LAMEA Luxury Travel Market Size, Industry Trends to 2028

LAMEA Luxury Travel Market Size, Share & Industry Trends Analysis Report By Tour, By Age Group (Baby Boomers, Generation X, Millennial and Silver Hair), By Country and Growth Forecast, 2022 - 2028

Published Date: November-2022 | Number of Pages: 77 | Format: PDF | Report ID: KBV-20933

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Market Report Description

The Latin America, Middle East and Africa Luxury Travel Market would witness market growth of 11.8% CAGR during the forecast period (2022-2028).

A guide with a broad understanding of a variety of skills (e.g., interpretative, medical, and sustainability) required to lead a group of customers through a variety of terrains, environments, and localities in a safe, managed, and professional manner. Guides operate their own small enterprises or work for adventure tourism organizations, resorts, parks, hotels, or campgrounds.

They provide the option to participate in a variety of activities, depending on the season and the individual's abilities. A guide for adventure travel must be tolerant to adversity and unpredictability. Furthermore, culinary luxury tourism is becoming new trend in which travellers seek out places and activities that provide eating & drinking experiences, has emerged as one of the most rapidly expanding and dynamic sectors of the travel business.

An increasing number of consumers are travelling to various destinations solely to experience the food & drink. This trend is attributed to the growing popularity of food channels, travel shows showcasing local and regional cuisine, food documentaries, and online culinary travel shows. Culinary luxury tourism entails investigation or travel to remote exotic locales and the consumption of a variety of meals and local foods to gain a sense for the area.

Within two & a half decades, Dubai became the most significant and well-liked travel destination. The city has outperformed the majority of other places that were active in the tourism business in the past. However, Dubai is well known for its naturally occurring constructions that draw tourists, such as the Burj Khalifa and Burj Al Arab, which are recognized as the most tourist-drawing structures. Along with this, there is no shortage of extravagance in Dubai, whether it be in the form of marble, gold, or modern house design ideas. Everything is available, including opulent hotels, pricey automobiles, fine dining establishments, and upscale spas.

The Brazil market dominated the LAMEA Luxury Travel Market by Country in 2021; thereby, achieving a market value of $38.1 Billion by 2028. The Argentina market is showcasing a CAGR of 12.4% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 11.5% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Global Luxury Travel Market is Predict to reach $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

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

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

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Related Reports:

Global Luxury Travel Market Report 2022-2028

North America Luxury Travel Market Report 2022-2028

Europe Luxury Travel Market Report 2022-2028

Asia Pacific Luxury Travel Market Report 2022-2028

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