The luxury travel market in France is expected to reach $ 53.63 billion by 2030, according to AMR – .

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The luxury travel market in France is expected to reach $ 53.63 billion by 2030, according to AMR – .



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The growing inclination of people towards unique and exotic vacation experiences, the increasing spending of the middle and upper classes, the growing trend of online bookings and the rise of social media and their impact on the travel industry is stimulating the growth of the luxury travel market in France. Depending on the type of tour, the adventure and safari segment represented the main share in 2020. On the other hand, depending on the type of traveler, the absolute luxury segment would remain lucrative by 2030.
Portland, OR, October 26, 2021 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, the Luxury travel market in France was estimated at $ 4.21 billion in 2020 and is expected to reach $ 53.63 billion by 2030, registering a CAGR of 20.4% from 2021 to 2030. The report provides an in-depth analysis of the major pockets of investment, best winning strategies, drivers and opportunities, market size and estimates, competitive scenario and hesitant market trends.

The growing inclination of people towards unique and exotic vacation experiences, the increasing spending of the middle and upper classes, the growing trend of online bookings and the rise of social media and their impact on the travel industry is stimulating the growth of the luxury travel market in France. On the other hand, varying socio-economic conditions and the impact of natural parameters restrict growth to some extent. However, new emerging destinations and the demand for improved service standards are expected to create lucrative opportunities in the industry.

Get a detailed analysis of the impact of COVID-19 on the Luxury travel market in France @ https://www.alliedmarketresearch.com/request-for-customization/13798?reqfor=covid

COVID-19 scenario-

  • The tourism industry was hit hardest during the pandemic, and the French luxury travel market was no exception in this regard either.
  • However, as the global situation improves, the market is expected to pick up soon.

The luxury travel market in France is analyzed by type of tour, age group and type of traveler.

Depending on the type of tour, the adventure and safari segment accounted for the largest share in 2020, holding more than two-fifths of the total market. The personalized and private vacation segment, however, would increase at the fastest CAGR of 22.4% throughout the forecast period.

Based on age group, the 41-60 segment generated the highest share in 2020, accounting for around one-third of the total market. The 21-30 age segment, on the other hand, is expected to post the fastest CAGR of 22.1% from 2021 to 2030..

Depending on the type of traveler, the absolute luxury segment held the lion’s share in 2020, accounting for more than two-fifths of the total market. The same segment is also expected to boast the fastest CAGR of 20.8% by the end of 2030. Other segments studied in the report include budding luxury and affordable luxury.

Download a sample copy of the report @ https://www.alliedmarketresearch.com/request-sample/13798

Major market players analyzed in the France Luxury Market report include Cox and Kings Ltd, TUI Group, Voyageurs Du Monde, Prestige Voyages, Abercrombie & Kent Ltd, Kuoni, Voyages Confidential, Ponant, Asia.Fr and Beachcomber . These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures and others to strengthen their position in the industry.

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Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of “market research reports” and “business intelligence solutions”. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

We have professional relationships with various companies, which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. Pawan Kumar, PDG d’Allied Market Research is essential in inspiring and encouraging everyone associated with the business to maintain high quality data and to help customers in every way possible to be successful. Each of the data presented in the reports we publish is extracted through primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.

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