Industry Research

$2.5 Trillion: Hold on for the Luxury Travel Market Boom

News Reports
Posted on July 10, 2019
(Photo via Unsplash user Mindaugas Petrutis)

(Photo via Unsplash user Mindaugas Petrutis)

The global luxury travel market size is expected to reach $2.5 trillion by 2025, expanding at a CAGR (Compound Annual Growth Rate) of 4.6% over the forecast period, according to a new report by Grand View Research, Inc. Increasing disposable income and consumer spending of the middle and upper class, growing demand for the accumulation of travel memories, increase in micro-trips, and emerging tourism and corporate industries all across the globe are expected to drive the market.

Travel Daily Media article here

Related Topics: building your clientele, business opportunities, business trends, client markets, industry trends, luxury market trends, luxury travel, research and trends, retail markets

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