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Luxury Tourism Market Size
- Report ID: GMI5038
- Published Date: Feb 2023
- Report Format: PDF
Luxury Tourism Market Size
Luxury Tourism Market size valued at USD 20 billion in 2022 and is projected to grow at over 15% CAGR from 2023 to 2032. Driven by a growing demographic of affluent consumers in the Asia Pacific.
The number of well-off people in Asia Pacific has increased in recent years on account of favorable government initiatives, which have improved economic scenarios and raised literacy rates in the region, bolstering the demand for recreational and leisure activities such as luxury tourism. The new age of wealthy and highly educated consumer base is more inclined towards convenient, comfortable, and luxurious travel. These preferences now primarily influence the purchasing decisions of travelers, and the global tourism sector is increasingly paying heed to these tastes.
Recently, the government of India rolled out several initiatives such as rationalization of port fees, infrastructure upgradation, and granting priority berthing to cruise ships to boost its cruise tourism sector.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Luxury Tourism Market Size in 2022: | USD 20 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 15% |
| 2032 Value Projection: | USD 150 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 350 |
| Tables, Charts & Figures: | 325 |
| Segments covered: | Type, Tour Type, Generation, Standard |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Luxury Tourism Market Scope
