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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. There’s no denying that comfort factors still apply and high standards of accommodation and dining will always feature on the luxury traveller’s wish list. However, today’s luxury traveller seeks more depth of understanding and immersion into local culture than ever before. People don’t 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.
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.
According to this study, over the next five years the Luxury Safari Tourism market will register a 8.3% CAGR in terms of revenue, the global market size will reach US$ 1677.9 million by 2024, from US$ 1126.3 million in 2019. In particular, this report presents the global revenue market share of key companies in Luxury Safari Tourism business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Luxury Safari Tourism market by product type, application, key companies and key regions.
This study considers the Luxury Safari Tourism value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Adventure Travel
Personalized Vacations
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Millennial
Generation X
Baby Boomers
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
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
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Luxury Safari Tourism market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Luxury Safari Tourism market by identifying its various subsegments.
Focuses on the key global Luxury Safari Tourism players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Luxury Safari Tourism with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Luxury Safari Tourism submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
Table of Contents
2019-2024 Global Luxury Safari Tourism Market Report (Status and Outlook)
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Luxury Safari Tourism Market Size 2014-2024
2.1.2 Luxury Safari Tourism Market Size CAGR by Region
2.2 Luxury Safari Tourism Segment by Type
2.2.1 Adventure Travel
2.2.2 Personalized Vacations
2.2.3 Others
2.3 Luxury Safari Tourism Market Size by Type
2.3.1 Global Luxury Safari Tourism Market Size Market Share by Type (2014-2019)
2.3.2 Global Luxury Safari Tourism Market Size Growth Rate by Type (2014-2019)
2.4 Luxury Safari Tourism Segment by Application
2.4.1 Millennial
2.4.2 Generation X
2.4.3 Baby Boomers
2.4.4 Others
2.5 Luxury Safari Tourism Market Size by Application
2.5.1 Global Luxury Safari Tourism Market Size Market Share by Application (2014-2019)
2.5.2 Global Luxury Safari Tourism Market Size Growth Rate by Application (2014-2019)
3 Global Luxury Safari Tourism by Players
3.1 Global Luxury Safari Tourism Market Size Market Share by Players
3.1.1 Global Luxury Safari Tourism Market Size by Players (2017-2019)
3.1.2 Global Luxury Safari Tourism Market Size Market Share by Players (2017-2019)
3.2 Global Luxury Safari Tourism Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Luxury Safari Tourism by Regions
4.1 Luxury Safari Tourism Market Size by Regions
4.2 Americas Luxury Safari Tourism Market Size Growth
4.3 APAC Luxury Safari Tourism Market Size Growth
4.4 Europe Luxury Safari Tourism Market Size Growth
4.5 Middle East & Africa Luxury Safari Tourism Market Size Growth
5 Americas
5.1 Americas Luxury Safari Tourism Market Size by Countries
5.2 Americas Luxury Safari Tourism Market Size by Type
5.3 Americas Luxury Safari Tourism Market Size by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Key Economic Indicators of Few Americas Countries
6 APAC
6.1 APAC Luxury Safari Tourism Market Size by Countries
6.2 APAC Luxury Safari Tourism Market Size by Type
6.3 APAC Luxury Safari Tourism Market Size by Application
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 Key Economic Indicators of Few APAC Countries
7 Europe
7.1 Europe Luxury Safari Tourism by Countries
7.2 Europe Luxury Safari Tourism Market Size by Type
7.3 Europe Luxury Safari Tourism Market Size by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
7.9 Spain
7.10 Key Economic Indicators of Few Europe Countries
8 Middle East & Africa
8.1 Middle East & Africa Luxury Safari Tourism by Countries
8.2 Middle East & Africa Luxury Safari Tourism Market Size by Type
8.3 Middle East & Africa Luxury Safari Tourism Market Size by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers and Impact
9.1.1 Growing Demand from Key Regions
9.1.2 Growing Demand from Key Applications and Potential Industries
9.2 Market Challenges and Impact
9.3 Market Trends
10 Global Luxury Safari Tourism Market Forecast
10.1 Global Luxury Safari Tourism Market Size Forecast (2019-2024)
10.2 Global Luxury Safari Tourism Forecast by Regions
10.2.1 Global Luxury Safari Tourism Forecast by Regions (2019-2024)
10.2.2 Americas Market Forecast
10.2.3 APAC Market Forecast
10.2.4 Europe Market Forecast
10.2.5 Middle East & Africa Market Forecast
10.3 Americas Forecast by Countries
10.3.1 United States Market Forecast
10.3.2 Canada Market Forecast
10.3.3 Mexico Market Forecast
10.3.4 Brazil Market Forecast
10.4 APAC Forecast by Countries
10.4.1 China Market Forecast
10.4.2 Japan Market Forecast
10.4.3 Korea Market Forecast
10.4.4 Southeast Asia Market Forecast
10.4.5 India Market Forecast
10.4.6 Australia Market Forecast
10.5 Europe Forecast by Countries
10.5.1 Germany Market Forecast
10.5.2 France Market Forecast
10.5.3 UK Market Forecast
10.5.4 Italy Market Forecast
10.5.5 Russia Market Forecast
10.5.6 Spain Market Forecast
10.6 Middle East & Africa Forecast by Countries
10.6.1 Egypt Market Forecast
10.6.2 South Africa Market Forecast
10.6.3 Israel Market Forecast
10.6.4 Turkey Market Forecast
10.6.5 GCC Countries Market Forecast
10.7 Global Luxury Safari Tourism Forecast by Type
10.8 Global Luxury Safari Tourism Forecast by Application
11 Key Players Analysis
11.1 Wilderness
11.1.1 Company Details
11.1.2 Luxury Safari Tourism Product Offered
11.1.3 Wilderness Luxury Safari Tourism Revenue, Gross Margin and Market Share (2017-2019)
11.1.4 Main Business Overview
11.1.5 Wilderness News
11.2 TUI Group
11.2.1 Company Details
11.2.2 Luxury Safari Tourism Product Offered
11.2.3 TUI Group Luxury Safari Tourism Revenue, Gross Margin and Market Share (2017-2019)
11.2.4 Main Business Overview
11.2.5 TUI Group News
11.3 &Beyond
11.3.1 Company Details
11.3.2 Luxury Safari Tourism Product Offered
11.3.3 &Beyond Luxury Safari Tourism Revenue, Gross Margin and Market Share (2017-2019)
11.3.4 Main Business Overview
11.3.5 &Beyond News
11.4 Thomas Cook Group
11.4.1 Company Details
11.4.2 Luxury Safari Tourism Product Offered
11.4.3 Thomas Cook Group Luxury Safari Tourism Revenue, Gross Margin and Market Share (2017-2019)
11.4.4 Main Business Overview
11.4.5 Thomas Cook Group News
11.5 Abercrombie & Kent Ltd
11.5.1 Company Details
11.5.2 Luxury Safari Tourism Product Offered
11.5.3 Abercrombie & Kent Ltd Luxury Safari Tourism Revenue, Gross Margin and Market Share (2017-2019)
11.5.4 Main Business Overview
11.5.5 Abercrombie & Kent Ltd News
11.6 Micato Safaris
11.6.1 Company Details
11.6.2 Luxury Safari Tourism Product Offered
11.6.3 Micato Safaris Luxury Safari Tourism Revenue, Gross Margin and Market Share (2017-2019)
11.6.4 Main Business Overview
11.6.5 Micato Safaris News
11.7 Singita
11.7.1 Company Details
11.7.2 Luxury Safari Tourism Product Offered
11.7.3 Singita Luxury Safari Tourism Revenue, Gross Margin and Market Share (2017-2019)
11.7.4 Main Business Overview
11.7.5 Singita News
11.8 Cox & Kings Ltd
11.8.1 Company Details
11.8.2 Luxury Safari Tourism Product Offered
11.8.3 Cox & Kings Ltd Luxury Safari Tourism Revenue, Gross Margin and Market Share (2017-2019)
11.8.4 Main Business Overview
11.8.5 Cox & Kings Ltd News
11.9 Great Plains
11.9.1 Company Details
11.9.2 Luxury Safari Tourism Product Offered
11.9.3 Great Plains Luxury Safari Tourism Revenue, Gross Margin and Market Share (2017-2019)
11.9.4 Main Business Overview
11.9.5 Great Plains News
11.10 Gamewatchers Safaris
11.10.1 Company Details
11.10.2 Luxury Safari Tourism Product Offered
11.10.3 Gamewatchers Safaris Luxury Safari Tourism Revenue, Gross Margin and Market Share (2017-2019)
11.10.4 Main Business Overview
11.10.5 Gamewatchers Safaris News
11.11 Scott Dunn
11.12 Backroads
11.13 Rothschild Safaris
11.14 Butterfield & Robinson
11.15 Travcoa
11.16 Zicasso
12 Research Findings and Conclusion
List of Tables and Figures
Table Product Specifications of Luxury Safari Tourism
Figure Luxury Safari Tourism Report Years Considered
Figure Market Research Methodology
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