Luxury Travel Market to grow at a CAGR of 6.83% during the period 2017-2021. key players in the Global Luxury Travel Market are Abercrombie & Kent USA, Absolute Travel, Inspiring Travel Company, TCS World Travel, and TÜ ELITE.
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Other Prominent Vendors in the Luxury Travel Market are Backroads, Butterfield & Robinson, Classic Journeys, G Adventures, Journeys Within Tour, Touring Treasures, Wilderness Travel, and Zicasso.
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One trend in the Luxury Travel Market is trending sports tourism. Sports tourism refers to tourism that involves travel from one destination, such as city, state, country, and region, to another to watch or participate in a game.
In the last five to seven years, sports tourism has gained popularity, resulting in a large number of sports enthusiasts attending sporting events.
Luxury Travel Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years.
According to the Luxury Travel Market report, one driver in the market is growing spending capability. Per capita, disposable income has low volatility in developed countries, which is attributed to the increase in double-income households.
This has a direct influence on the spending capability of individuals. As a result, the affordability of high-end products and services has increased in developing countries.
Therefore, higher disposable incomes in Pacific Rim countries, such as Indonesia, Malaysia, and Vietnam, are expected to drive the market growth even further. In addition, the number of working women has increased considerably worldwide.
Market driver are Growing spending capability.
Market challenge are Threat of terrorism.
Market trend are Trending sports tourism.
List of Luxury Travel Market are:
Exhibit 01: Global tourism market 2016-2021 ($ trillions)
Exhibit 02: Global tourism market 2016-2021 (billions of individuals)
Exhibit 03: Leading countries in tourism 2016
Exhibit 04: Global luxury travel market: Overview
Exhibit 05: Global luxury travel market 2016-2021 ($ billions)
Exhibit 06: Five forces analysis
Exhibit 07: Global luxury travel market by type 2016-2021 (% revenue share)
Exhibit 08: Global domestic luxury travel market 2016-2021 ($ billions)
Exhibit 09: Global international luxury travel market 2016-2021 ($ billions)
Exhibit 10: Global luxury travel market by category 2016-2021 (% revenue share) Continued…
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