Inquire Before Buying
Speak to an Analyst 
Request Brochure 
Request CustomizationIMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.
Read More
Australia Luxury Travel Market Report by Type of Tour (Customized and Private Vacation, Adventure and Safari, Cruise and Ship Expedition, Small Group Journey, Celebration and Special Event, Culinary Travel and Shopping, and Others), Age Group (Millennial (21-30), Generation X (31-40), Baby Boomers (41-60), Silver Hair (60 and above)), Type of Traveller (Absolute Luxury, Aspiring Luxury, Accessible Luxury), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A24729
Year End
sale
Buy Now
Australia Luxury Travel Market Overview:
The Australia luxury travel market size reached USD 37.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 70 Billion by 2032, exhibiting a growth rate (CAGR) of 6.60% during 2024-2032. The market is experiencing robust growth, driven by rapid population growth, rising demand for personalized and sustainable travel experiences, increased interest in wellness retreats, continual technological advancements in booking services, and an increasing focus on unique culinary and multi-generational travel experiences.
|
Report Attribute
|
Key Statistics
|
|---|---|
|
Base Year
|
2023
|
|
Forecast Years
|
2024-2032
|
|
Historical Years
|
2018-2023
|
| Market Size in 2023 | USD 37.4 Billion |
| Market Forecast in 2032 | USD 70 Billion |
| Market Growth Rate 2024-2032 | 6.60% |
Australia Luxury Travel Market Trends:
Growing Affluent Population
With an increasing number of high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs), there is a greater demand for exclusive travel experiences. These individuals are seeking tailored vacations that offer privacy, personalized services, and unique destinations. The economic stability in Australia, coupled with favorable investment conditions, has allowed a larger portion of the population to indulge in luxury travel. Wealthier individuals prioritize comfort and premium services, thus opting for high-end resorts, private jets, and personalized tours. This shift in consumer behavior is fostering growth in luxury travel agencies and exclusive travel offerings designed to meet the sophisticated tastes of the affluent class.
Rise of sustainable luxury travel
Sustainable luxury travel is also one of the fastest-growing segments in Australian luxury travel market. Luxury travelers are becoming more aware of the environment and, therefore, looking for green suites and responsibility. The trend towards sustainable consumption and ecologically oriented tourism in Australia complies with this segment’s philosophy, which attracts luxury lovers who do not want to harm the environment. New trendy concepts such as luxury eco-resorts, wildlife tourism with focus on conservation and carbon-neutral travel products are emerging. Furthermore, luxury travel providers are adopting sustainable measures, which include the use of local resources and sustainable eating plans. This shift to more sustainable and premium travel experiences is shaping the industry and creating a positive outlook for the market.
Technological advancements in travel services
With the advent of high-end digital platforms, luxury travelers can easily book personalized services such as private jets, premium accommodations, and exclusive tours with just a few clicks. Mobile apps offering virtual travel concierge services, real-time itinerary management, and seamless communication with travel providers are enhancing the luxury experience. These platforms allow travelers to curate every aspect of their journey with ease. Moreover, virtual reality (VR) technology is being used by luxury travel agencies to provide immersive previews of exclusive destinations, allowing clients to preview their vacations before booking. These tech-driven enhancements are improving the customer experience and driving demand for luxury travel.
Australia Luxury Travel Market News:
- On 11 May 2023, Flight Centre Travel Group FCTG announced the acquisition of luxury travel event, ‘Luxperience’ from event management specialists. Luxperience will be part of the Group’s Luxury Travel Collection, alongside brands like Travel Associates and Scott Dunn, and will continue to operate independently, maintaining its own identity without being aligned with any specific brand, similar to those businesses.
- On 31st August 2023, The Australian, a prominent national daily newspaper in Australia, launched a redesigned "Travel + Luxury Weekend" section, enhancing its weekend offerings to focus on high-end travel, fashion, and lifestyle content. This new-look section aims to cater to readers with an interest in premium experiences, featuring top destinations, exclusive resorts, and luxury brands. The move aligns with the newspaper’s broader strategy to enrich its content portfolio and appeal to affluent audiences.
Australia Luxury Travel Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on type of tour, age group, and type of traveller.
Type of Tour Insights:
- Customized and Private Vacation
- Adventure and Safari
- Cruise and Ship Expedition
- Small Group Journey
- Celebration and Special Event
- Culinary Travel and Shopping
- Others
The report has provided a detailed breakup and analysis of the market based on the type of tour. This includes customized and private vacation, adventure and safari, cruise and ship expedition, small group journey, celebration and special event, culinary travel and shopping, and others.
Age Group Insights:
- Millennial (21-30)
- Generation X (31-40)
- Baby Boomers (41-60)
- Silver Hair (60 and above)
A detailed breakup and analysis of the market based on the age group have also been provided in the report. This includes millennial (21-30), generation x (31-40), baby boomers (41-60), and silver hair (60 and above).
Type of Traveller Insights:
- Absolute Luxury
- Aspiring Luxury
- Accessible Luxury
The report has provided a detailed breakup and analysis of the market based on the type of traveller. This includes absolute luxury, aspiring luxury, and accessible luxury.
Regional Insights:
- Australia Capital Territory & New South Wales
- Victoria & Tasmania
- Queensland
- Northern Territory & Southern Australia
- Western Australia
The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Australia Luxury Travel Market Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | USD Billion |
| Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
| Type of Tours Covered | Customized and Private Vacation, Adventure and Safari, Cruise and Ship Expedition, Small Group Journey, Celebration and Special Event, Culinary Travel and Shopping, Others |
| Age Groups Covered | Millennial (21-30), Generation X (31-40), Baby Boomers (41-60), Silver Hair (60 and above) |
| Type of Travellers Covered | Absolute Luxury, Aspiring Luxury, Accessible Luxury |
| Regions Covered | Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, Western Australia |
| Customization Scope | 10% Free Customization |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the Australia luxury travel market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Australia luxury travel market?
- What is the breakup of the Australia luxury travel market on the basis of type of tour?
- What is the breakup of the Australia luxury travel market on the basis of age group?
- What is the breakup of the Australia luxury travel market on the basis of type of traveller?
- What are the various stages in the value chain of the Australia luxury travel market?
- What are the key driving factors and challenges in the Australia luxury travel?
- What is the structure of the Australia luxury travel market and who are the key players?
- What is the degree of competition in the Australia luxury travel market?
Key Benefits for Stakeholders:
- IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia luxury travel market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia luxury travel market.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia luxury travel industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
Benefits of Customization
Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization
Get in Touch With Us
UNITED STATES
Phone: +1-631-791-1145
INDIA
Phone: +91-120-433-0800
UNITED KINGDOM
Phone: +44-753-714-6104
Email: sales@imarcgroup.com
Client Testimonials
The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required
Read More
We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra
Read More
Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.
Read More.webp)
We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.
Read More
The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.
Read More
The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.
Read More
My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.
Read More
I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.
Read More.webp){kind=logo}
We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.
Read More
IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.
Read More
IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.
Read More
I wanted to express my sincere appreciation for your efforts in handling this matter. Your dedication and commitment have truly been commendable. It is evident that you have put in a tremendous amount of hard work and expertise into resolving the issues at hand. I would also like to take this opportunity to inform you that we are greatly interested
Read More
Overall, the deliverable was well organized and my experience with the project team was good. In particular, I appreciated how they responded when I requested additional information and the Japanese version.
Read More
The IMARC team were extremely professional and very cooperative. The team were also extremely flexible in making changes and modifications wherever required. The entire experience right from project kick-off to after sales support was fruitful and smooth.
Read More
I’d like to express my gratitude for the work you accomplished with the industry report. The way you responded to the requirements and delivered under tight timelines shows your expertise, exceptional work ethic and commitment to your customer’s success. The entire team and company are incredibly thankful for your dedication. Once again, thank you
Read More
The market reports from IMARC have been instrumental in guiding our business strategies. We found the reports comprehensive and data-driven, which helped us make informed decisions. The detailed insights and actionable data have consistently provided us with a competitive edge in a rapidly changing alcohol market.
Read More
One of the best things about IMARC is their flexibility and predisposition to tailor the reports and adapt to our needs. They are not just great in their researching and consulting solutions, but their service is unparallelled. We’ve worked with them a couple of times and we will keep working with them in future projects.
Read More
We recently commissioned multiple market research reports from IMARC, and the insights we received were invaluable. The depth of analysis, accuracy of data, and actionable recommendations have greatly enhanced our strategic decision-making.
Read More
The market estimates provided by your team were pretty much in line with what we were theorizing internally. Really appreciate the work on this.
Read More
The sale account manager and the service was excellent. The data and market trends gathered from the report was insightful and really assisted while planning future product and growth strategies.
Read More
The report is excellent and has good amount of data and our team is extremely happy with the information provided.
Read More
Thank you very much for your cooperation and post purchase support. We were really happy with the final deliverable, and the takeaways from the report.
Read More