Global Luxury Travel Market to Reach $2.3 Trillion by 2030
The global market for Luxury Travel estimated at US$1.1 Trillion in the year 2022, is projected to reach a revised size of US$2.3 Trillion by 2030, growing at a CAGR of 9% over the analysis period 2022-2030. Adventure & Safari, one of the segments analyzed in the report, is projected to record a 9.7% CAGR and reach US$1 Trillion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Culinary Travel & Shopping segment is readjusted to a revised 10.4% CAGR for the next 8-year period.The U.S. Market is Estimated at $308.5 Billion, While China is Forecast to Grow at 12.8% CAGR
The Luxury Travel market in the U.S. is estimated at US$308.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$499.4 Billion by the year 2030 trailing a CAGR of 12.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.5% and 7.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$326.3 Billion by the year 2030.Select Competitors (Total 63 Featured) -
- Abercrombie & Kent USA, LLC
- Butterfield & Robinson
- Cox & Kings Ltd.
- Kensington Tours Ltd.
- Ker and Downey
- Micato Safaris
- Tauck, Inc.
- Thomas Cook Ltd.
- Travcoa
- TUI AG
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Abercrombie & Kent USA, LLC
- Butterfield & Robinson
- Cox & Kings Ltd.
- Kensington Tours Ltd.
- Ker and Downey
- Micato Safaris
- Tauck, Inc.
- Thomas Cook Ltd.
- Travcoa
- TUI AG
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 284 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 1.1 Trillion |
Forecasted Market Value ( USD | $ 2.3 Trillion |
Compound Annual Growth Rate | 9.7% |
Regions Covered | Global |