Luxury Travel Market Projected To Reach USD 2.5 Trillion By 2025 : Grand View Research Inc.
San Francisco, 9 October 2019: The Report Luxury Travel Market Size, Share & Trends Analysis Report By Age Group (Millennial, Baby Boomers), By Tour (Safari & Adventure, Culinary Travel & Shopping), By Region, And Segment Forecasts, 2019 – 2025 The global luxury travel market size is expected to reach USD 2.5 trillion by 2025, expanding at a CAGR of 4.6% over the forecast period, according to a new report by Grand View Research, Inc. Increasing disposable income and consumer spending of middle and upper class, growing demand for accumulation of travel memories, increase in micro trips, and emerging tourism and corporate industries all across the globe are expected to drive the market. Growing traveler’s preference for personalized service, reliable transport, exclusivity, and positive and professional interaction with staff is setting the primary benchmark for luxury travel. Growing political stability across the globe regarding gender, eth...