Global Luxury Travel Market Size & Outlook, 2023-2030
Global luxury travel market, 2017-2030 (US$M)
Related Markets
Global luxury travel market highlights
- The global luxury travel market generated a revenue of USD 1,339,737.1 million in 2023 and is expected to reach USD 2,268,239.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.8% by 2030.
- In terms of segment, safari & adventure accounted for a revenue of USD 456,217.4 million in 2023.
- Culinary Travel & Shopping is the most lucrative tour segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 1,339,737.1 million |
| Market revenue in 2030 | USD 2,268,239.8 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Safari & adventure |
| Fastest growing segment | Culinary Travel & Shopping |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Customized & Private Vacations, Safari & Adventure, Cruises, yachting and small ship expeditions, Celebration Journeys, Culinary Travel & Shopping, Luxury Trains |
Other key industry trends
- In terms of revenue, the North America accounted for 30.9% of the global luxury travel market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 178,137.4 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Luxury Travel Market Scope
Luxury Travel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global luxury travel market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to luxury travel market will help companies and investors design strategic landscapes.
Safari & adventure was the largest segment with a revenue share of 34.05% in 2023. Horizon Databook has segmented the Global luxury travel market based on customized & private vacations, safari & adventure, cruises, yachting and small ship expeditions, celebration journeys, culinary travel & shopping, luxury trains covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Luxury Travel Tour Outlook (Revenue, USD Million, 2017-2030)
- Customized & Private Vacations
- Safari & Adventure
- Cruises, yachting and small ship expeditions
- Celebration Journeys
- Culinary Travel & Shopping
- Luxury Trains
- Others
- Global Luxury Travel Age-group Outlook (Revenue, USD Million, 2017-2030)
- 21-30 Years
- 31-40 Years
- 41-60 Years
- 60 and Above
Reasons to subscribe to Global luxury travel market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global luxury travel market databook
-
Our clientele includes a mix of luxury travel market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global luxury travel market , including forecasts for subscribers. This global databook contains high-level insights into Global luxury travel market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global luxury travel market size, by regions, 2017-2030 (US$M)
Top 10 countries: Luxury travel market size, 2023 (US$M)
Global luxury travel market share, by tour, 2023 & 2030 (%, US$M)
Luxury travel market: Opportunity assessment by country
Global luxury travel market, by region, 2023 (US$M)
| Tour | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 424,598.1 | 442,516.6 | 465,570.8 | 338,838.3 | 361,910.8 | 387,061.0 | 414,539.4 | 444,631.5 | 477,663.6 | 513,961.5 | 553,788.4 | 597,531.9 | 645,686.3 | 698,818.8 | 7.8% |
| Europe | 502,859.9 | 521,243.0 | 545,411.1 | 394,769.7 | 419,325.8 | 445,977.8 | 474,972.5 | 506,590.1 | 541,149.4 | 578,960.2 | 620,253.8 | 665,393.0 | 714,849.0 | 769,159.9 | 7.1% |
| Asia Pacific | 265,329.9 | 279,603.3 | 297,408.4 | 218,809.4 | 236,229.1 | 255,342.2 | 276,359.6 | 299,522.6 | 325,108.4 | 353,403.0 | 384,657.9 | 419,219.6 | 457,521.2 | 500,061.5 | 8.8% |
| Latin America | 79,528.6 | 82,976.3 | 87,395.5 | 63,675.8 | 68,086.7 | 72,898.4 | 78,159.6 | 83,925.6 | 90,259.8 | 97,225.4 | 104,874.5 | 113,282.8 | 122,546.5 | 132,776.1 | 7.9% |
| MEA | 94,871.3 | 99,422.5 | 105,178.7 | 76,967.9 | 82,657.5 | 88,881.7 | 95,706.1 | 103,205.7 | 111,466.4 | 120,575.8 | 130,608.1 | 141,668.4 | 153,889.4 | 167,423.5 | 8.3% |
| Overall | 1,367,187.8 | 1,425,761.7 | 1,500,964.6 | 1,093,061.1 | 1,168,209.9 | 1,250,161.2 | 1,339,737.1 | 1,437,875.4 | 1,545,647.7 | 1,664,125.8 | 1,794,182.6 | 1,937,095.6 | 2,094,492.4 | 2,268,239.8 | 7.8% |
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
