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Luxury Tourism Market Share

Report ID: GMI5038
Published Date: Feb 2023
Report Format: PDF

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Luxury Tourism Market Share

Some of the leading companies operating in the market include

National Geographic Expeditions, LLC
Abercrombie & Kent USA, LLC
Butterfield & Robinson Inc.
beyond

Many companies in the field are prioritizing mergers and acquisitions to extend their global footprint.

For instance, in June 2022, Abercrombie & Kent USA, LLC, an award-winning luxury travel firm, acquired Crystal Cruises, a luxury cruise vessels firm, and its luxury cruise vessels Crystal Serenity & Crystal Symphony.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The industry of luxury tourism surpassed USD 20 billion in 2022, led by the growing number of affluent travelers in Asia Pacific, the market is slated to expand at 15% CAGR from 2023 to 2032.

The industry for luxury tourism in North America held a valuation of over USD 2 billion in 2022, is slated to experience strong growth on account of the rising spending power of baby boomers and millennials.

The luxury standard segment accounted for 65% market share in 2022, the segment growth is expected to spurred by rising spending by millionaires on gastronomy tourism in coming years.

Some of the major leaders partaking in the market include Inspiring Travel Company, Lindblad Expeditions, National Geographic Expeditions, LLC, Scott Dunn Ltd., Jet2Holidays, Micato Safaris Inc., and Quasar Expeditions.