Global Luxury Travel Market 2024-2028

The luxury travel market is forecasted to grow by USD 578.72 bn during 2023-2028, accelerating at a CAGR of 7.31% during the forecast period. The report on the luxury travel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing disposable incomes, advances in technology, and growing digital connectivity.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	6.86%
CAGR	7.31%
Incremental Value	$578.72bn

Technavio's luxury travel market is segmented as below:

By Type

Adventure
Personalized
Cruising and yachting
Culinary
Others

By Consumer

Domestic
International

By Geographical Landscape

Europe
North America
APAC
Middle East and Africa
South America

This study identifies the trending sports tourism as one of the prime reasons driving the luxury travel market growth during the next few years. Also, growing demand for multigenerational and micro trips and higher acceptance of online travel agencies will lead to sizable demand in the market.

The report on the luxury travel market covers the following areas:

Luxury travel market sizing
Luxury travel market forecast
Luxury travel market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading luxury travel market vendors include Absolute Travel and Tours Ltd., Butterfield and Robinson Inc., Classic Journeys LLC, Exodus Travels Ltd., G Adventures, Geographic Expeditions Inc., Heritage Group, Indigenous Tourism BC, Intrepid Group Pty Ltd., Lindblad Expeditions Holdings Inc., Micato Safaris Inc., Myths and Mountains Inc., Odyssey World, Responsible Travel, Scott Dunn Ltd., Tandem Travel OOD, Tauck Inc., Travelopia Group, TUI AG, and Wilderness Travel. Also, the luxury travel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR44241

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
Exhibit 06: Executive Summary - Chart on Market Segmentation by Consumer
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global luxury travel market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global luxury travel market 2018 - 2022 ($ billion)
4.2 Type Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
4.3 Consumer Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Consumer Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
Exhibit 30: Chart on Type - Market share 2023-2028 (%)
Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
Exhibit 32: Chart on Comparison by Type
Exhibit 33: Data Table on Comparison by Type
6.3 Adventure - Market size and forecast 2023-2028
Exhibit 34: Chart on Adventure - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Adventure - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Adventure - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Adventure - Year-over-year growth 2023-2028 (%)
6.4 Personalized - Market size and forecast 2023-2028
Exhibit 38: Chart on Personalized - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Personalized - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Personalized - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Personalized - Year-over-year growth 2023-2028 (%)
6.5 Cruising and yachting - Market size and forecast 2023-2028
Exhibit 42: Chart on Cruising and yachting - Market size and forecast 2023-2028 ($ billion)
Exhibit 43: Data Table on Cruising and yachting - Market size and forecast 2023-2028 ($ billion)
Exhibit 44: Chart on Cruising and yachting - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Cruising and yachting - Year-over-year growth 2023-2028 (%)
6.6 Culinary - Market size and forecast 2023-2028
Exhibit 46: Chart on Culinary - Market size and forecast 2023-2028 ($ billion)
Exhibit 47: Data Table on Culinary - Market size and forecast 2023-2028 ($ billion)
Exhibit 48: Chart on Culinary - Year-over-year growth 2023-2028 (%)
Exhibit 49: Data Table on Culinary - Year-over-year growth 2023-2028 (%)
6.7 Others - Market size and forecast 2023-2028
Exhibit 50: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 51: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 52: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 53: Data Table on Others - Year-over-year growth 2023-2028 (%)
6.8 Market opportunity by Type
Exhibit 54: Market opportunity by Type ($ billion)
Exhibit 55: Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by Consumer

7.1 Market segments
Exhibit 56: Chart on Consumer - Market share 2023-2028 (%)
Exhibit 57: Data Table on Consumer - Market share 2023-2028 (%)
7.2 Comparison by Consumer
Exhibit 58: Chart on Comparison by Consumer
Exhibit 59: Data Table on Comparison by Consumer
7.3 Domestic - Market size and forecast 2023-2028
Exhibit 60: Chart on Domestic - Market size and forecast 2023-2028 ($ billion)
Exhibit 61: Data Table on Domestic - Market size and forecast 2023-2028 ($ billion)
Exhibit 62: Chart on Domestic - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Domestic - Year-over-year growth 2023-2028 (%)
7.4 International - Market size and forecast 2023-2028
Exhibit 64: Chart on International - Market size and forecast 2023-2028 ($ billion)
Exhibit 65: Data Table on International - Market size and forecast 2023-2028 ($ billion)
Exhibit 66: Chart on International - Year-over-year growth 2023-2028 (%)
Exhibit 67: Data Table on International - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Consumer
Exhibit 68: Market opportunity by Consumer ($ billion)
Exhibit 69: Data Table on Market opportunity by Consumer ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 71: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 72: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 73: Chart on Geographic comparison
Exhibit 74: Data Table on Geographic comparison
9.3 Europe - Market size and forecast 2023-2028
Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.4 North America - Market size and forecast 2023-2028
Exhibit 79: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
Exhibit 83: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.7 South America - Market size and forecast 2023-2028
Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 Germany - Market size and forecast 2023-2028
Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.10 China - Market size and forecast 2023-2028
Exhibit 103: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on China - Year-over-year growth 2023-2028 (%)
9.11 France - Market size and forecast 2023-2028
Exhibit 107: Chart on France - Market size and forecast 2023-2028 ($ billion)
Exhibit 108: Data Table on France - Market size and forecast 2023-2028 ($ billion)
Exhibit 109: Chart on France - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on France - Year-over-year growth 2023-2028 (%)
9.12 UK - Market size and forecast 2023-2028
Exhibit 111: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 112: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 113: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 114: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 115: Market opportunity By Geographical Landscape ($ billion)
Exhibit 116: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 117: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 119: Overview on factors of disruption
11.4 Industry risks
Exhibit 120: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 121: Vendors covered
12.2 Market positioning of vendors
Exhibit 122: Matrix on vendor position and classification
12.3 Absolute Travel and Tours Ltd.
Exhibit 123: Absolute Travel and Tours Ltd. - Overview
Exhibit 124: Absolute Travel and Tours Ltd. - Product / Service
Exhibit 125: Absolute Travel and Tours Ltd. - Key offerings
12.4 Butterfield and Robinson Inc.
Exhibit 126: Butterfield and Robinson Inc. - Overview
Exhibit 127: Butterfield and Robinson Inc. - Product / Service
Exhibit 128: Butterfield and Robinson Inc. - Key offerings
12.5 Classic Journeys LLC
Exhibit 129: Classic Journeys LLC - Overview
Exhibit 130: Classic Journeys LLC - Product / Service
Exhibit 131: Classic Journeys LLC - Key offerings
12.6 Exodus Travels Ltd.
Exhibit 132: Exodus Travels Ltd. - Overview
Exhibit 133: Exodus Travels Ltd. - Product / Service
Exhibit 134: Exodus Travels Ltd. - Key offerings
12.7 G Adventures
Exhibit 135: G Adventures - Overview
Exhibit 136: G Adventures - Product / Service
Exhibit 137: G Adventures - Key offerings
12.8 Geographic Expeditions Inc.
Exhibit 138: Geographic Expeditions Inc. - Overview
Exhibit 139: Geographic Expeditions Inc. - Product / Service
Exhibit 140: Geographic Expeditions Inc. - Key offerings
12.9 Heritage Group
Exhibit 141: Heritage Group - Overview
Exhibit 142: Heritage Group - Product / Service
Exhibit 143: Heritage Group - Key offerings
12.10 Indigenous Tourism BC
Exhibit 144: Indigenous Tourism BC - Overview
Exhibit 145: Indigenous Tourism BC - Product / Service
Exhibit 146: Indigenous Tourism BC - Key offerings
12.11 Lindblad Expeditions Holdings Inc.
Exhibit 147: Lindblad Expeditions Holdings Inc. - Overview
Exhibit 148: Lindblad Expeditions Holdings Inc. - Business segments
Exhibit 149: Lindblad Expeditions Holdings Inc. - Key offerings
Exhibit 150: Lindblad Expeditions Holdings Inc. - Segment focus
12.12 Micato Safaris Inc.
Exhibit 151: Micato Safaris Inc. - Overview
Exhibit 152: Micato Safaris Inc. - Product / Service
Exhibit 153: Micato Safaris Inc. - Key offerings
12.13 Odyssey World
Exhibit 154: Odyssey World - Overview
Exhibit 155: Odyssey World - Product / Service
Exhibit 156: Odyssey World - Key offerings
12.14 Responsible Travel
Exhibit 157: Responsible Travel - Overview
Exhibit 158: Responsible Travel - Product / Service
Exhibit 159: Responsible Travel - Key offerings
12.15 Scott Dunn Ltd.
Exhibit 160: Scott Dunn Ltd. - Overview
Exhibit 161: Scott Dunn Ltd. - Product / Service
Exhibit 162: Scott Dunn Ltd. - Key offerings
12.16 Tandem Travel OOD
Exhibit 163: Tandem Travel OOD - Overview
Exhibit 164: Tandem Travel OOD - Product / Service
Exhibit 165: Tandem Travel OOD - Key offerings
12.17 Travelopia Group
Exhibit 166: Travelopia Group - Overview
Exhibit 167: Travelopia Group - Product / Service
Exhibit 168: Travelopia Group - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 169: Inclusions checklist
Exhibit 170: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 171: Currency conversion rates for US$
13.4 Research methodology
Exhibit 172: Research methodology
Exhibit 173: Validation techniques employed for market sizing
Exhibit 174: Information sources
13.5 List of abbreviations
Exhibit 175: List of abbreviations