NEW YORK, Aug. 7, 2021 /PRNewswire/ — Technavio has been monitoring the luxury travel market and it is poised to grow by USD 1,232.77 billion during 2021-2025, decelerating at a CAGR of 26% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario and information of various vendors operating in the market including Abercrombie & Kent USA LLC (US), Absolute Travel Inc. (US), Butterfield & Robinson Inc. (Canada), Classic Journeys (US), Cox & Kings Ltd. (India), Indigenous Tourism BC (Canada), Odyssey World (UK), Responsible Travel (UK), Scott Dunn (UK), and Travelopia (UK).
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The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Although the increasing disposable incomes will offer immense growth opportunities, the threat of natural calamities and other issues will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Luxury Travel Market 2021-2025: Segmentation
Luxury Travel Market is segmented as below:
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Luxury Travel Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our luxury travel market report covers the following areas:
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Luxury Travel Market size
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Luxury Travel Market trends
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Luxury Travel Market industry analysis
This study identifies trending sports tourism as one of the prime reasons driving the luxury travel market growth during the next few years.
Luxury Travel Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the Luxury Travel Market. Backed with competitive intelligence and benchmarking, our research reports on the Luxury Travel Market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
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Read More: Luxury Travel Market 2021-2025 | Increasing Disposable Incomes to Boost