Global Luxury Safari Tourism Market Growth (Status and Outlook) 2023-2029

Global Luxury Safari Tourism Market Growth (Status and Outlook) 2023-2029

Product Code:455322

Published Date: Feb 08,2023

Pages: 110

Region: Global

Category: Consumer Goods

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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.

LPI (LP Information)' newest research report, the “Luxury Safari Tourism Industry Forecast” looks at past sales and reviews total world Luxury Safari Tourism sales in 2022, providing a comprehensive analysis by region and market sector of projected Luxury Safari Tourism sales for 2023 through 2029. With Luxury Safari Tourism sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Luxury Safari Tourism industry.

This Insight Report provides a comprehensive analysis of the global Luxury Safari Tourism landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Luxury Safari Tourism portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Luxury Safari Tourism market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Luxury Safari Tourism and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Luxury Safari Tourism.

The global Luxury Safari Tourism market size is projected to grow from US$ 1428.2 million in 2022 to US$ 2478.9 million in 2029; it is expected to grow at a CAGR of 8.2% from 2023 to 2029.

Global Luxury Safari Tourism key players include Wilderness, TUI Group, &Beyond, Thomas Cook Group, Abercrombie & Kent Ltd, etc. Global top five manufacturers hold a share over 35%.

South Africa is the largest market, with a share over 15%, followed by Botswana and Kenya, both have a share about 30 percent. 
In terms of product, Adventure Travel is the largest segment, with a share about 70%. And in terms of application, the largest application is Generation X, followed by Millennial.

This report presents a comprehensive overview, market shares, and growth opportunities of Luxury Safari Tourism market by product type, application, key players and key regions and countries.

Market Segmentation:
Segmentation by type
    Adventure Travel
    Personalized Vacations
    Others

Segmentation by application
    Millennial
    Generation X
    Baby Boomers
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    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