Opportunities in Luxury Tourism Scrutinised in WealthInsight Report Recently Published at MarketPublishers.com06 Apr 2016 • by Natalie Aster
LONDON – With a growing number of UHNWIs from different countries spending wealth on vacations, the world’s luxury tourism industry has started to grow at a swift pace not so long ago. In the USA, the wealthiest 5 percent spend approximately USD 3,120 per person per vacation, and the total figure stands at more than USD 390 billion per annum.
Female UHNWI is currently on the rise, thus offering significant opportunities to players in the luxury tourism marketplace. The female population grew by more than 5 percent over the recent years, while the male population posted 4.4 percent growth.
Married UHNWIs, having small and mid-sized families, act as the major force igniting the demand for family holidays.
UHNWIs aged above 50 also offer significant tourism to the world’s luxury tourism marketplace. In North America alone, they accounted for more than 64 percent of UHNWI population as of 2015. This figure in Europe and APAC reached 70 percent and 62 percent, respectively.
Social work also enjoys relatively high demand from UHNWI as a philanthropic holiday.
The research report “Opportunities in Luxury Tourism: Trends in UHNWI Demographics and Leisure Interests” developed by WealthInsight offers a comprehensive discussion of the world’s market for luxury tourism. The study identifies UHNWIs’ needs in the field of luxury tourism. It investigates market opportunities existing in the global luxury tourism marketplace, with trends in UHNW demographics as well as leisure interests included for different regions and key countries. The report investigates major opportunities existing in the luxury tourism market.
Opportunities in Luxury Tourism: Trends in UHNWI Demographics and Leisure Interests
Published: March, 2016
Price: US$ 3,800.00
Other markets and sectors investigated by the publisher comprise:
More other research studies by our market research partner are available at WealthInsight page.