The global luxury travel market was valued at US$ 201.07 Billion in 2017, according to Luxury Travel Market Report, by Category (Adventure & Safari, Cruise, Rail Journey, Culinary Travelling & Shopping, Customized & Private Vacations, and Celebration), by Age Group (Millennials, Generation X, Baby Boomers, and Silver Hair), by Type (Domestic and International), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) published by Coherent Market Insights.
The global luxury travel market is projected to reach US$ 353.16 Billion by 2026, exhibiting a CAGR of 6.7% during the forecast period. Increasing disposable income of middle class and upper class coupled with overall expenditure boosts growth of the luxury travel market. Furthermore, increasing preference of people towards spending quality time with family is driving growth of the market. Moreover, increasing preference of working class individuals toward luxury travel, owing to daily hectic routines is also expected to boost the market growth.
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Browse 35 market data tables* and 25 figures* on "Luxury Travel Market” - Global forecast to 2026.
Key Trends and Analysis of the Luxury Travel Market:
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