DUBLIN–(BUSINESS WIRE)–The “Global Luxury Travel Market Size By Tour Type, By Age Group Of Travellers, By Geographic Scope And Forecast” report has been added to ResearchAndMarkets.com’s offering.
The global Luxury Travel Market was valued at USD 1072.2 Billion in 2020 and is projected to reach USD 1795.7 Billion by 2028, growing at a CAGR of 4.8% from 2021 to 2028.
The Luxury Travel Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market are outlined.
The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Luxury Travel Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
Global Luxury Travel Market Overview
An increasing number of domestic and international travelers with a high disposable income level is a key driver for the global Luxury Travel Market. The current trends of destination weddings, business retreats, travel blogging, destination shopping, cultural immersion, etc., are expected to support the growth of this industry. A luxurious escape from the hectic work schedules of the working…
