Industry Background:
High-end tourism is exclusive and unique which means unexplored, unspoiled destinations. Travelers are preferring to visit unexplored destinations to gain experience and understand the new cultures worldwide. Moreover, they are planning unique trips that include cultural visits, cruising, and adventure activities putting experiences, these some of the factors contributing to the growth of the High-end tourism industry.This growth is primarily driven by Rising Peoples' Inclination towards Luxury Travels
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies in Study | Expedia Group (United States), Booking Holdings (United States), American Express Global Business Travel (United States), Carlson Wagonlit Travel (United States, Flight Centre Travel Group (Australia), Travel Leaders Group (United States), Direct Travel (United States), Corporate Travel Management (United States), Ovation Travel Group, Inc. (United States) and Omega World Travel (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Globally, a noticeable market trend is evident Rising Demand for High-End Tourists for Affluent Travellers
. Major Vendors, such as Expedia Group (United States), Booking Holdings (United States), American Express Global Business Travel (United States), Carlson Wagonlit Travel (United States, Flight Centre Travel Group (Australia), Travel Leaders Group (United States), Direct Travel (United States), Corporate Travel Management (United States), Ovation Travel Group, Inc. (United States) and Omega World Travel (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 15h August 2021, Hyatt Hotels Corporation announced an agreement to acquire the Apple Leisure Group. The acquisition provides Apple Leisure Group’s membership offering, unlimited vacation club, travel distribution business Apple Leisure Group’s vacation, as well as the destination management services and travel technology assets. This acquisition brings the highly desirable independent resort management platform.
On 15th July 2021, J&K launches helicopter services for tourists in several destinations. The administration decides to launch air rides and air safaris in some locations.
Market Drivers
- Rising Peoples' Inclination towards Luxury Travels
- Emerging Travel and Tourism Industries across the Globe
Market Trend
- Rising Demand for High-End Tourists for Affluent Travellers
- Increasing Demands for Unique and Exotic Experiences
Restraints
- Concerned Related to Constantly Changing Government Travel Guidelines
- Stringent Regulations with the Environment Pollution
Opportunities
Emphasize the Authenticity of Luxurious Travel Experiences and Growing Contribution to the Economic and Social Development of Regions
Challenges
Lack of Offerings by the High-end Tourism Service Providers
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, High-end Tourism Study Sheds Light on
The High-end Tourism Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the High-end Tourism industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where High-end Tourism industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.
Frequently Asked Questions (FAQ):
1. What are the years considered in the High-end Tourism Market?Historical year: 2017-2021; Base year: 2021; Forecast period: 2022 to 2027
2. Who are the key players profiled in the High-end Tourism Market?Companies that are profiled in Global High-end Tourism Market are Expedia Group (United States), Booking Holdings (United States), American Express Global Business Travel (United States), Carlson Wagonlit Travel (United States, Flight Centre Travel Group (Australia), Travel Leaders Group (United States), Direct Travel (United States), Corporate Travel Management (United States), Ovation Travel Group, Inc. (United States) and Omega World Travel (United States) etc.
4. Who is dominating High-end Tourism Market?AMA Research predicts that United States Vendors will contribute to the maximum growth of Global High-end Tourism market throughout the forecasted period.