Luxury Travel Market Size Share - Opportunity, Industry Trends and Forecast 2017-2021

The global luxury travel market to grow at a CAGR of 6.83% during the period 2017-2021.


Albany, NY -- (SBWIRE) -- 11/08/2017 -- Tourism refers to travel made by individuals to domestic or international destinations for a period not exceeding one year for business, leisure, and other purposes such as pilgrimage and wellness. In many countries, tourism accounts for the major sources of income and has a positive impact on the economy of both the source and host countries. The tourism industry has experienced an outstanding growth in the last six decades, especially in regions like Europe that had a large number of international travelers visiting for short breaks.

Covered in this report

The report covers the present scenario and the growth prospects of the global luxury travel market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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The market is divided into the following segments based on geography:

Technavio's report, Global Luxury Travel Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Abercrombie & Kent USA
Absolute Travel
Inspiring Travel Company
TCS World Travel

Other prominent vendors
Butterfield & Robinson
Classic Journeys
G Adventures
Journeys Within Tour
Touring Treasures
Wilderness Travel

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Market driver
Growing spending capability
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Market challenge
Threat of terrorism
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Market trend
Trending sports tourism
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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