Global Luxury Safari Tourism Market 2019 by Company, Regions, Type and Application, Forecast to 2024
The report will make detailed analysis mainly on in-depth research on the development environment, Market size, development trend, operation situation and future development trend of Luxury Safari Tourism Market on the basis of stating current situation of the industry in 2020.
The global Luxury Safari Tourism market is valued at 1184.6 million USD in 2018 and is expected to reach 1713.1 million USD by the end of 2024, growing at a CAGR of 7.7% between 2019 and 2024.
For this report, we undertook primary and secondary research in association with Tourism Economics, Amadeus Travel Intelligence, Connections Events, The Telegraph and various industry experts. Approaches include: analysing tourism Economics estimations of the number of outbound luxury trips from each region between 2014 and the present (using an arrival definition), and projected growth patterns until 2025. To compare the growth in overall travel with the growth in luxury travel, luxury traveller were defined as those with an annual household income of more than $350,000, and bookings arrivals order costs more than $3000 per person made by these traveller were deemed as luxury trips. Luxury travel today is defined less by thread count and Michelin stars and more by access to the people, places and experiences that represent all that is authentic about a destination.
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The following Companies are covered
Wilderness, TUI Group, &Beyond, Thomas Cook Group, Abercrombie & Kent Ltd, Micato Safaris, Singita, Cox & Kings Ltd, Great Plains, Gamewatchers Safaris, Scott Dunn, Backroads, Rothschild Safaris, Butterfield & Robinson, Travcoa, Zicasso
Theres no denying that comfort factors still apply and high standards of accommodation and dining will always feature on the luxury travellers wish list. However, todays luxury traveller seeks more depth of understanding and immersion into local culture than ever before. People dont just want to see they want to participate. The sales process is also critical and whilst the online proposition can be an asset in terms of booking more simple arrangements, clients looking for luxury experiential travel require a deep level of sophisticated knowledge and confidence during the sales process.
Market Segmentation by Types: Adventure Travel, Personalized Vacations, Others
Market Segmentation by Applications: Millennial, Generation X, Baby Boomers, Others
Scope of the Report:
The Adventure Travel segment accounted for about 71.12% of the overall Luxury Safari Tourism market revenue, by tour type in 2018, as this is identified as the most popular vacation option among young and middle age group travelers. In addition, Personalized Vacations aimed at Safari, would witness the fastest growth, registering a CAGR of 8.6% during the forecast period. An increasing number of Luxury Safari Tourismers are indulging in these tours as they enable these travelers to experience the finest local delicacies and also buy some of the most exquisite handicrafts. These trips are getting popular among travelers of all age groups, especially the millennials (21 – 30 years).
Millennial segment is projected to hold the highest market share in the overall Luxury Safari Tourism market, by age group, as they have been identified as the highest travel spenders. However, it has been identified that only 5-10% marketing is targeted at this traveler segment. Luxury Safari Tourism market has a huge growth potential and would see immense demand from the emerging markets. Exposure to social media, growing disposable income and easy visa availability are some of the factors which are propelling the growth of the market. Nowadays, Luxury Safari Tourismers are seeking unique traveling experience, thus opting for exotic and unexplored destinations.
The Main objectives of this report are:
- To analyze global Luxury Safari Tourism status, future forecast, growth opportunity, key market and key players.
- To present the Luxury Safari Tourism development in United States, Europe and China.
- To strategically profile the key players and comprehensively analyze their development plan and strategies.
- To define, describe and forecast the market by product type, market and key regions.
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The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the report’s an invaluable resource for industry executives, Marketing, Sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Table of Contents:-
- Global Luxury Safari Tourism Market Overview
- Global Luxury Safari Tourism Market Competitions by Manufacturers
- Global Luxury Safari Tourism Capacities, Production, Revenue (Value) by Region
- Global Luxury Safari Tourism Supply (Production), Consumption, Export, Import by Region
- Global Luxury Safari Tourism Productions, Revenue (Value), Price Trend by Type
- Global Luxury Safari Tourism Market Analyses by Application
- Global Luxury Safari Tourism Manufacturers Profiles/Analysis
- Luxury Safari Tourism Manufacturing Cost Analysis
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analyses, Distributors/Traders
- Market Effect Factors Analysis
- Global Luxury Safari Tourism Market Forecast
- Research Findings and Conclusion
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