North America and Western Europe lead the world’s
luxury travel market1 – accounting for 64% of global outbound
luxury trips despite only making up 18% of the world’s population. However, the
Compound Annual Growth Rate (CAGR) in luxury outbound trips for Asia Pacific
from 2011 – 2025, projected at 6.3%, will be higher than Europe (5.3%).
Leading the region are India and China, with a CAGR of 12.8% and 12.2%
respectively. India’s projected growth in luxury travel is the highest of the
25 countries explored in this report and presents great potential for luxury
travel investment over the coming decade ... Regional luxury travel market to outpace Europe’s - The Nation
luxury travel market1 – accounting for 64% of global outbound
luxury trips despite only making up 18% of the world’s population. However, the
Compound Annual Growth Rate (CAGR) in luxury outbound trips for Asia Pacific
from 2011 – 2025, projected at 6.3%, will be higher than Europe (5.3%).
Leading the region are India and China, with a CAGR of 12.8% and 12.2%
respectively. India’s projected growth in luxury travel is the highest of the
25 countries explored in this report and presents great potential for luxury
travel investment over the coming decade ... Regional luxury travel market to outpace Europe’s - The Nation
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