![Global Luxury Travel Market](https://res.cloudinary.com/devmoveo/image/upload/v1687514130/skyquest/gallery/Global-Luxury-Travel-Market.jpg)
Report ID: SQMIG25O2014
Report ID:
SQMIG25O2014 |
Region:
Global |
Published Date: March, 2024
Pages:
223
|
Tables:
68 |
Figures:
75
Europe developed as the main regional market, contributing the highest percentage of the total revenue—more than 35.00% in 2022. Luxury travelers may now more easily reach even the most remote areas of Europe thanks to enhanced travel connections and the rapid adoption of high-speed internet. This is driving tourism to the region's new and exotic locations, which is promoting industry development there.
Asia Pacific is likely to grow at the greatest pace during the forecast timeframe. This geographic industry's growth can be attributed to factors like Asian billionaires' rising spending on adventure and culinary tourism. Travel has become the most popular leisure of wealthy Chinese people, with an increase in visitors taking more luxurious journeys that take them further from the mainland and Hong Kong.
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Report ID: SQMIG25O2014