With the increase in surplus income and the change of social class from the middle to the affluent class, there is more demand, especially for personalized services, compared to the past. In addition, the role of emerging tourism industries should not be overlooked. Generally, politically stable conditions around the world and the insignificance of issues such as sexual orientation, race, skin color, and other factors in issuing tourist visas have expanded the luxury travel market.
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Market / Industry segment of luxury travel
| Base Year | Market size(T$) | Duration(YEAR) | CAGR(%) | Source Name |
| 2018 | 1.8 | 7 | 4.60% | Grand view research |
| 2018 | 1.8 | 8 | 4.60% | Million Insights |
| 2020 | 0.927 | 7 | 5.30% | Globe news wire |
| 2019 | 0.949 | 7 | 7.90% | Allied market research |
| 2018 | 1.8 | 7 | 4.60% | PR news wire |
Influencing factors that changes market size of luxury travel
The size of the market value changes under the influence of many factors; the increase and decrease in the rate of these influential factors leads to changes in the value of the market size, which is provided by direct and reverse drivers in the market of luxury travel.
Direct drivers:
- Influence of social networks
- Lifestyle change
- Increase of surplus income
Reverse drivers:
- Increase of wealth tax
- War and insecurity
- outbreak of infectious diseases
Your startup has crossed Death Valley, and it has had at least 2 funding rounds? Discounted Cash Flows (DCF)
Your startup has had at least one funding round, you are advised to use Multiples method for valuation.
Your startup is at pre-seed and seed funding rounds, you are advised to use the Score Cards Method, Risk Factors Summation method to value your startup.
The following risks may threaten this market.
In all different markets and industries, risk is always one of the factors that business founders should be sufficiently aware of. The first step is risk assessment is identification of risks in the market in order to perform risk management. The market of luxury travel may also be threatened by following risks:
- International risk
- Reputation risk
- Political risk
