Asia Pacific Luxury Travel Market Size & Outlook
Asia Pacific luxury travel market, 2017-2030 (US$M)
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Asia Pacific luxury travel market highlights
- The Asia Pacific luxury travel market generated a revenue of USD 276,359.6 million in 2023.
- The market is expected to grow at a CAGR of 8.8% from 2024 to 2030.
- In terms of segment, safari & adventure was the largest revenue generating tour in 2023.
- Culinary Travel & Shopping is the most lucrative tour segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 276,359.6 million |
| Market revenue in 2030 | USD 500,061.5 million |
| Growth rate | 8.8% (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 |
| Key market players worldwide | TUI AG, Butterfield & Robinson, Lindblad Expeditions Holdings Inc, Exodus Travels, Scott Dunn, Abercrombie & Kent, GeoEx (Geographic Expeditions), Micato Safaris |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 20.6% of the global luxury travel market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 500,061.5 million by 2030.
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Luxury Travel Market Scope
Luxury Travel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific 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 32.81% in 2023. Horizon Databook has segmented the Asia Pacific 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.
Tourism is one of the most important sectors contributing to the region's GDP growth, accounting for 10% of the region’s overall GDP on an average. Increased economic growth, disposable money and free time, political stability, and active tourism promotions, among other things, have all contributed to the rapid expansion of tourism.
An increasingly interconnected world, as well as the relaxation of travel restrictions through services such as Visa on Arrival, has increased tourist traffic in Asia Pacific. According to a recent VISA analysis, more than 109 million Asian Pacific households would take at least one foreign travel every year by 2025, a 65% increase from 2015.
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Target buyers of Asia Pacific 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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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 continent-level data and insights on the Asia Pacific luxury travel market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific luxury travel market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific luxury travel market size, by country, 2017-2030 (US$M)
Asia Pacific Luxury Travel Market Outlook Share, 2023 & 2030 (US$M)
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