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[250 Pages Report] As per newly released data by Future Market Insights (FMI), the Luxury Travel Market is estimated at US$ 1,990.81 Billion in 2022 and is projected to reach US$ 2,105.12 Billion by 2032, at a CAGR of 6 % from 2022 to 2032.
Attribute | Details |
---|---|
Luxury Travel Market Estimated Size (2022) | US$ 1,990.81 Billion |
Luxury Travel Market Projected Size (2032) | US$ 2,105.12 Billion |
Luxury Travel Market Value-based CAGR (2022 to 2032) | 6 % |
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The Luxury Travel market is forecasted to grow at a steady rate during the forecast period. The growth can be attributed to several reasons both international and domestic. Luxury travel services offer high-end, exclusive, and customized facilities to enhance people’s overall experience during their stay.
Nowadays many travel companies offer authentic holiday packages with unusual activities, off-the-beaten paths, and 24-hour support to attract a broad customer base and competitive edge. The growing demand of people towards exotic, luxury, and unique experiences an increase in middle-upper class spending, a rise in online bookings, and a surge in social media usage help to grow the travel market and luxury Travel Market.
New Destinations and a demand for enhanced service standards are expected to create multiple opportunities for key market players.
The growing willingness among individuals to spend on luxury trips accommodation with exotic holiday experiences increased disposable revenues and improved transportation infrastructure are important drivers of market growth. The emerging trend of modern campsites or innovative glamping accommodations, combined with increasing awareness of eco-friendly travel solutions and positively influences the demand for luxury travel worldwide. Many tourism businesses are adopting state-of-the-art technologies, such as artificial intelligence(AI), to allow travelers to book their travel online.
In 2022, Voyaah, the tech-led luxury travel organization has recently received its seed funding of US$500,000 from a well-known name in Advertising, the fresh funds will be used for expanding into newer areas, enhancing the product and technology in addition to hiring relevant talent.
Variety of Luxury Experiences makes New Zealand a popular destination for Luxury Travels
New Zealand has been a popular destination for Luxury Travellers. I have four reasons to say New Zealand is considering luxury travel i.e., There are exceptional food and wine-making experiences, exceptional outdoor adventures and outdoor activities, unparalleled landscapes and scenery, and compelling culture and history among luxury travel due to these couple of major reasons. Travelers can visit New Zealand at any time of the year. It's famous saying New Zealand has four seasons in a day. There are two luxury travel destinations in New Zealand North Island and South Islands. New Zealand has plenty of premium luxury experiences like golf courses, indulgent hot pools, sailing charters, private hiking trails, ski fields, and fine dining.
Historical principalities make Monaco a Luxury Travel Destination
Monaco is the second smallest nation it is famous for its grand casinos, grand shopping centers, opulent bars, clubs, and human-made beaches and it attracts celebrities and holidaymakers. The best time to visit Monaco is in early autumn. An important fact about Monaco is every 3rd person is a millennial and the real estate business is expensive. The Monaco government tourist office launched the Green is the new Glam Campaign the role of this campaign is both environmentally conscious and make it glamorous at the same time
Europe is a major source market for Luxury Travel its growing fast. Tour operators provide highly discounted offers, accommodation, and food. The leading European source for the tourism market is the United Kingdom, France, and Germany. Online research helps to grow fast in the tourism market. Europe is an upscale tourism market and experiences different activities like Slow Travel, private experiences, nature-based experiences, ready-to-sell, etc. Also, Europe is the number one destination for tourism. The government recommends making more sustainable choices as they can do
Luxury Travel Market Europe is the most traveled Destination
Every place in the world has its history but what we love about Europe is that historic buildings and monuments are preserved. The most traveled destination in Europe because of its luxury travel market This is due to the ease of booking and accommodations one can avail of while visiting these Luxury locations. They are regulated and kept in good condition by the respected Luxury destinations, also offering the tourists all-inclusive packages and tours of the locations and related destinations. While famous destinations where popular places have been visited have also seen a surge in the number of visitors, helping generate revenue for the local economies.
Online booking channels lead the booking channel segmentation
With the extensive availability of the net and the net presence of top firms running inside the marketplace, the reserving channels have especially shifted in the direction of the online mode of bookings. This upward push is attributed because of the ever-increasing ease of the use of the net channel and the extensive range of excursion alternatives one gets from those platforms. Hassle-unfastened revel in and the consolation of reserving at your comfort also are the using elements in this case. The online bookings channel is predicted to preserve taking pictures of the fundamental marketplace proportion and continue to be the maximum preferred
Packaged Traveler is the most prominent category
With several corporations providing distinct offerings and all-inclusive applications, it has made the ‘Packaged Traveler’ the bulk class with inside the excursion kind segmentation. The corporations offer movie tourism applications with distinct activities, locations, and fee ranges; supporting fulfilling the desires of the bulk of the client base without the need for them to undergo distinct channels for distinct offerings, saving them the trouble and cost. Thus making packaged travelers the norm within the movie tourism sector.
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The competitive landscape of the industry was also considered with the profiles of major players Abercrombie & Kent USA LLC., Butterfield & Robinson Inc., Cox & Kings Ltd., Exodus Travels Limited (Travelopia), Kensington Tours Ltd., Micato Safaris, Scott Dunn Ltd., Tauck, Thomascook.in (Fair bridge Capital (Mauritius) Limited) and TUI Group.
For Instance:
Attribute | Details |
---|---|
Forecast Period | 2022 to 2032 |
Historical Data Available for | 2017 to 2021 |
Market Analysis | US$ Billion for Value |
Key Regions Covered | North America, Latin America, Europe, East Asia, South Asia, Oceania & MEA. |
Key Countries Covered | United States of America, Canada, Brazil, Mexico, Germany, The UK, France, Spain, Italy, Russia, Benelux, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia & New Zealand. |
Key Segments Covered | Mode of transportation type, Booking Channel, Tourist Type, Tour Type, Consumer Orientation, Age Group, and Region |
Key Companies Profiled |
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Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The Film Tourism market is currently valued at US$ 1,990.81 Billion in 2022.
The Film Tourism market is currently forecasted to grow at a rate of 6 % CAGR during the forecast period.
Driving trends in the Luxury Travel market are the increasing popularity of Luxury Travel worldwide and the ease of travel to such locations.
Leading players operating in the Luxury Travels at a global level are Abercrombie & Kent USA, LLC, Cox & Kings Ltd, Travcoa, Micato Safaris, Ker & Downey, Tauck, Thomas Cook Group PLC, Scott Dunn Ltd, Kensington Tours, and Butterfield & Robinson Inc.
1. Executive Summary | Luxury Travel Market 1.1. Global Market Outlook 1.1.1. Who Is Travelling? 1.1.2. How Much Do They Spend? 1.1.3. Direct Contribution of Tourism To GDP 1.1.4. Direct Contribution of Tourism To Employment 1.2. Tourism Evolution Analysis 1.3. FMI Analysis and Recommendations 2. Market Introduction 2.1. Total Spending (US$ Million) and Forecast (2022 to 2032) 2.2. Number of Markets (Million) and Forecast (2022 to 2032) 2.3. Total Spending Y-o-Y Growth Projections (2022 to 2032) 2.4. Number of Film-based Tourists Y-o-Y Growth Projections 3. Global Tourism Industry Analysis 3.1. Tourism Industry Overview 3.1.1. Travel & Tourism Industry Contribution To Global GDP 3.1.1.1. Business Spending v/s Leisure Spending 3.1.1.2. Domestic v/s Foreign 3.1.1.3. Direct, Indirect, and Induced 3.1.2. Travel Sector Contribution To Global Overall Employment 3.1.3. Travel & Tourism Growth Rate 3.1.4. Foreign Visitor Exports As Percentage of Total Exports 3.1.5. Capital Investment In Travel & Tourism Industry 3.1.6. Different Components of Travel & Tourism 3.1.7. Global Tourism Industry Outlook 3.1.7.1. Cultural Tourism 3.1.7.2. Culinary Tourism 3.1.7.3. Eco/Sustainable Tourism 3.1.7.4. Sports Tourism 3.1.7.5. Spiritual Tourism 3.1.7.6. Wellness Tourism 3.1.7.7. Others 4. Global Market Dynamics 4.1. Market Drivers & Opportunities 4.1.1. The Trend of Cultural Tourism Gives Rise to Visitors in the Market 4.1.2. Globalization of Content and Ease of Travel Boosting the Market. 4.1.3. Others (during course study) 5. Market Background 5.1. Top 10 Market Companies 5.2. Macro-Economic Factors 5.2.1. Global GDP Growth Outlook 5.2.2. Global Industry Value Added 5.2.3. Global Consumer Spending Outlook 5.2.4. Global Direct contribution of Travel & Tourism to GDP 5.2.5. Global Visitor Exports and International Tourist Arrivals 5.2.6. Capital Investment In Travel & Tourism 5.2.7. Top Tourism Spending Countries 5.3. Forecast Factors - Relevance & Impact 6. Categorizing of Global Market 2021 6.1. Introduction/ Key Findings 6.2. Current Market Analysis by Mode of transportation Type (% of Demand) 6.2.1. Air Transportation 6.2.2. Water Transportation 6.2.3. And Land Transportation 6.3. Current Market Analysis by Booking Channel (% of Demand) 6.3.1. Phone Booking 6.3.2. Online Booking 6.3.3. In-Person Booking 6.4. Current Market Analysis By Tourist Type (% of Demand) 6.4.1. Domestic 6.4.2. International 6.5. Current Market Analysis By Tour Type (% of Demand) 6.5.1. Independent Traveller 6.5.2. Tour Group 6.5.3. Package Traveller 6.6. Current Market Analysis By Consumer Orientation (% of Demand) 6.6.1. Men 6.6.2. Women 6.7. Current Market Analysis By Age Group (% of Demand) 6.7.1. 15-25 Years 6.7.2. 26-35 Years 6.7.3. 36-45 Years 6.7.4. 46-55 Years 6.7.5. 66-75 Years 6.8. Current Market Analysis By Region (% of Demand) 6.8.1. North America 6.8.2. Latin America 6.8.3. Europe 6.8.4. East Asia 6.8.5. South Asia 6.8.6. Oceania 6.8.7. Middle East and Africa (MEA) 6.9. Key Findings, By Each Category 7. Categorizing of market 2021 7.1. Introduction/ Key Findings 7.2. Current Market Analysis by Mode of Transportation Type (% of Demand) 7.2.1. Air Transportation 7.2.2. Water Transportation 7.2.3. And Land Transportation 7.3. Current Market Analysis by Booking Channel (% of Demand) 7.3.1. Phone Booking 7.3.2. Online Booking 7.3.3. In-Person Booking 7.4. Current Market Analysis By Tourist Type (% of Demand) 7.4.1. Domestic 7.4.2. International 7.5. Current Market Analysis By Tour Type (% of Demand) 7.5.1. Independent Traveler 7.5.2. Tour Group 7.5.3. Package Traveler 7.6. Current Market Analysis By Consumer Orientation (% of Demand) 7.6.1. Men 7.6.2. Women 7.7. Current Market Analysis By Age Group (% of Demand) 7.7.1. 15-25 Years 7.7.2. 26-35 Years 7.7.3. 36-45 Years 7.7.4. 46-55 Years 7.7.5. 66-75 Years 7.8. Current Market Analysis By Country (% of Demand) 7.8.1. US 7.8.2. Canada 7.9. Key Findings, By Each Category 8. Categorizing of Latin America Market 2021 8.1. Introduction/ Key Findings 8.2. Current Market Analysis by Mode of Transportation Type (% of Demand) 8.2.1. Air Transportation 8.2.2. Water Transportation 8.2.3. Land Transportation 8.3. Current Market Analysis By Booking Channel (% of Demand) 8.3.1. Phone Booking 8.3.2. Online Booking 8.3.3. In-Person Booking 8.4. Current Market Analysis By Tourist Type (% of Demand) 8.4.1. Domestic 8.4.2. International 8.5. Current Market Analysis By Tour Type (% of Demand) 8.5.1. Independent Traveler 8.5.2. Tour Group 8.5.3. Package Traveler 8.6. Current Market Analysis By Consumer Orientation (% of Demand) 8.6.1. Men 8.6.2. Women 8.7. Current Market Analysis By Age Group (% of Demand) 8.7.1. 15-25 Years 8.7.2. 26-35 Years 8.7.3. 36-45 Years 8.7.4. 46-55 Years 8.7.5. 66-75 Years 8.8. Current Market Analysis By Country (% of Demand) 8.8.1. Brazil 8.8.2. Mexico 8.8.3. Argentina 8.8.4. Colombia 8.8.5. Rest of LA 8.9. Key Findings, By Each Category 9. Categorizing of Europe Market 2021 9.1. Introduction/ Key Findings 9.2. Current Market Analysis By Mode of Transportation Type (% of Demand) 9.2.1. Air Transportation 9.2.2. Water Transportation 9.2.3. And Land Transportation 9.3. Current Market Analysis By Booking Channel (% of Demand) 9.3.1. Phone Booking 9.3.2. Online Booking 9.3.3. In-Person Booking 9.4. Current Market Analysis By Tourist Type (% of Demand) 9.4.1. Domestic 9.4.2. International 9.5. Current Market Analysis By Tour Type (% of Demand) 9.5.1. Independent Traveler 9.5.2. Tour Group 9.5.3. Package Traveler 9.6. Current Market Analysis By Consumer Orientation (% of Demand) 9.6.1. Men 9.6.2. Women 9.7. Current Market Analysis By Age Group (% of Demand) 9.7.1. 15-25 Years 9.7.2. 26-35 Years 9.7.3. 36-45 Years 9.7.4. 46-55 Years 9.7.5. 66-75 Years 9.8. Current Market Analysis By Country (% of Demand) 9.8.1. Germany 9.8.2. Russia 9.8.3. France 9.8.4. Italy 9.8.5. UK 9.8.6. Rest of Europe 9.9. Key Findings, By Each Category 10. Categorizing of East Asia Market 2021 10.1. Introduction/ Key Findings 10.2. Current Market Analysis By Mode of Transportation Type (% of Demand) 10.2.1. Air Transportation 10.2.2. Water Transportation 10.2.3. And Land Transportation 10.3. Current Market Analysis By Booking Channel (% of Demand) 10.3.1. Phone Booking 10.3.2. Online Booking 10.3.3. In-Person Booking 10.4. Current Market Analysis By Tourist Type (% of Demand) 10.4.1. Domestic 10.4.2. International 10.5. Current Market Analysis By Tour Type (% of Demand) 10.5.1. Independent Traveler 10.5.2. Tour Group 10.5.3. Package Traveler 10.6. Current Market Analysis By Consumer Orientation (% of Demand) 10.6.1. Men 10.6.2. Women 10.7. Current Market Analysis By Age Group (% of Demand) 10.7.1. 15-25 Years 10.7.2. 26-35 Years 10.7.3. 36-45 Years 10.7.4. 46-55 Years 10.7.5. 66-75 Years 10.8. Current Market Analysis By Country (% of Demand) 10.8.1. China 10.8.2. Japan 10.8.3. South Korea 10.9. Key Findings, By Each Category 11. Categorizing of South Asia Market 2021 11.1. Introduction/ Key Findings 11.2. Current Market Analysis By Mode of Transportation Type (% of Demand) 11.2.1. Air Transportation 11.2.2. Water Transportation 11.2.3. And Land Transportation 11.3. Current Market Analysis By Booking Channel (% of Demand) 11.3.1. Phone Booking 11.3.2. Online Booking 11.3.3. In-Person Booking 11.4. Current Market Analysis By Tourist Type (% of Demand) 11.4.1. Domestic 11.4.2. International 11.5. Current Market Analysis By Tour Type (% of Demand) 11.5.1. Independent Traveler 11.5.2. Tour Group 11.5.3. Package Traveler 11.6. Current Market Analysis By Consumer Orientation (% of Demand) 11.6.1. Men 11.6.2. Women 11.7. Current Market Analysis By Age Group (% of Demand) 11.7.1. 15-25 Years 11.7.2. 26-35 Years 11.7.3. 36-45 Years 11.7.4. 46-55 Years 11.7.5. 66-75 Years 11.8. Current Market Analysis By Country (% of Demand) 11.8.1. India 11.8.2. Malaysia 11.8.3. Indonesia 11.8.4. Thailand 11.8.5. Philippines 11.8.6. Cambodia 11.8.7. Vietnam 11.8.8. Rest of SA 11.9. Key Findings, By Each Category 12. Categorizing of Oceania Market 2021 12.1. Introduction/ Key Findings 12.2. Current Market Analysis By Mode of Transportation Type (% of Demand) 12.2.1. Air Transportation 12.2.2. Water Transportation 12.2.3. And Land Transportation 12.3. Current Market Analysis By Booking Channel (% of Demand) 12.3.1. Phone Booking 12.3.2. Online Booking 12.3.3. In-Person Booking 12.4. Current Market Analysis By Tourist Type (% of Demand) 12.4.1. Domestic 12.4.2. International 12.5. Current Market Analysis By Tour Type (% of Demand) 12.5.1. Independent Traveler 12.5.2. Tour Group 12.5.3. Package Traveler 12.6. Current Market Analysis By Consumer Orientation (% of Demand) 12.6.1. Men 12.6.2. Women 12.7. Current Market Analysis By Age Group (% of Demand) 12.7.1. 15-25 Years 12.7.2. 26-35 Years 12.7.3. 36-45 Years 12.7.4. 46-55 Years 12.7.5. 66-75 Years 12.8. Current Market Analysis By Country (% of Demand) 12.8.1. Australia 12.8.2. New Zealand 12.9. Key Findings, By Each Category 13. Categorizing of Middle East and Africa market 2021 13.1. Introduction/ Key Findings 13.2. Current Market Analysis By Mode of Transportation Type (% of Demand) 13.2.1. Air Transportation 13.2.2. Water Transportation 13.2.3. And Land Transportation 13.3. Current Market Analysis By Booking Channel (% of Demand) 13.3.1. Phone Booking 13.3.2. Online Booking 13.3.3. In-Person Booking 13.4. Current Market Analysis By Tourist Type (% of Demand) 13.4.1. Domestic 13.4.2. International 13.5. Current Market Analysis By Tour Type (% of Demand) 13.5.1. Independent Traveler 13.5.2. Tour Group 13.5.3. Package Traveler 13.6. Current Market Analysis By Consumer Orientation (% of Demand) 13.6.1. Men 13.6.2. Women 13.7. Current Market Analysis By Age Group (% of Demand) 13.7.1. 15-25 Years 13.7.2. 26-35 Years 13.7.3. 36-45 Years 13.7.4. 46-55 Years 13.7.5. 66-75 Years 13.8. Current Market Analysis By Country (% of Demand) 13.8.1. Turkey 13.8.2. South Africa 13.8.3. UAE 13.8.4. Egypt 13.8.5. Jordan 13.8.6. Rest of MEA 13.9. Key Findings, By Each Category 14. Competition Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Competition Deep Dive 14.3.1. Abercrombie & Kent 14.3.1.1. Overview 14.3.1.2. Service Portfolio 14.3.1.3. Strategy Overview/campaigns 14.3.2. USA, LLC, Cox & Kings Ltd. 14.3.2.1. Overview 14.3.2.2. Service Portfolio 14.3.2.3. Strategy Overview/campaigns 14.3.3. Travcoa 14.3.3.1. Overview 14.3.3.2. Service Portfolio 14.3.3.3. Strategy Overview/campaigns 14.3.4. Micato Safaris 14.3.4.1. Overview 14.3.4.2. Service Portfolio 14.3.4.3. Strategy Overview/campaigns 14.3.5. Ker & Downey 14.3.5.1. Overview 14.3.5.2. Service Portfolio 14.3.5.3. Strategy Overview/campaigns 14.3.6. Tauck 14.3.6.1. Overview 14.3.6.2. Service Portfolio 14.3.6.3. Strategy Overview/campaigns 14.3.7. homas Cook Group PLC 14.3.7.1. Overview 14.3.7.2. Service Portfolio 14.3.7.3. Strategy Overview/campaigns 14.3.8. Scott Dunn Ltd 14.3.8.1. Overview 14.3.8.2. Service Portfolio 14.3.8.3. Strategy Overview/campaigns 14.3.9. Kensington Tours 14.3.9.1. Overview 14.3.9.2. Service Portfolio 14.3.9.3. Strategy Overview/campaigns 14.3.10. Butterfield & Robinson Inc. 14.3.10.1. Overview 14.3.10.2. Service Portfolio 14.3.10.3. Strategy Overview/campaigns 14.3.11. Other Players (As Per Request) 15. Social Media Sentimental Analysis 15.1. Social Media Platforms Preferred 15.1.1. Facebook 15.1.2. YouTube 15.1.3. Instagram 15.1.4. Twitter 15.1.5. LinkedIn 15.1.6. Pinterest 15.1.7. Google+ 15.1.8. Others 15.2. Perceptions of the Proposed Tour Package 15.3. Consumer Perception for Destinations On Social Media Platforms-Positive and Negative Mentions 15.4. Trending #Hashtags 15.5. Social Media Platform Mentions (% of Total Mentions) 15.6. Region-Wise Social Media Mentions (% of Total Mentions) 15.7. Trending Subject Titles 16. Assumptions and Acronyms Used 17. Research Methodology
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