Luxury travel market to reach nearly $40 Billion by 2028
The luxury travel market size was valued at $22.2 billion in 2021, and it is anticipated to reach nearly $40 billion by 2028, registering a CAGR of about 8.4% during the forecast period (2022–2028).
The luxury travel market is expected to be driven by rising middle-and upper-class disposable income and consumer spending, rising demand for accumulating travel memories, and an increase in micro trips.