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Global Luxury Travel Market Research Report and Forecast

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Copyright © IMARC Service Pvt Ltd. All Rights Reserved

Global Luxury Travel

Market Research Report and Forecast 2021-2026

Author: Elena Anderson, Marketing Manager |

IMARC Group

© 2019 IMARC All Rights Reserved

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Report Description About IMARC Group

The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

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Report Description Report Description and Highlights

Global Luxury Travel Market Outlook 2026:

As per the latest report by IMARC Group, titled “Luxury Travel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global luxury travel market size reached US$

1,604.70 Billion in 2020.

Luxury travel involves an elevated travel experience with minimum hassle and maximum amenities and comfort. Several companies offer luxury travel services to deliver exclusive, personalized and premium facilities to individuals to enhance the overall experience during their stay.

These services comprise exotic destinations, reliable transport, plush beds, in-room dining, gourmet meals, and complimentary Wi-Fi. Nowadays, leading players are also providing authentic holiday packages with unusual activities, off-the-beaten-track destinations, and 24x7 services to attract more luxury travelers.

Request for a free sample: https://www.imarcgroup.com/luxury-travel-market/requestsample

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Report Description Report Description and Highlights

Global Luxury Travel Market Trends:

The rising consumer expenditure capacities and increasing willingness to spend on leisure activities and exotic holiday destinations represent the primary factors driving the global market. Moreover, consumers are increasingly shifting toward unique trips with cruising, adventure sports, and cultural visits, which is creating a positive market outlook.

Additionally, the growing awareness regarding eco-friendly travel solutions, coupled with the rising trend of modern campsites or innovative glamping accommodations, is catalyzing the demand for luxury travel. Besides this, several travel companies are rapidly adopting advanced technologies, such as artificial intelligence (AI), allowing travelers to book trips online, compare reservation options and get better access to travel data while saving time and effort.

They are also taking various measures to prevent the spread of coronavirus disease (COVID-19), thereby propelling the market growth. Furthermore, the concept of Bleisure travel that combines

business with pleasure elements, such as recreational activities, to improve work efficiency and relieve stress is gaining popularity among enterprises.

This, in confluence with rapid globalization, improving transport facilities, and the increasing number of multinational companies (MNCs), is augmenting the demand for luxury business travel.

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Market Summary:

Breakup by Type of Tour:

• Customized and Private Vacation

• Adventure and Safari

• Cruise and Ship Expedition

• Small Group Journey

• Celebration and Special Event

• Culinary Travel and Shopping Breakup by Age Group:

• Millennial (21-30)

• Generation X (31-40)

• Baby Boomers (41-60)

• Silver Hair (60 and above) Breakup by Type of Traveller:

• Absolute Luxury

• Aspiring Luxury

• Accessible Luxury

Report Description Report Description and Highlights

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Breakup by Region:

• North America

• Asia Pacific

• Europe

• Middle East and Africa

• Latin America

On account of these factors, IMARC Group expects the market to grow at a CAGR of around 9.1% during 2021-2026.

Report Description Report Description and Highlights

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Competitive Landscape With Key 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 (Fairbridge Capital (Mauritius) Limited)

• TUI Group

View Report TOC, Figures and Tables: https://www.imarcgroup.com/luxury-travel-market

Report Description Report Description and Highlights

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A partial List of our Clients

We are the trusted business partners to the world's leading corporates, governments, and institutions

Partial List of Clients

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A partial List of our Clients

We are the trusted business partners to the world's leading corporates, governments, and institutions

Partial List of Clients

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Report Description Report Description and Highlights

© 2019 IMARC All Rights Reserved

This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC).

Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing.

International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication.

IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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