Luxury Travel Market Expanding At A CAGR Of 7.8% From 2022 To 2032
source link: https://market.us/report/luxury-travel-market/
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Market Overview: The Luxury Travel Market size is expected to reach USD 2,762 billion, exhibiting an impressive CAGR of 7.8% between 2022 and 2032, from its current value of USD 1,328 billion in 2022.
luxury travel market had been experiencing a steady recovery from the impact of the COVID-19 pandemic. However, it is important to note that the situation is constantly evolving and there may have been changes since then.
There has been a shift towards domestic and regional travel, as international travel remains restricted in many parts of the world. In addition, travelers are seeking out more remote and secluded destinations, such as private islands and luxury safari camps, as a way to avoid crowded tourist hotspots and maintain social distancing.
Overall, the luxury travel market is expected to continue to recover and grow in the coming years, with a focus on personalized, unique, and sustainable experiences.
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK