The North America Luxury Travel Market would witness market growth of 5.7% CAGR during the forecast period (2022-2028).
Millions of individuals are interested in learning about the customs and cultures of various nations and places. They are eager to participate, pick up new skills, and modify these environments to suit themselves. According to their many interests, people desire to learn as well as discover things that they have never explored.
The exposure to various cuisines from throughout the world fascinates tourists. Foodies all over the world can't get enough of tasting the specialties from nearly every nation or city. Luxury visitors are constantly searching for the best dining experiences while visiting. So, for a luxury traveler, a delicious meal or cuisine is always a top priority.
Packaged tours and vacations are very inconvenient for tourists looking for a luxurious experience. On a number of levels, they lack superiority and personalization. Customers who travel in style are seeking options to choose the restaurant, hotel, and destination of their choice.
The increased need for an authentic and customized tourism experience, which is being driven by quick modernization, the influence of social media, and affordable airline tickets, is one of the key factors driving market expansion. Additionally, travel companies are introducing speedy, user-friendly mobile websites that are accessible on smartphones.
For the US economy, international travel is essential. Prior to the COVID-19 pandemic, foreign tourists spent $233.5 billion in 2019, contributing roughly $640 million per day to the American economy. The travel and tourism sector in the United States supported 9.5 million American jobs, generated $1.9 trillion in economic production, and contributed 2.9% of the country's GDP. Foreign travellers spend more money in the United States than any other nation, accounting for 14.5% of all international travel expenditures worldwide.
The US market dominated the North America Luxury Travel Market by Country in 2021; thereby, achieving a market value of $335.2 Billion by 2028. The Canada market is experiencing a CAGR of 8.1% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 7.1% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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 North America Luxury Travel Market, by Tour
1.4.2 North America Luxury Travel Market, by Age Group
1.4.3 North America 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. North America Luxury Travel Market by Tour
4.1 North America Safari & Adventure Market by Country
4.2 North America Celebration Journeys Market by Country
4.3 North America Culinary Travel & Shopping Market by Country
4.4 North America Cruises, Yachting, & Small Ship Expeditions Market by Country
4.5 North America Customized & Private Vacations Market by Country
4.6 North America Others Market by Country
Chapter 5. North America Luxury Travel Market by Age Group
5.1 North America Baby Boomers Market by Country
5.2 North America Generation X Market by Country
5.3 North America Millennial Market by Country
5.4 North America Silver Hair Market by Country
Chapter 6. North America Luxury Travel Market by Country
6.1 US Luxury Travel Market
6.1.1 US Luxury Travel Market by Tour
6.1.2 US Luxury Travel Market by Age Group
6.2 Canada Luxury Travel Market
6.2.1 Canada Luxury Travel Market by Tour
6.2.2 Canada Luxury Travel Market by Age Group
6.3 Mexico Luxury Travel Market
6.3.1 Mexico Luxury Travel Market by Tour
6.3.2 Mexico Luxury Travel Market by Age Group
6.4 Rest of North America Luxury Travel Market
6.4.1 Rest of North America Luxury Travel Market by Tour
6.4.2 Rest of North America 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 North America Luxury Travel Market, 2018 - 2021, USD Billion
TABLE 2 North America 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 North America Luxury Travel Market by Tour, 2018 - 2021, USD Billion
TABLE 8 North America Luxury Travel Market by Tour, 2022 - 2028, USD Billion
TABLE 9 North America Safari & Adventure Market by Country, 2018 - 2021, USD Billion
TABLE 10 North America Safari & Adventure Market by Country, 2022 - 2028, USD Billion
TABLE 11 North America Celebration Journeys Market by Country, 2018 - 2021, USD Billion
TABLE 12 North America Celebration Journeys Market by Country, 2022 - 2028, USD Billion
TABLE 13 North America Culinary Travel & Shopping Market by Country, 2018 - 2021, USD Billion
TABLE 14 North America Culinary Travel & Shopping Market by Country, 2022 - 2028, USD Billion
TABLE 15 North America Cruises, Yachting, & Small Ship Expeditions Market by Country, 2018 - 2021, USD Billion
TABLE 16 North America Cruises, Yachting, & Small Ship Expeditions Market by Country, 2022 - 2028, USD Billion
TABLE 17 North America Customized & Private Vacations Market by Country, 2018 - 2021, USD Billion
TABLE 18 North America Customized & Private Vacations Market by Country, 2022 - 2028, USD Billion
TABLE 19 North America Others Market by Country, 2018 - 2021, USD Billion
TABLE 20 North America Others Market by Country, 2022 - 2028, USD Billion
TABLE 21 North America Luxury Travel Market by Age Group, 2018 - 2021, USD Billion
TABLE 22 North America Luxury Travel Market by Age Group, 2022 - 2028, USD Billion
TABLE 23 North America Baby Boomers Market by Country, 2018 - 2021, USD Billion
TABLE 24 North America Baby Boomers Market by Country, 2022 - 2028, USD Billion
TABLE 25 North America Generation X Market by Country, 2018 - 2021, USD Billion
TABLE 26 North America Generation X Market by Country, 2022 - 2028, USD Billion
TABLE 27 North America Millennial Market by Country, 2018 - 2021, USD Billion
TABLE 28 North America Millennial Market by Country, 2022 - 2028, USD Billion
TABLE 29 North America Silver Hair Market by Country, 2018 - 2021, USD Billion
TABLE 30 North America Silver Hair Market by Country, 2022 - 2028, USD Billion
TABLE 31 North America Luxury Travel Market by Country, 2018 - 2021, USD Billion
TABLE 32 North America Luxury Travel Market by Country, 2022 - 2028, USD Billion
TABLE 33 US Luxury Travel Market, 2018 - 2021, USD Billion
TABLE 34 US Luxury Travel Market, 2022 - 2028, USD Billion
TABLE 35 US Luxury Travel Market by Tour, 2018 - 2021, USD Billion
TABLE 36 US Luxury Travel Market by Tour, 2022 - 2028, USD Billion
TABLE 37 US Luxury Travel Market by Age Group, 2018 - 2021, USD Billion
TABLE 38 US Luxury Travel Market by Age Group, 2022 - 2028, USD Billion
TABLE 39 Canada Luxury Travel Market, 2018 - 2021, USD Billion
TABLE 40 Canada Luxury Travel Market, 2022 - 2028, USD Billion
TABLE 41 Canada Luxury Travel Market by Tour, 2018 - 2021, USD Billion
TABLE 42 Canada Luxury Travel Market by Tour, 2022 - 2028, USD Billion
TABLE 43 Canada Luxury Travel Market by Age Group, 2018 - 2021, USD Billion
TABLE 44 Canada Luxury Travel Market by Age Group, 2022 - 2028, USD Billion
TABLE 45 Mexico Luxury Travel Market, 2018 - 2021, USD Billion
TABLE 46 Mexico Luxury Travel Market, 2022 - 2028, USD Billion
TABLE 47 Mexico Luxury Travel Market by Tour, 2018 - 2021, USD Billion
TABLE 48 Mexico Luxury Travel Market by Tour, 2022 - 2028, USD Billion
TABLE 49 Mexico Luxury Travel Market by Age Group, 2018 - 2021, USD Billion
TABLE 50 Mexico Luxury Travel Market by Age Group, 2022 - 2028, USD Billion
TABLE 51 Rest of North America Luxury Travel Market, 2018 - 2021, USD Billion
TABLE 52 Rest of North America Luxury Travel Market, 2022 - 2028, USD Billion
TABLE 53 Rest of North America Luxury Travel Market by Tour, 2018 - 2021, USD Billion
TABLE 54 Rest of North America Luxury Travel Market by Tour, 2022 - 2028, USD Billion
TABLE 55 Rest of North America Luxury Travel Market by Age Group, 2018 - 2021, USD Billion
TABLE 56 Rest of North America Luxury Travel Market by Age Group, 2022 - 2028, USD Billion
TABLE 57 Key Information – TUI Group
TABLE 58 Key Information – Lindblad Expeditions Holdings, Inc.
TABLE 59 Key Information – THOMAS COOK (INDIA) LIMITed
TABLE 60 Key Information – Scott Dunn
TABLE 61 Key Information – Abercrombie & Kent USA, LLC
TABLE 62 Key Information – Exodus Travels Limited
TABLE 63 Key Information – Travel Edge, Inc.
TABLE 64 Key Information – Butterfield & Robinson, Inc.
TABLE 65 Key Information – Geographic Expeditions, Inc.
TABLE 66 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