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Global Luxury Travel Market 2017-2021

Global Luxury Travel Market 2017-2021

About Luxury Travel

Tourism refers to travel made by individuals to domestic or international destinations for a period not exceeding one year for business, leisure, and other purposes such as pilgrimage and wellness. In many countries, tourism accounts for the major sources of income and has a positive impact on the economy of both the source and host countries. The tourism industry has experienced an outstanding growth in the last six decades, especially in regions like Europe that had a large number of international travelers visiting for short breaks.

Technavio’s analysts forecast the global luxury travel market to grow at a CAGR of 6.83% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global luxury travel market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Luxury Travel Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Abercrombie & Kent USA
  • Absolute Travel
  • Inspiring Travel Company
  • TCS World Travel
  • TÜ ELITE
Other prominent vendors
  • Backroads
  • Butterfield & Robinson
  • Classic Journeys
  • G Adventures
  • Journeys Within Tour
  • Touring Treasures
  • Wilderness Travel
  • Zicasso
Market driver
  • Growing spending capability
  • For a full, detailed list, view our report
Market challenge
  • Threat of terrorism
  • For a full, detailed list, view our report
Market trend
  • Trending sports tourism
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Luxury Travel Market 2017-2021

Technavio recognizes the following companies as the key players in the global luxury travel market: Abercrombie & Kent USA, Absolute Travel, Inspiring Travel Company, TCS World Travel, and TÜ ELITE.

Other Prominent Vendors in the market are: Backroads, Butterfield & Robinson, Classic Journeys, G Adventures, Journeys Within Tour, Touring Treasures, Wilderness Travel, and Zicasso.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the 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.”

According to the 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.

Further, the report states that one challenge in the market is threat of terrorism. As a result of increased terrorism over the recent years, the tourism industry has experienced direct impact on its revenue. Terrorism aims to inspire terror among people, which leads to a change in their behaviors. In 2014, the Association of British Travel Agents found that a number of popular holiday destinations were affected by the social, political, and economic unrest. For instance, in 2013, Egypt started with a high number of visitors but suffered a significant drop-off due to political unrest. Terrorism impacts a large number of industries associated with tourism such as hotels, airlines, and restaurants.

Companies Mentioned

Abercrombie & Kent USA, Absolute Travel, Inspiring Travel Company, TCS World Travel, TÜ ELITE, Backroads, Butterfield & Robinson, Classic Journeys, G Adventures, Journeys Within Tour, Touring Treasures, Wilderness Travel, Zicasso

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Global tourism market 2016-2021 ($ trillions)
      • Table Global tourism market 2016-2021 (billions of individuals)
  • Market landscape
    • Market overview
      • Table Global luxury travel market: Overview
    • Global luxury travel market
      • Table Global luxury travel market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Global luxury travel market by type
      • Table Global luxury travel market by type 2016-2021 (% revenue share)
    • Global domestic luxury travel market
      • Table Global domestic luxury travel market 2016-2021 ($ billions)
    • Global international luxury travel market
      • Table Global international luxury travel market 2016-2021 ($ billions)
  • Market segmentation by category
    • Global luxury travel market by category
      • Table Global luxury travel market by category 2016-2021 (% revenue share)
      • Table CAGR comparison of global luxury travel market by category (%)
    • Global luxury travel market by adventure travel
      • Table Global luxury travel market by adventure travel 2016-2021 ($ billions)
    • Global luxury travel market by personalized vacation
      • Table Global luxury travel market by personalized vacation 2016-2021 ($ billions)
    • Global luxury travel market by cruising and yachting
      • Table Global luxury travel market by cruising and yachting 2016-2021 ($ billions)
    • Global luxury travel market by culinary travel
      • Table Global luxury travel market by culinary travel 2016-2021 ($ billions)
    • Global luxury travel market by others
      • Table Global luxury travel market by others 2016-2021 ($ billions)
  • Buying criteria
    • Table Buying criteria of luxury travel
  • Geographical segmentation
    • Global luxury travel market by geography
      • Table Global luxury travel market by geography 2016-2021 (% revenue share)
      • Table Revenue comparison of global luxury travel market by geography 2016-2021 ($billions)
      • Table CAGR comparison of global luxury travel market by geography 2016-2021 ($billions)
    • Luxury travel market in EMEA
      • Table Luxury travel market in EMEA 2016-2021 ($ billions)
    • Luxury travel market in Americas
      • Table Luxury travel market in Americas 2016-2021 ($ billions)
    • Luxury travel market in APAC
      • Table Luxury travel market in APAC 2016-2021 ($ billions)
  • Key leading countries
    • Global luxury travel market by leading countries
      • Table Key leading countries in global luxury travel market 2016 (% revenue share)
    • Luxury travel market in US
      • Table Luxury travel market in US 2016-2021 ($ billions)
    • Luxury travel market in Germany
      • Table Luxury travel market in Germany 2016-2021 ($ billions)
    • Luxury travel market in France
      • Table Luxury travel market in France 2016-2021 ($ billions)
    • Luxury travel market in China
      • Table Luxury travel market in China 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Table Global sports tourism market 2016-2021 ($ trillions)
  • Vendor landscape
    • Competitive scenario
    • Key leading vendors
    • Other prominent vendors
      • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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