Global Luxury Travel Strategic Business Report 2023: Changing Nature of Luxury Travel Influences Trends

Dublin, Feb. 21, 2023 (GLOBE NEWSWIRE) -- The "Luxury Travel: Global Strategic Business Report" report has been added to's offering.

The global market for Luxury Travel estimated at US$1.1 Trillion in the year 2022, is projected to reach a revised size of US$2.3 Trillion by 2030, growing at a CAGR of 9% over the analysis period 2022-2030.

Adventure & Safari, one of the segments analyzed in the report, is projected to record a 9.7% CAGR and reach US$1 Trillion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Culinary Travel & Shopping segment is readjusted to a revised 10.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $308.5 Billion, While China is Forecast to Grow at 12.8% CAGR

The Luxury Travel market in the U.S. is estimated at US$308.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$499.4 Billion by the year 2030 trailing a CAGR of 12.8% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.5% and 7.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$326.3 Billion by the year 2030.

Select Competitors (Total 63 Featured) -

  • Abercrombie & Kent USA, LLC
  • Butterfield & Robinson
  • Cox & Kings Ltd.
  • Kensington Tours Ltd.
  • Ker and Downey
  • Micato Safaris
  • Tauck, Inc.
  • Thomas Cook Ltd.
  • Travcoa
  • TUI AG

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Report Metrics:

Report AttributeDetails
No. of Pages284
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$1.1 Trillion
Forecasted Market Value (USD) by 2030$2.3 Trillion
Compound Annual Growth Rate9.7%
Regions CoveredGlobal

Key Topics Covered:




  • Influencer Market Insights
  • World Market Trajectories
  • Luxury Travel - Global Key Competitors Percentage Market Share in 2022 (E)
  • Impact of COVID-19 Pandemic and a Looming Global Recession
  • Luxury Travel: An Introduction
  • Global Market Prospects & Outlook
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)



  • Luxury Travel: An Important Indicator of Economic Development
  • Changing Nature of Luxury Travel Influences Trends
  • Notable Trends in the Luxury Travel Market
  • Sustainable Travel: An Important Luxury Travel Trend in the Post Pandemic Period
  • Business Travel Trends to Influence Demand Dynamics of Luxury Travel Market
  • Consumer Inclination towards Unique and Exotic Holiday Experiences Bodes Well for the Market
  • Rise in Affluent and Elite Population & Millionaires in Developing Economies to Drive Long-term Growth
  • Micro Trips: Potential Opportunities for Luxury Travel
  • Luxury Sports Tourism: The Latest Travel Trend
  • Personalization of Travel Experiences: An Important Aspect Drawing Luxury Travelers
  • Growing Role of Digital Technologies in Luxury Travel
  • Amidst COVID-19 Pandemic, International Luxury Travel Moves Online
  • Luxury Cruise & Yachting Market: Significant Impact of COVID-19 Pandemic
  • Adventure & Safaris: A Key Segment
  • Culinary Travels: Providing Unique Food & Drink Experiences to Elite Travelers
  • Luxury Travel Marketing Moves Focuses on Customization
  • Social Media Emerges as a Significant Influencer in Luxury Travel
  • Key Challenges Facing Luxury Travel Market




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Global Market for Luxury Travel

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