Company Overview
7.4.2. Key Executive
7.4.3. Company Snapshot
7.4.4. Product Portfolio
7.4.5. Key Strategic Moves And Developments
7.5. Butterfield & Robinson
7.5.1. Company Overview
7.5.2. Key Executive
7.5.3. Company Snapshot
7.5.4. Product Portfolio
7.5.5. Key Strategic Moves And Developments
7.6. Tauck, Inc.
7.6.1. Company Overview
7.6.2. Key Executive
7.6.3. Company Snapshot
7.6.4. Product Portfolio
7.6.5. Key Strategic Moves And Developments
7.7. Exodus Travels Ltd.
7.7.1. Company Overview
7.7.2. Company Snapshot
7.7.3. Product Portfolio
7.8. Micato Safari
7.8.1. Company Overview
7.8.2. Company Snapshot
7.8.3. Operating Business Segments
7.8.4. Product Portfolio
7.9. Ker And Downey
7.9.1. Company Overview
7.9.2. Company Snapshot
7.9.3. Product Portfolio
7.10. Kensington Tours
7.10.1. Company Overview
7.10.2. Key Executive
7.10.3. Company Snapshot
7.10.4. Product Portfolio
7.10.5. Key Strategic Moves And Developments
