About High-end Tourism
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.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global high-end tourism market is fragmented due to the planning of unique trips including cultural visits, cruising, and adventure activities putting experiences, which Increases the demand for high-end tourism. So the players are focusing on offering memberships, unlimited vacation clubs, and investing in destination management services and travel technology assets. These will enhance their Market Presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to Sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global High-end Tourism market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global High-end Tourism market by Type (Domestic Tourism, Inbound Tourism and Outbound Tourism) and Region.
On the basis of geography, the market of High-end Tourism has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Traveller Type, the sub-segment i.e. Business Travellers will boost the High-end Tourism market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. Navigation will boost the High-end Tourism market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offerings, the sub-segment i.e. Amenities will boost the High-end Tourism market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand for High-End Tourists for Affluent Travellers and Increasing Demands for Unique and Exotic Experiences
Market Growth Drivers:
Rising Peoples' Inclination towards Luxury Travels and Emerging Travel and Tourism Industries across the Globe
Challenges:
Lack of Offerings by the High-end Tourism Service Providers
Restraints:
Concerned Related to Constantly Changing Government Travel Guidelines and 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
Market Leaders and their expansionary development strategies
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.
Key Target Audience
High-end Tourism services, Regulatory Bodies, Potential Investors, New Entrants, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.