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.
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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
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Target buyers of Global luxury travel market databook
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Our clientele includes a mix of luxury travel market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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)
Related regional statistics
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