Research Expert: Sarah Overall
  • Published: Jun 2025
  • Pages: 150
  • SKU: IRTNTR44241

  • Latest News- Luxury Travel Market: Adventure is expected to lead the Type segment during 2025-2029

    The Luxury Travel Market is being driven by Increasing disposable incomes

    The Luxury Travel Market is expected to grow at a CAGR of 6.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 519.6 billion. Sports tourism refers to the travel sector centered around attending or participating in sporting events. Over the past half decade, this niche market has experienced significant growth, with a substantial number of sports aficionados flocking to various destinations for high-profile games. Notable events such as the Olympics, FIFA World Cup, Super Bowl, and Cricket World Cup attract billions of viewers worldwide. The Super Bowl, an annual American football spectacle, boasts a massive viewership. Major tournaments like the UEFA Champions League, Rugby World Cup, Wimbledon Tennis, and Formula One racing also draw substantial individual followings. These events contribute significantly to the global tourism industry. 

    Get more information on Luxury Travel Market by requesting a sample report

    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • Type
      • Adventure
      • Personalized
      • Cruising and yachting
      • Culinary
      • Others
    • Consumer
      • Domestic
      • International
    • Age
      • 21-30 Years
      • 31-40 Years
      • 41-60 Years
      • 60 and Above
      • 21-30 Years
      • 31-40 Years
      • 41-60 Years
      • 60 and Above
    • Accomodation Type
      • Luxury Hotels & Resorts
      • Private Villas & Rentals
      • Luxury Cruises
      • Boutique Hotels
    • Traveler Type
      • Individual
      • Group
    • Geography
      • Europe
        • Germany
        • UK
        • France
        • Italy
      • North America
        • Canada
        • US
      • APAC
        • China
        • India
        • Japan
        • South Korea
      • Middle East and Africa
        • South America

        According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

        • Increasing disposable incomes
        • Advances in technology
        • Growing digital connectivity

        However, the market also witnesses some limitations, which are as follows:

        • Inconsistent service quality
        • Threat of natural calamities and other issues
        • Travel fatigue

        Benefits of Buying Global Luxury Travel Market Research Report by Technavio

        Rich Experience: 20+ years leading global market research, trusted insights across industries.

        Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

        Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

        Market Scope in Luxury Travel Market Research Report

        Market Scope

        Report Coverage

        Details

        Page number

        201

        Base year

        2024

        Historic period

        2019-2023

        Forecast period

        2025-2029

        Growth momentum & CAGR

        Accelerate at a CAGR of 6.7%

        Market growth 2025-2029

        USD 519.6 billion

        Market structure

        fragmentation

        YoY growth 2024-2025(%)

        6.3

        Key countries

        US, Germany, China, France, Japan, UK, Canada, India, South Korea, and Italy

        Competitive landscape

        Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

        Request Free Sample

        Find out which segment is leading the market by accessing the free PDF report

        Research Analysis Overview

        The luxury travel market caters to elite travelers seeking micro trips filled with personalized services and exclusivity. The tourism sector responds with reliable transport, such as private jet planes, and sumptuous accommodations in private villas. Discerning travelers, particularly baby boomers, crave unparalleled service, including tailored itineraries, spas, and fine dining experiences. Immersive culinary tours showcase local cultures and foods, while digital technology, the internet, and social media platforms enhance the journey. Private yachts offer a unique perspective, and special menus cater to dietary preferences.

        Market Research Overview

        The luxury travel segment, catering to elite consumers, represents a significant portion of the parent global hotels, resorts, and cruise lines market. This sector is characterized by micro trips, personalized services, exclusivity, and professional interaction. Key drivers for market growth include the expanding travel and tourism industry, with increasing numbers of baby boomers and affluent travelers seeking unique experiences. Companies in this market offer offerings such as private jet planes, spas, special menus, private island rentals, and private yachts, allowing clients to immerse themselves in diverse cultures and culinary delights. Technavio projects that the global hotels, resorts, and cruise lines industry, which encompasses the revenue of casinos and gaming, hotels, resorts and cruise lines, leisure facilities, and restaurants, will experience steady expansion due to these factors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


        Contacts

        Technavio Research
        Jesse Maida
        Media & Marketing Executive
        US: +1 844 364 1100
        UK: +44 203 893 3200
        Email: media@technavio.com
        Website: www.technavio.com/

        Read News Read Less
        Interested in this report?
        Get your sample now!

      Safe and Secure SSL Encrypted

      Technavio

      • 2500 USD

      [5 reports/month/user]

      • 5000 USD

      close
      • Basic Plan [5000 USD/Year]:

        Single User
        Download 5 Reports/Month
        View 100 Reports/Month
        Add upto 3 Users at 625 USD/user

      • Teams Plan [7500 USD/Year]:

        5 User
        Download 5 Reports/Month/User
        View 100 Reports/Month/User
        Add upto 30 Users at 500 USD/user

      *You can upgrade to Teams plan at Subscription page

      close
      • Single:

        One user only.
        Quick & easy download option

      • Enterprise:

        Unlimited user access (Within your organization).
        Complimentary Customization Included

      *For Enterprise license, go to checkout page

      Technavio Get the report (PDF) sent to your email within minutes.