Luxury Travel Market Thriving Globally by Top Vendors like LLC, Cox & Kings Ltd, Travcoa, Micato Safaris, Ker & Downey, Tauck, Thomas Cook Group PLC
Report Consultants forecasts the Luxury travel market is expected to reach at US$+1,154 billion by 2026, registering a CAGR of +6.4% during the forecast period 2018-2026. Travelers, nowadays, love to experiment with destinations to gain deeper experience and absorb new cultures worldwide. To gain a valuable and unforgettable experience, people increasingly opt for unique trips which include cultural visit, cruising, and adventure activities. The luxury travel market is projected to be the fastest growing segment of the travel industry worldwide. The key drivers of rising luxury travel trend include sheer inclination of people towards unique and exotic holiday experiences, increase in the middle & upper class disposable income & related expenditure, and growing need and interest of people to spend more time with family owing to increasingly hectic lifestyles. Top Key Players of Luxury Travel Market: • TUI Group, • Thomas Cook Group, • Jet2 Holidays,