The Asia Pacific Luxury Travel Market would witness market growth of 7.2% CAGR during the forecast period (2022-2028).
Affluent visitors are more attracted to places that are culturally and historically fascinating, as interest in learning about and understanding the local culture grows. In addition, as more individuals are exposed to various social media platforms, their knowledge of the numerous trends influencing the tourist business has increased.
A phoney vacation agency is evolving through social media. Customers are increasingly choosing travel-related services and goods based on recommendations from those who have visited or stayed there in the past. They also make reference to evaluations and analyses provided on different social networking websites. Views and opinions expressed on websites promote more product transparency and encourage customers to book their favourite trip destination. All these elements are leading to the expansion of luxury travel across the globe.
The demand for various services has increased as more travellers travel the world. Additionally, it is anticipated that rising tourism-related spending will benefit the wellness tourism sector. To guarantee consumer happiness, the service providers are concentrating on providing spa therapies and other activities.
Natural, historical, cultural, and spiritual treasures are abundant and diverse in India. To experience India's spiritual grandeur and Indian heritage, millions of local and foreign tourists visit. In fact, links to sacred or historic locations, people, or events have played a significant role in the development of many popular tourist destinations, making religion, spirituality, and legacy prominent reasons for travel. An integrated development of the chosen pilgrimage destinations and integrated development of heritage cities in collaboration with other stakeholders are required to fully realize the potential of pilgrimage and heritage tourism in India.
The China market dominated the Asia Pacific Luxury Travel Market by Country in 2021; thereby, achieving a market value of $136.2 Billion by 2028. The Japan market is registering a CAGR of 6.6% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 8% during (2022 - 2028).
Based on Tour, the market is segmented into Safari & Adventure, Celebration Journeys, Culinary Travel & Shopping, Cruises, Yachting, & Small Ship Expeditions, Customized & Private Vacations and Others. Based on Age Group, the market is segmented into Baby Boomers, Generation X, Millennial and Silver Hair. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Luxury Travel Market is Projected to reach USD 1,574 Billion by 2028, at a CAGR of 6.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include TUI Group, Lindblad Expeditions Holdings, Inc., Thomas Cook (India) Limited (Fairfax Financial Holdings Limited), Scott Dunn, Abercrombie & Kent USA, LLC, Exodus Travels Limited, Travel Edge, Inc. (Navigatr Group), Butterfield & Robinson, Inc., Geographic Expeditions, Inc. and Micato Safaris.
Scope of the Study
Market Segments Covered in the Report:
By Tour
- Safari & Adventure
- Celebration Journeys
- Culinary Travel & Shopping
- Cruises, Yachting, & Small Ship Expeditions
- Customized & Private Vacations
- Others
By Age Group
- Baby Boomers
- Generation X
- Millennial
- Silver Hair
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- TUI Group
- Lindblad Expeditions Holdings, Inc.
- Thomas Cook (India) Limited (Fairfax Financial Holdings Limited)
- Scott Dunn
- Abercrombie & Kent USA, LLC
- Exodus Travels Limited
- Travel Edge, Inc. (Navigatr Group)
- Butterfield & Robinson, Inc.
- Geographic Expeditions, Inc.
- Micato Safaris
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Luxury Travel Market, by Tour
1.4.2 Asia Pacific Luxury Travel Market, by Age Group
1.4.3 Asia Pacific Luxury Travel Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Recent Industry Wide Strategic Developments
3.1.1 Partnerships, Collaborations and Agreements
3.1.2 Product Launches and Product Expansions
3.1.3 Acquisition and Mergers
3.1.4 Geographical Expansions
3.2 Top Winning Strategies
3.2.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.2.2 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2018, Aug – 2022, Sep) Leading Players
Chapter 4. Asia Pacific Luxury Travel Market by Tour
4.1 Asia Pacific Safari & Adventure Market by Country
4.2 Asia Pacific Celebration Journeys Market by Country
4.3 Asia Pacific Culinary Travel & Shopping Market by Country
4.4 Asia Pacific Cruises, Yachting, & Small Ship Expeditions Market by Country
4.5 Asia Pacific Customized & Private Vacations Market by Country
4.6 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Luxury Travel Market by Age Group
5.1 Asia Pacific Baby Boomers Market by Country
5.2 Asia Pacific Generation X Market by Country
5.3 Asia Pacific Millennial Market by Country
5.4 Asia Pacific Silver Hair Market by Country
Chapter 6. Asia Pacific Luxury Travel Market by Country
6.1 China Luxury Travel Market
6.1.1 China Luxury Travel Market by Tour
6.1.2 China Luxury Travel Market by Age Group
6.2 Japan Luxury Travel Market
6.2.1 Japan Luxury Travel Market by Tour
6.2.2 Japan Luxury Travel Market by Age Group
6.3 India Luxury Travel Market
6.3.1 India Luxury Travel Market by Tour
6.3.2 India Luxury Travel Market by Age Group
6.4 South Korea Luxury Travel Market
6.4.1 South Korea Luxury Travel Market by Tour
6.4.2 South Korea Luxury Travel Market by Age Group
6.5 Singapore Luxury Travel Market
6.5.1 Singapore Luxury Travel Market by Tour
6.5.2 Singapore Luxury Travel Market by Age Group
6.6 Malaysia Luxury Travel Market
6.6.1 Malaysia Luxury Travel Market by Tour
6.6.2 Malaysia Luxury Travel Market by Age Group
6.7 Rest of Asia Pacific Luxury Travel Market
6.7.1 Rest of Asia Pacific Luxury Travel Market by Tour
6.7.2 Rest of Asia Pacific Luxury Travel Market by Age Group
Chapter 7. Company Profiles
7.1 TUI Group
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Recent strategies and developments:
7.1.4.1 Partnerships, Collaborations, and Agreements:
7.1.4.2 Geographical Expansions:
7.2 Lindblad Expeditions Holdings, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental Analysis
7.2.4 Recent strategies and developments:
7.2.4.1 Partnerships, Collaborations, and Agreements:
7.2.4.2 Acquisition and Mergers:
7.3 Thomas Cook (India) Limited (Fairfax Financial Holdings Limited)
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental Analysis
7.4 Scott Dunn
7.4.1 Company Overview
7.4.2 Recent strategies and developments:
7.4.2.1 Partnerships, Collaborations, and Agreements:
7.4.2.2 Acquisition and Mergers:
7.5 Abercrombie & Kent USA, LLC
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Partnerships, Collaborations, and Agreements:
7.5.2.2 Acquisitions and Mergers:
7.6 Exodus Travels Limited
7.6.1 Company Overview
7.6.2 Recent strategies and developments:
7.6.2.1 Partnerships, Collaborations, and Agreements:
7.6.2.2 Acquisition and Mergers:
7.7 Travel Edge, Inc. (Navigatr Group)
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Partnerships, Collaborations, and Agreements:
7.8 Butterfield & Robinson, Inc.
7.8.1 Company Overview
7.9 Geographic Expeditions, Inc.
7.9.1 Company Overview
7.10. Micato Safaris
7.10.1 Company Overview
TABLE 1 Asia Pacific Luxury Travel Market, 2018 - 2021, USD Billion
TABLE 2 Asia Pacific Luxury Travel Market, 2022 - 2028, USD Billion
TABLE 3 Partnerships, Collaborations and Agreements– Luxury Travel Market
TABLE 4 Product Launches And Product Expansions– Luxury Travel Market
TABLE 5 Acquisition and Mergers– Luxury Travel Market
TABLE 6 Geographical Expansions – Luxury Travel Market
TABLE 7 Asia Pacific Luxury Travel Market by Tour, 2018 - 2021, USD Billion
TABLE 8 Asia Pacific Luxury Travel Market by Tour, 2022 - 2028, USD Billion
TABLE 9 Asia Pacific Safari & Adventure Market by Country, 2018 - 2021, USD Billion
TABLE 10 Asia Pacific Safari & Adventure Market by Country, 2022 - 2028, USD Billion
TABLE 11 Asia Pacific Celebration Journeys Market by Country, 2018 - 2021, USD Billion
TABLE 12 Asia Pacific Celebration Journeys Market by Country, 2022 - 2028, USD Billion
TABLE 13 Asia Pacific Culinary Travel & Shopping Market by Country, 2018 - 2021, USD Billion
TABLE 14 Asia Pacific Culinary Travel & Shopping Market by Country, 2022 - 2028, USD Billion
TABLE 15 Asia Pacific Cruises, Yachting, & Small Ship Expeditions Market by Country, 2018 - 2021, USD Billion
TABLE 16 Asia Pacific Cruises, Yachting, & Small Ship Expeditions Market by Country, 2022 - 2028, USD Billion
TABLE 17 Asia Pacific Customized & Private Vacations Market by Country, 2018 - 2021, USD Billion
TABLE 18 Asia Pacific Customized & Private Vacations Market by Country, 2022 - 2028, USD Billion
TABLE 19 Asia Pacific Others Market by Country, 2018 - 2021, USD Billion
TABLE 20 Asia Pacific Others Market by Country, 2022 - 2028, USD Billion
TABLE 21 Asia Pacific Luxury Travel Market by Age Group, 2018 - 2021, USD Billion
TABLE 22 Asia Pacific Luxury Travel Market by Age Group, 2022 - 2028, USD Billion
TABLE 23 Asia Pacific Baby Boomers Market by Country, 2018 - 2021, USD Billion
TABLE 24 Asia Pacific Baby Boomers Market by Country, 2022 - 2028, USD Billion
TABLE 25 Asia Pacific Generation X Market by Country, 2018 - 2021, USD Billion
TABLE 26 Asia Pacific Generation X Market by Country, 2022 - 2028, USD Billion
TABLE 27 Asia Pacific Millennial Market by Country, 2018 - 2021, USD Billion
TABLE 28 Asia Pacific Millennial Market by Country, 2022 - 2028, USD Billion
TABLE 29 Asia Pacific Silver Hair Market by Country, 2018 - 2021, USD Billion
TABLE 30 Asia Pacific Silver Hair Market by Country, 2022 - 2028, USD Billion
TABLE 31 Asia Pacific Luxury Travel Market by Country, 2018 - 2021, USD Billion
TABLE 32 Asia Pacific Luxury Travel Market by Country, 2022 - 2028, USD Billion
TABLE 33 China Luxury Travel Market, 2018 - 2021, USD Billion
TABLE 34 China Luxury Travel Market, 2022 - 2028, USD Billion
TABLE 35 China Luxury Travel Market by Tour, 2018 - 2021, USD Billion
TABLE 36 China Luxury Travel Market by Tour, 2022 - 2028, USD Billion
TABLE 37 China Luxury Travel Market by Age Group, 2018 - 2021, USD Billion
TABLE 38 China Luxury Travel Market by Age Group, 2022 - 2028, USD Billion
TABLE 39 Japan Luxury Travel Market, 2018 - 2021, USD Billion
TABLE 40 Japan Luxury Travel Market, 2022 - 2028, USD Billion
TABLE 41 Japan Luxury Travel Market by Tour, 2018 - 2021, USD Billion
TABLE 42 Japan Luxury Travel Market by Tour, 2022 - 2028, USD Billion
TABLE 43 Japan Luxury Travel Market by Age Group, 2018 - 2021, USD Billion
TABLE 44 Japan Luxury Travel Market by Age Group, 2022 - 2028, USD Billion
TABLE 45 India Luxury Travel Market, 2018 - 2021, USD Billion
TABLE 46 India Luxury Travel Market, 2022 - 2028, USD Billion
TABLE 47 India Luxury Travel Market by Tour, 2018 - 2021, USD Billion
TABLE 48 India Luxury Travel Market by Tour, 2022 - 2028, USD Billion
TABLE 49 India Luxury Travel Market by Age Group, 2018 - 2021, USD Billion
TABLE 50 India Luxury Travel Market by Age Group, 2022 - 2028, USD Billion
TABLE 51 South Korea Luxury Travel Market, 2018 - 2021, USD Billion
TABLE 52 South Korea Luxury Travel Market, 2022 - 2028, USD Billion
TABLE 53 South Korea Luxury Travel Market by Tour, 2018 - 2021, USD Billion
TABLE 54 South Korea Luxury Travel Market by Tour, 2022 - 2028, USD Billion
TABLE 55 South Korea Luxury Travel Market by Age Group, 2018 - 2021, USD Billion
TABLE 56 South Korea Luxury Travel Market by Age Group, 2022 - 2028, USD Billion
TABLE 57 Singapore Luxury Travel Market, 2018 - 2021, USD Billion
TABLE 58 Singapore Luxury Travel Market, 2022 - 2028, USD Billion
TABLE 59 Singapore Luxury Travel Market by Tour, 2018 - 2021, USD Billion
TABLE 60 Singapore Luxury Travel Market by Tour, 2022 - 2028, USD Billion
TABLE 61 Singapore Luxury Travel Market by Age Group, 2018 - 2021, USD Billion
TABLE 62 Singapore Luxury Travel Market by Age Group, 2022 - 2028, USD Billion
TABLE 63 Malaysia Luxury Travel Market, 2018 - 2021, USD Billion
TABLE 64 Malaysia Luxury Travel Market, 2022 - 2028, USD Billion
TABLE 65 Malaysia Luxury Travel Market by Tour, 2018 - 2021, USD Billion
TABLE 66 Malaysia Luxury Travel Market by Tour, 2022 - 2028, USD Billion
TABLE 67 Malaysia Luxury Travel Market by Age Group, 2018 - 2021, USD Billion
TABLE 68 Malaysia Luxury Travel Market by Age Group, 2022 - 2028, USD Billion
TABLE 69 Rest of Asia Pacific Luxury Travel Market, 2018 - 2021, USD Billion
TABLE 70 Rest of Asia Pacific Luxury Travel Market, 2022 - 2028, USD Billion
TABLE 71 Rest of Asia Pacific Luxury Travel Market by Tour, 2018 - 2021, USD Billion
TABLE 72 Rest of Asia Pacific Luxury Travel Market by Tour, 2022 - 2028, USD Billion
TABLE 73 Rest of Asia Pacific Luxury Travel Market by Age Group, 2018 - 2021, USD Billion
TABLE 74 Rest of Asia Pacific Luxury Travel Market by Age Group, 2022 - 2028, USD Billion
TABLE 75 Key Information – TUI Group
TABLE 76 Key Information – Lindblad Expeditions Holdings, Inc.
TABLE 77 Key Information – THOMAS COOK (INDIA) LIMITed
TABLE 78 Key Information – Scott Dunn
TABLE 79 Key Information – Abercrombie & Kent USA, LLC
TABLE 80 Key Information – Exodus Travels Limited
TABLE 81 Key Information – Travel Edge, Inc.
TABLE 82 Key Information – Butterfield & Robinson, Inc.
TABLE 83 Key Information – Geographic Expeditions, Inc.
TABLE 84 Key Information – Micato safaris
List of Figures
FIG 1 Methodology for the research
FIG 2 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 3 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2018, Aug – 2022, Sep) Leading Players
FIG 4 Recent strategies and developments: TUI Group
FIG 5 Recent strategies and developments: Lindblad Expeditions Holdings, Inc.
FIG 6 Recent strategies and developments: Scott Dunn
FIG 7 Recent strategies and developments: Abercrombie & Kent USA, LLC
FIG 8 Recent strategies and developments: Exodus Travels Limited