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Strategy Briefing

Global Luxury Travel Trends Report

43 pages, Feb 2017

US$1,325

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About This Report

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

The luxury travel industry is once again in the grip of major upheaval, with rising geopolitical tensions, such as the spill-over effects of the Middle East conflict, giving rise to mass migration and terrorist attacks. At the same time, luxury travel has entered a new phase, in which conspicuous consumption is giving way to conscientious consumption and more meaningful and “authentic” luxury travel experiences.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

Luxury overhaul

Luxury consumers continue to reassess their values and are increasingly focused on getting the most out of life. Luxury travel has entered a new phase, in which conspicuous consumption is giving way to conscientious consumption as well as a desire for wellbeing and luxury “experiences”.

Terrorism takes its toll on luxury tourism

Travel continues to be a target for terrorist attacks across the world. Atrocities cause a short, sharp decline, followed by a rebound. However, sustained and frequent attacks, as in Turkey and Egypt, have a more long-term effect.

Leisure travel growing

An increase in international leisure travel is expected within luxury travel, driven by growing tourism flows from emerging markets, in particular aspirational middle class consumers.

Seamless luxury travel experiences

Seamless luxury services require the establishment of up-to-date real-time interaction with all stakeholders servicing all stage of the passenger journey. Airlines are also reviewing the creation of more open ecosystems, which can support such a seamless experience.

Luxury in China spreading

Tier two and three cities in China are set to see more luxury hotel investment, as they become increasingly accessible and see large business flows.

Luxury wellness travel

Luxury wellness travel is on the rise, which has resulted in an increased number of traditional holidays and safari breaks being accompanied by meditation, fitness, yoga and spa services.

Luxury sharing economy going more mainstream

Luxury accommodation providers and start-ups are offering pay-as-you-go convenience by offering designer clothing to buy or rent in hotel rooms.

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Introduction

Scope luxury goods

Scope travel

Key findings

Personal Luxury Goods Industry Overview

Luxury goods sales reach USD390 b illion and are growing

Swings and roundabouts for key regional performance

Developed countries comprise the leading absolute growth markets

A game of musical chairs for leading luxury markets

India is the “true star” of Asia bucking BRIC market trends

Change at the top as China set to edge ahead of the US

Tricky terrain ahead for luxury brands

Travel Demand Drivers

Household wealth changes consumer attitudes and travel habits

Quality, personalised service and authenticity to feed consumer loyalty

The growing financial muscle of world’s super- rich, led by US

Half global wealth comprise the top 10 HNWI markets

Global wealth underwrites luxury lifestyle trends

Love luxury shopping, will travel

Luxury shopping destinations see drop in international luxury spend

Travel health prognosis

Regional differences a side, growth r emains on track

Source markets

Destinations on a geopolitical rollercoaster

Destination movers and shakers

Luxury Travel Update

China outbound still an opportunity for luxury travel and sales

Chinese spending on lodging remains comparatively conservative

China hotel market continues to shows budget preference…for now

….But China shows strong growth potential for luxury hotels

Luxury continues to leads global lodging growth

Value sales of luxury hotels across the globe

Reliance on the well-heeled tourist in developed markets continue

Luxury e xperience is everything

Experiential luxury travel: T he essence of personalisation

Luxury travel goods with built-in technology becomes increasingly visible

Conspicuous to conscious luxury: The sustainable luxury travel market

Luxury wellness travel: From medical to fitness and spiritual tourism

Luxury sneaker concierge to designer “walk-out” wardrobe

Report Definitions

Luxury goods definitions

Travel data parameters and definitions

Report definition and abbreviations

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Megatrends

Strategy Briefing

Global Luxury Travel Trends Report

New Report Guarantee

About This Report

New Report Guarantee

Overview

Why buy this report?

Luxury overhaul

Terrorism takes its toll on luxury tourism

Leisure travel growing

Seamless luxury travel experiences

Luxury in China spreading

Luxury wellness travel

Luxury sharing economy going more mainstream

Want to find out more about this report?

Table of Contents

Introduction

Scope luxury goods

Scope travel

Key findings

Personal Luxury Goods Industry Overview

Luxury goods sales reach USD390 b illion and are growing

Swings and roundabouts for key regional performance

Developed countries comprise the leading absolute growth markets

A game of musical chairs for leading luxury markets

India is the “true star” of Asia bucking BRIC market trends

Change at the top as China set to edge ahead of the US

Tricky terrain ahead for luxury brands

Travel Demand Drivers

Household wealth changes consumer attitudes and travel habits

Quality, personalised service and authenticity to feed consumer loyalty

The growing financial muscle of world’s super- rich, led by US

Half global wealth comprise the top 10 HNWI markets

Global wealth underwrites luxury lifestyle trends

Love luxury shopping, will travel

Luxury shopping destinations see drop in international luxury spend

Travel health prognosis

Regional differences a side, growth r emains on track

Source markets

Destinations on a geopolitical rollercoaster

Destination movers and shakers

Luxury Travel Update

China outbound still an opportunity for luxury travel and sales

Chinese spending on lodging remains comparatively conservative

China hotel market continues to shows budget preference…for now

….But China shows strong growth potential for luxury hotels

Luxury continues to leads global lodging growth

Value sales of luxury hotels across the globe

Reliance on the well-heeled tourist in developed markets continue

Luxury e xperience is everything

Experiential luxury travel: T he essence of personalisation

Luxury travel goods with built-in technology becomes increasingly visible

Conspicuous to conscious luxury: The sustainable luxury travel market

Luxury wellness travel: From medical to fitness and spiritual tourism

Luxury sneaker concierge to designer “walk-out” wardrobe

Report Definitions

Luxury goods definitions

Travel data parameters and definitions

Report definition and abbreviations

Why buy this report?

Want to find out more about this report?

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