The global luxury travel market is growing at a healthy rate of 6.4%, owing to the increase in interest of people in unique and exotic holiday destinations. Luxury travel is a niche market; however, it is gradually gaining market share in the overall travel industry, owing to growth in disposable income and rise in living standards of people. The increase in the number of high-net-worth individual HNIs in emerging markets further propels the growth of the luxury travel market. The global luxury travel market is projected to reach $ 1,614,639million by 2026, growing at a CAGR of 7.9%, from 2019 to 2026. The growth of the luxury travel market is attributable to the large number of luxury travel companies switching to new age technologies. This is to boost the luxury travel status and delivering guests with state of the art facilities. Oculus rift-virtual reality device, Amazon eco-artificial intelligence, Go pro-wearable technology, and DaVinci 3D printing are some of the advanced technologies launched for the customers to enhance their travel experience.

INTRODUCTION

MARKET OVERVIEW

LUXURY TRAVEL MARKET, BY TYPES OF TOUR

LUXURY TRAVEL MARKET, BY AGE GROUP

LUXURY TRAVEL MARKET, BY TYPE OF TRAVELER

LUXURY TRAVEL MARKET BY GEOGRAPHY