According to the study carried out by Acumen Research & Consulting, the Luxury Travel market is projected to grow at noteworthy growing CAGR over the forecast period 2020 to 2027. In fact, this report describes the global market share of the leading Luxury Travel companies (revenue).
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This report also covers market opportunities and strategies, risk analysis, performance and decision making and industry assessment in the Global Luxury Travel Market report. This report focuses on the market size, trends and projections from 2020-2027. The report includes facts and statistics on improvements in the business environment, technology advances, dynamics and innovations in economies, capabilities and knowledge on major players in the global Luxury Travel market. The report contains information on the latest acquisitions and the study also covers the growth of the demand for Luxury Travel in major regions globally.
Who are the Major Players in Luxury Travel Market?
Some of the major players in this market are Thomas Cook Group PLC, Micato Safaris, Abercrombie & Kent USA, Butterfield & Robinson Inc, Cox & Kings Ltd, Ker & Downey, Kensington Tours, Travcoa, Scott Dunn Ltd and Tauck. There are also some other companies playing a key role in the value chain of luxury travel market, viz., Black Tomato, TUI Group, Lindblad Expeditions LLC, Exodus Travels, Zicasso, Inc. and Backroads.
Market by Age Groups
· Millennial (Age Group 21-30)
· Generation X (Age Group 31-40)
· Baby boomers (Age Group 41-60)
· Silver hair (Above 60)
Market by Tour Type
· Business tours
· Private vacations
· Culinary tour
· Special events
· Small/group tours
· Cruise/ship expeditions
· Adventure and safari or customized tour
Market by Type Of Travellers
· Absolute luxury
· Accessible luxury
· Aspiring luxury
Based on geography, market is divided into North America, Latin America, Europe, Asia-Pacific and Middle East & Africa.
The market report on the Luxury Travel also provides figures on demand and supply, revenues and future strategies, technological trends and growth rates. The Global Luxury Travel Market report also provides 2016-2019 historical period and forecast period from 2020-2027 data together with market SWOT analysis data. The report also includes information by application, region and manufacturer or producer.
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The epidemic has spread to almost 200 countries worldwide since the COVID-19 virus outbreak in December 2019, announcing it to have been a public health emergency by the World Health Organisation. The global implications of the 2019 coronavirus disease (COVID-19), which will impact the Luxury Travel industry by 2020, are also being observed. The outbreak of COVID-19 affected a number of aspects, such as flight cancellation; travel prohibitions and quarantine; restaurants closed; indoor events restricted; state of emergency declared for over forty countries, massive slowing of supply chain, stock market volatility, reduced business confidence, increased public panic and future uncertainty.
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