Day: August 21, 2017

Why Is Luxury Car Rental Needed?

Luxury car rental has now become a grand scheme of the present age. Affording luxury-cars is quite a challenging thing. Therefore, hire of these cars has been recognized as the easiest option. Luxury-cars can be now hired for satisfying various special purposes.

Purposes Served By Luxury-Cars:

    • If you want to create a great impression in the mind of your corporate clients, then nothing can be the best option other than luxury car rental. You can, in fact, win great deals or projects just because of creating a great impression on your clients.
  • Wedding events or occasions can be now celebrated in quite a grand manner by hiring luxury-cars of your choice. Doing something special on your wedding day is a common desire, and this desire can be complemented only with luxury-cars.
  • If you are attending any promotional event or red-carpet event, then only luxury-cars can help you to get a great personality. Everybody’s eyes will be on you and your car at the events if you choose the option of luxury-car hire.

You can now spend your hours in great pleasure by hiring luxury-cars. Some of the special purposes served by these cars are dating, vacation and others.

Baby boomers tend to spend most on their travelling as travel is generally considered as the most preferred leisure activity in this group. The Caribbean and Europe are the most popular travel destinations among these travelers. Eco tourism, medical tourism, Second Honeymoon, adventure tourism, passion tourism and bucket list, are few of their major objectives for travelling.

Luxury Travel Industry Overview

Globally the market is poised to garner $1,154 billion by 2022, registering a CAGR of roughly 6.4% during the forecast slab 2016-2022. Luxury travel domain epitomizes most pleasing destinations, ultra luxurious accommodations, handy transport facilities, and genuine travel experience. Luxury travel strives to give exotic experience to its clients. Private jet planes, special menus, spas, private island rentals, and even private yacht are few of the unique services being offered to the clients.

The luxury travel market may be segmented on the verticals of types of tours, types of travelers, their age groups, and also geography. Based on type of tours, the market is additionally segmented into adventure & safari, customized & private vacations, cruise/ship expedition, celebration & special events, small group journey, and newest of all the culinary travel & shopping. In order to categorize the clients of Luxury travel market we take up four blocks – The millennial, The Generation x, the baby boomers, and lastly the silver hair. This market is further divided into traveler types, which is further divided in terms of varied level of luxury.

The market may further be analyzed across geographical regions namely Europe (Germany, France, Spain, Italy, and Rest of Europe), North America (U.S., Canada, and Mexico), Asia-Pacific (China, India, Singapore, and Rest of Asia-Pacific), and lastly the LAMEA (Latin America, Middle East, and Africa).

The baby boomers aged between 51 and 69 years mainly dominate luxury travel market, because of their relatively higher number of annual visits, highest of all disposable money and savings, and relatively lesser health constraints as compared to the next level i.e., of  silver hair population (seventy and above).