25 reports

Luxury Travel Market by Type of Tour (Customized & Private Vacations, Adventure & Safari, Cruise/Ship Expedition, Small Group Journey, Celebration & Special Events, and Culinary Travel & Shopping), Age Group (Millennial, Generation X, Baby Boomers, and Silver Hair), and Type of Traveler (Absolute Luxury, Aspiring Luxury, and Accessible...

  • Luxury Tourism
  • World
  • APAC
  • Europe

Abstract: - Global Luxury Travel Market to Reach $1.3 Trillion by 2027 - Amid the COVID-19 crisis, the global market for Luxury Travel estimated at US$927.3 Billion in the year 2020, is projected to reach a revised size of US$1.3 Trillion by 2027, growing at a CAGR of 5.3% over the analysis period 2020-2027. Customized...

  • Luxury Tourism
  • World
  • China
  • United States

Greece Luxury Travel Market by Type of Tour (Customized & Private Vacations, Adventure & Safari, Cruise/Ship Expedition, Small Group Journey, Celebration & Special Events, and Culinary Travel & Shopping), Type of Traveler (Absolute Luxury, Aspiring Luxury, and Accessible Luxury) and Age Group (Millennial, Generation X, Baby Boomer,...

  • Luxury Tourism
  • Greece
  • Tourist Arrivals

The global luxury travel market reached a value of around US$ 1,605 Billion in 2020. Looking forward, the analyst expects the market to grow at a CAGR of 9.1% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the...

  • Travel
  • Luxury Tourism
  • World
  • Disposable Income

Global Luxury Travel Market 2021-2025 The analyst has been monitoring the luxury travel market and it is poised to grow by $ 1,232.77 bn during 2021-2025, decelerating at a CAGR of 26% during the forecast period. Our report on luxury travel market provides a holistic analysis, market size and forecast, trends, growth drivers,...

  • Luxury Tourism
  • World
  • Disposable Income

Luxury Travel Market by Type of Traveler (Absolute Luxury, Aspiring Luxury, and Accessible Luxury), Age Group (Millennial, Generation X, Baby Boomers, and Silver Hair), and Type of Tour (Customized & Private Vacations, Adventure & Safari, Cruise/Ship Expedition, Small Group Journey, Celebration & Special Events, and Culinary Travel...

  • Luxury Tourism
  • World
  • APAC
  • Europe
  • Disposable Income

Key Trends in Luxury Travel, 2020 Update - Key Market Trends, Opportunities, and Challenges in the Luxury Market Summary This report provides analysis of traveller types and key market trends which are contributing to a key segment within tourism currently - luxury travel. Major and upcoming...

  • Luxury Tourism
  • Caribbean
  • Singapore
  • Sri Lanka
  • Tourism Expenditure
  • RevPAR

Key Trends in Luxury Travel: Key market trends, opportunities, and challenges in the luxury market Summary This report provides analysis of traveller types and key market trends which are contributing to a key segment within tourism currently - luxury travel.Major and upcoming destinations are...

  • Hotel
  • Luxury Tourism
  • Luxury Goods
  • Thailand
  • Maldives
  • Mauritius
  • Seychelles
  • Indian Ocean
  • High Net Worth Individuals Number
  • Tourism Expenditure

This report explores the changes taking place in the luxury hotel and travel market, which saw another year of strong growth. Thanks to a combination of wealth expansion and changing consumer habits, the industry has seen greater opportunities across a wide range of geographies across the globe. Stronger demand for luxury experiences, digital...

  • Luxury Hotel
  • Luxury Tourism
  • World
  • China
  • APAC
  • Tourist Arrivals
  • Disposable Income

Tapping into the Luxury Travel Market: Analysis of luxury tourist profiles and trends, market performance, and key opportunities Summary GlobalData’s "Tapping into the Luxury Travel Market", report provides an in depth analysis on the key industry and consumer trends in luxury tourism for 2018....

  • Luxury Tourism
  • World
  • High Net Worth Individuals Number
  • Hotel Number

Luxury travel is democratising. Contemporary luxury hotels are less about price, and not just about fluffy towels, stuffy grand lounges and stiff waiters. There is a rise of more affordable luxury, with intangible experiences including time, space, authenticity, community, individuality and mindfulness increasingly understood as luxury. This...

  • Travel
  • Luxury Tourism
  • Hotel Chain
  • World
  • Mobile Internet Subscribers
  • Rural Population

This report presents quick facts about Crown Resorts Ltd., which is principally involved in Luxury Tourism and Entertainment Business. Illustrated with 103 tables, the report showcases the company's recent news stories and events, sales performance, key markets and market position as against its competitors operating in the industry.

  • Luxury Tourism
  • Australia

Synopsis Luxury tourism has become a fast-growing industry, as an increasing number of UHNWIs are spending wealth on vacations. In the US alone, the wealthiest 5% spend US$3,115 per person per vacation, totalling more than US$390 billion a year, according to the 2016 US Luxury Travel Report by international travel and tourism consultancy...

  • Luxury Tourism
  • APAC
  • Europe
  • High Net Worth Individuals Number
  • Divorce Rate

Luxury travel goods registered a 7% increase in current value sales in 2014, marginally slower than in 2013. According to Euromonitor International Travel and Tourism research data, tourism inbound and outbound flows recorded slower growth towards the end of the review period. This development directly affected sales of luxury travel goods,...

  • Luxury Goods
  • Luxury Tourism
  • Singapore
  • Luxury Goods Revenue
  • Disposable Income

Luxury travel goods recorded continuous current value growth over the review period, even during the years of the economic crisis. This was mostly due to the novelty of such products for Romanian consumers. Sales of luxury travel goods grew by 7% in current terms in 2014 and reached RON7 million, partly supported by economic growth. Nevertheless,...

  • Luxury Goods
  • Luxury Tourism
  • Romania
  • Luxury Goods Revenue
  • High Net Worth Individuals Number

During the review period, luxury travel goods faced more intensive competition from the luxury brands, which primarily are oriented towards other luxury categories, such as clothing and personal accessories. The complex luxury offerings are becoming more and more popular. The ultimate luxury brands, such as Louis Vuitton or Gucci, started...

  • Luxury Goods
  • Luxury Tourism
  • United Arab Emirates
  • Middle East
  • Luxury Goods Revenue
  • Disposable Income

Consumers showed dynamic change in their shopping habits and preferences in luxury travel goods over the review period. Growing numbers of middle-class consumers aspired to the possession of luxury items and, at the same time, sought niche and exclusive designs with traces of personalisation. Such preference is growing prominent in luxury...

  • Luxury Goods
  • Luxury Tourism
  • China
  • Luxury Goods Revenue
  • Luxury Goods Consumption

The key event in luxury travel goods in 2014 was visa restrictions from the side of a number of EU countries, the US and Canada against various Russian wealthy individuals, supporting Russian policy in respect to the Crimea takeover. Additionally to the Ukrainian crisis, the overall economic development slowdown impacted tourist flows decline...

  • Luxury Goods
  • Luxury Tourism
  • Russia
  • Luxury Goods Revenue
  • High Net Worth Individuals Number

In 2014 luxury travel fell by 18% in current value terms, amounting to UAH29 million. The main reason was the severe economic and political situation in Ukraine, which triggered the devaluation of the local currency. A rapid increase in the exchange rate of the US dollar against the Ukrainian hryvnia was absolutely apparent in early 2014,...

  • Luxury Goods
  • Luxury Tourism
  • Ukraine
  • Luxury Goods Revenue
  • Luxury Goods Consumption

Consumers of luxury goods in South Africa continue to align their product preferences with global trends in terms of luxury travel goods. Whilst the trends influence volume growth, many consumers continue to demand higher quality and durability among the qualifying factors in their product choice. One way to assure consumers of uncompromised...

  • Luxury Goods
  • Luxury Tourism
  • South Africa
  • World
  • Luxury Goods Revenue
  • Luxury Goods Consumption

Increasingly a larger number of Indians are travelling abroad from India. This trend has picked up further with the new government signing up to a “visa on arrival” option with a number of countries, with over 50 countries now offering “visa on arrival” to Indians. Some of the prominent countries that are offering “visa on arrival” to Indians...

  • Luxury Goods
  • Luxury Tourism
  • India
  • Luxury Goods Revenue
  • Disposable Income

For the bulk of the review period, manufacturers in the mainstream luggage market focused on offering discounts in hopes of attracting consumers burdened by the recession and to spur value growth through volume growth. In 2013, manufacturers removed discounts in response to economic recovery and growing demand for outbound travel, raising...

  • Luxury Goods
  • Luxury Tourism
  • United States
  • Luxury Goods Revenue
  • Disposable Income

Travel is becoming a more popular leisure activity in China. Outbound departures grew by 14% in terms of number of trips in 2014. Shopping trips to countries like South Korea, Singapore and the US led growth in 2014. Sales of luxury travel goods have benefited from the growing number of trips, especially shopping trips, as more luggage space...

  • Luxury Goods
  • Luxury Tourism
  • China
  • Luxury Goods Revenue
  • Luxury Goods Consumption

Retail value sales of luxury travel goods are set to increase for the fifth year in a row in Germany in 2014. According to industry experts, the category with an overall rather limited size thereby was mainly able to benefit from the positive circumstances regarding luxury goods in general: In line with the comparatively good economic development...

  • Luxury Tourism
  • Germany
  • High Net Worth Individuals Number

2014 saw current value growth of 12% for luxury travel goods, with this being markedly slower than the review period CAGR of 19%. Stronger growth earlier in the review period was due to the introduction of several new imported brands such as Prada and Tumi. Growth in 2014 was meanwhile driven by widening distribution for many imported brands,...

  • Luxury Goods
  • Luxury Tourism
  • World
  • Luxury Goods Revenue
  • High Net Worth Individuals Number