Germany Luxury Travel Market Size & Outlook, 2023-2030
Germany luxury travel market, 2017-2030 (US$M)
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Germany luxury travel market highlights
- The Germany luxury travel market generated a revenue of USD 116,576.5 million in 2023 and is expected to reach USD 178,137.4 million by 2030.
- The Germany market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, safari & adventure was the largest revenue generating tour in 2023.
- Luxury Trains 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 116,576.5 million |
| Market revenue in 2030 | USD 178,137.4 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Safari & adventure |
| Fastest growing segment | Luxury Trains |
| 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, Germany accounted for 8.7% 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 Europe, Germany luxury travel market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 160,908.2 million by 2030.
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Luxury Travel Market Scope
Luxury Travel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany 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 33.02% in 2023. Horizon Databook has segmented the Germany 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.
Tours and travel expenditure play a very important role in Germany’s National Economy. The top cultural travel destination in Europe is Germany. Although the number of international tourist trips to Germany significantly declined in 2021 because of the massive spread of the COVID-19 virus across the globe and related quarantine measures.
Despite the slowdown in tourist influx, during the pandemic, Germany remains a popular destination among tourists. The two main components that make up Germany's brand as a vacation destination are culture and nature.
These places are also the focus areas of the country’s theme-based marketing. Nearly all of the ten largest German cities, which form the marketing alliance “Magic Cities”, noted above average growth rates in 2015.
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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 Germany luxury travel market , including forecasts for subscribers. This country databook contains high-level insights into Germany luxury travel market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Germany luxury travel market size, by tour, 2017-2030 (US$M)
Germany Luxury Travel Market Outlook Share, 2023 & 2030 (US$M)
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