Luxury travel market size to grow $703 billion by 2027

22-11-22

The Global Luxury Travel Market share is set to increase by USD 703.14 billion from 2022 to 2027. Moreover, the market's growth momentum will accelerate at a CAGR of 11.5% as per the latest market forecast report by Technavio. The market will also record a 10.35% Y-O-Y growth rate during the forecast period. 

Technavio categorizes the global luxury travel market as a part of the global hotels, resorts, and cruise lines market within the global hotels, restaurants, and leisure market.