Global Luxury Travel Market and Luxury Safari Tourism Market 2019: Demand, Trend, Service, Growth, Types, Applications, Key Players, Developments & Growth 2024

Global Luxury Travel Market and Global Luxury Safari Tourism Market 2019 by Company, Regions, Type and Application, Forecast to 2024enhances the decision making capabilities and helps to create an effective counter strategies to gain competitive advantage.

Dallas, United States - May 16, 2019 /MarketersMedia/ —

Global Luxury Travel Market 2019-2024
Luxury travel today is defined less by thread count and Michelin stars and more by access to the people, places and experiences that represent all that is authentic about a destination. There’s no denying that comfort factors still apply and high standards of accommodation and dining will always feature on the luxury traveller’s wish list. However, today’s luxury traveller seeks more depth of understanding and immersion into local culture than ever before. People don’t just want to see – they want to participate. The sales process is also critical and whilst the online proposition can be an asset in terms of booking more simple arrangements, clients looking for luxury experiential travel require a deep level of sophisticated knowledge and confidence during the sales process.

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Growing inclination of people towards unique and exotic holiday experiences, rise in middle and upper middle class spending and the increasing impact of social media on travel industry are the key factors that drive the market growth. Emerging new destinations coupled with rising service standards in the travel industry, is anticipated to further drive the demand for luxury travel, globally.
The Small Group Journey segment accounted for about 44% of the overall luxury travel market revenue, by tour type in 2015, as this is identified as the most popular vacation option among young and middle age group travelers. In addition, Customized and Private Vacation aimed at culinary and shopping, would witness the fastest growth, registering a CAGR of 9.1% during the forecast period. An increasing number of luxury travelers are indulging in these tours as they enable these travelers to experience the finest local delicacies and also buy some of the most exquisite handicrafts. These trips are getting popular among travelers of all age groups, especially the millennials (21 - 30 years). In 2015, approximately 45% of millennials took a trip based on culinary interest.

The global Luxury Travel market is valued at 5200 million USD in 2018 and is expected to reach 8460 million USD by the end of 2024, growing at a CAGR of 8.5% between 2019 and 2024.

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This report covers Analysis of Global Luxury Travel Market Segment by Manufacturers
TUI Group
Thomas Cook Group
Jet2 Holidays
Cox & Kings Ltd
Lindblad Expeditions
Travcoa
Scott Dunn
Abercrombie & Kent Ltd
Micato Safaris
Tauck
Al Tayyar
Backroads
Zicasso
Exodus Travels
Butterfield & Robinson

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Global Luxury Travel Market Segment by Type
Customized and Private Vacation
Adventure and Safari
Cruise/Ship Expedition
Small Group Journey
Celebration and Special Event
Others

Global Luxury Travel Market Segment by Applications, can be divided into
Millennial
Generation X
Baby Boomers

Global Luxury Safari Tourism Market 2019-2024
For this report, we undertook primary and secondary research in association with Tourism Economics, Amadeus Travel Intelligence, Connections Events, The Telegraph and various industry experts. Approaches include: analysing tourism Economics estimations of the number of outbound luxury trips from each region between 2014 and the present (using an arrival definition), and projected growth patterns until 2025. To compare the growth in overall travel with the growth in luxury travel, luxury traveller were defined as those with an annual household income of more than $350,000, and bookings arrivals order costs more than $3000 per person made by these traveller were deemed as luxury trips. Luxury travel today is defined less by thread count and Michelin stars and more by access to the people, places and experiences that represent all that is authentic about a destination. There’s no denying that comfort factors still apply and high standards of accommodation and dining will always feature on the luxury traveller’s wish list. However, today’s luxury traveller seeks more depth of understanding and immersion into local culture than ever before. People don’t just want to see – they want to participate.

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The Adventure Travel segment accounted for about 71.12% of the overall Luxury Safari Tourism market revenue, by tour type in 2018, as this is identified as the most popular vacation option among young and middle age group travelers. In addition, Personalized Vacations aimed at Safari, would witness the fastest growth, registering a CAGR of 8.6% during the forecast period. An increasing number of Luxury Safari Tourismers are indulging in these tours as they enable these travelers to experience the finest local delicacies and also buy some of the most exquisite handicrafts. These trips are getting popular among travelers of all age groups, especially the millennials (21 - 30 years).
Millennial segment is projected to hold the highest market share in the overall Luxury Safari Tourism market, by age group, as they have been identified as the highest travel spenders. However, it has been identified that only 5-10% marketing is targeted at this traveler segment. Luxury Safari Tourism market has a huge growth potential and would see immense demand from the emerging markets. Exposure to social media, growing disposable income and easy visa availability are some of the factors which are propelling the growth of the market.
The global Luxury Safari Tourism market is valued at 1184.6 million USD in 2018 and is expected to reach 1713.1 million USD by the end of 2024, growing at a CAGR of 7.7% between 2019 and 2024.

This report covers Analysis of Global Luxury Safari Tourism Market Segment by Manufacturers
Wilderness
TUI Group
&Beyond
Thomas Cook Group
Abercrombie & Kent Ltd
Micato Safaris
Singita
Cox & Kings Ltd
Great Plains
Gamewatchers Safaris
Scott Dunn
Backroads
Rothschild Safaris
Butterfield & Robinson
Travcoa
Zicasso

Global Luxury Safari Tourism Market Segment by Type
Adventure Travel
Personalized Vacations
Others

Make an enquiry before buying this report @ https://www.orbisresearch.com/contacts/enquiry-before-buying/3177736

Global Luxury Safari Tourism Market Segment by Applications, can be divided into
Millennial
Generation X
Baby Boomers
Others

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