Luxury Travel: Global Strategic Business Report

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