Technavio's latest market research report estimates that the luxury travel market is set to grow by $ 1,232.77 bn during 2021-2025, and the growth momentum will decelerate at a CAGR of 25.70%. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by way of synthesis and summation of data from multiple sources. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
Growing demand for multigenerational and micro trips
Higher acceptance of online travel agencies
Factors such as increasing disposable incomes and advances in technology will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments. The luxury travel market is fragmented, and the degree of fragmentation will decelerate during the forecast period.
Luxury Travel Market 2021-2025: Vendor Analysis and Scope
To help businesses improve their market position, Technavio's report provides a detailed analysis of vendors operating in the market. Some of the major vendors of the luxury travel market include Abercrombie & Kent USA LLC, Absolute Travel Inc., Butterfield & Robinson Inc., Classic Journeys, Cox & Kings Ltd., Indigenous Tourism BC, Odyssey World, Responsible Travel, Scott Dunn, and Travelopia.
The report also covers the following areas:
Luxury Travel Market size
Luxury Travel Market trends
Luxury Travel Market industry analysis
The luxury travel market is fragmented, and the degree of fragmentation will decelerate. The increasing disposable incomes will offer immense growth opportunities. However, the inconsistent service quality will hamper the market growth.
Fetch Actionable Insights on over 17,000+ market research reports covering over 800 technologies through Technavio's repository.
Backed with competitive intelligence and benchmarking, our research report on the luxury travel market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.