Brazil Luxury Travel Market Size & Outlook, 2023-2030
Brazil luxury travel market, 2017-2030 (US$M)
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Brazil luxury travel market highlights
- The Brazil luxury travel market generated a revenue of USD 16,399.1 million in 2023 and is expected to reach USD 27,551.0 million by 2030.
- The Brazil market is expected to grow at a CAGR of 7.7% 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.
Luxury travel market data book summary
| Market revenue in 2023 | USD 16,399.1 million |
| Market revenue in 2030 | USD 27,551.0 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Safari & adventure |
| Fastest growing segment | Culinary Travel & Shopping |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Brazil accounted for 1.2% of the global luxury travel market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Mexico luxury travel market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 26,488.8 million by 2030.
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Luxury Travel Market Scope
Luxury Travel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil 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 34.19% in 2023. Horizon Databook has segmented the Brazil 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.
Brazil is an immensely popular holiday destination with tourist favorites like Sao Paulo, Rio Grande, and Alagoas. Furthermore, the growing number of middle-income families and the increasing spending power of young citizens have spurred luxury travel/tourism among consumers.
Increased consumption, innovation, and entertainment nourish the cultural industry in Brazil. As per the government of Brazil, the tourism sector accounts for around 3.7% of the country’s GDP and 3% of total employment.
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Our clientele includes a mix of luxury travel market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil luxury travel market , including forecasts for subscribers. This country databook contains high-level insights into Brazil luxury travel market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil luxury travel market size, by tour, 2017-2030 (US$M)
Brazil Luxury Travel Market Outlook Share, 2023 & 2030 (US$M)
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