Monaker Group’s (MKGI) Maupintour, an Active Presence on Fast-Growing Luxury Travel Market
The luxury travel market has been growing faster than overall travel in recent years, fueled by global consumers’ increasing tendencies to spend their income on life experiences rather than material goods. The trend is likely to continue over the next decade, with new business opportunities and challenges for leading providers of luxury tours such as Monaker Group, Inc.’s (OTCQB: MKGI) Maupintour.
Luxury travel had a compound annual growth rate of 4.5% between 2011 and 2015, and this growth is likely to continue at an even faster rate over the next decade. It is expected that luxury trips (http://dtn.fm/l2C0D) will grow at a compound annual growth rate of 6.2% through 2025, while overall travel will grow at a rate of 4.8%. The main catalyst for this growth is consumers’ general desire for more rewarding experiences achieved via travel, therefore leading to improved tourism industry standards and services.
It is worth noting that nowadays, the definition of luxury travel is less strict than before, relating more to personalized experiences and top notch services rather than the outdated image of sipping martinis by the pool or simply going on a luxury cruise to exotic destinations. The idea of excitement and the promise of unique experiences are essential to luxury tourism nowadays, while the desire for high-quality service and exclusive privacy and security remains a significant component.
North America and Western Europe are still the most popular destinations for luxury travelers, accounting for 64% of worldwide outbound luxury trips. However, the Asia Pacific luxury market is growing at an accelerated rate, outpacing the overall growth of the European market. India’s luxury travel market is also growing fast, with a compound annual growth rate of 13%.
All of these destinations are currently included on the list of luxury tours offered by Maupintour, a company with 65 years of experience in offering luxury and customizable private tours to the best destinations in the world. Some of the top luxury tours on the company’s roster this fall include a 9-day tour of traditional Christmas markets – Austria and Germany, a 12-day tour of China’s top tourist and historic sites, and a 10-day tour of Athens and the Greek Islands.
Since it was founded by Tom Maupin in Lawrence, Kansas, Maupintour has built a name for itself as an innovative, forward-thinking travel company with a reputation for creating unique, outstanding itineraries. In 1956, it was the first company to organize tours to the Soviet Union after World War II. Maupintour’s commitment to its core principles and traditions of leadership, variety, quality, value, service and fulfilling all its travelers’ dreams have made it a leading provider of luxury travel services with the highest repeat customer rate in the industry.
Maupintour is just one of the travel-focused companies currently owned by Monaker Group. The group’s flagship is NextTrip.com, a real-time booking platform that allows travelers access to both alternative lodging rentals and traditional hotel accommodation, as well as to other travel services such as airline booking or car rentals.
For more information, visit www.MonakerGroup.com
Please read full disclaimers at http://disclaimer.missionir.com
The luxury travel market has been growing faster than overall travel in recent years, fueled by global consumers’ increasing tendencies to spend their income on life experiences rather than material goods. The trend is likely to continue over the next decade, with new business opportunities and challenges for leading providers of luxury tours such as Monaker Group, Inc.’s (OTCQB: MKGI) Maupintour.
Luxury travel had a compound annual growth rate of 4.5% between 2011 and 2015, and this growth is likely to continue at an even faster rate over the next decade. It is expected that luxury trips (http://dtn.fm/l2C0D) will grow at a compound annual growth rate of 6.2% through 2025, while overall travel will grow at a rate of 4.8%. The main catalyst for this growth is consumers’ general desire for more rewarding experiences achieved via travel, therefore leading to improved tourism industry standards and services.
It is worth noting that nowadays, the definition of luxury travel is less strict than before, relating more to personalized experiences and top notch services rather than the outdated image of sipping martinis by the pool or simply going on a luxury cruise to exotic destinations. The idea of excitement and the promise of unique experiences are essential to luxury tourism nowadays, while the desire for high-quality service and exclusive privacy and security remains a significant component.
North America and Western Europe are still the most popular destinations for luxury travelers, accounting for 64% of worldwide outbound luxury trips. However, the Asia Pacific luxury market is growing at an accelerated rate, outpacing the overall growth of the European market. India’s luxury travel market is also growing fast, with a compound annual growth rate of 13%.
All of these destinations are currently included on the list of luxury tours offered by Maupintour, a company with 65 years of experience in offering luxury and customizable private tours to the best destinations in the world. Some of the top luxury tours on the company’s roster this fall include a 9-day tour of traditional Christmas markets – Austria and Germany, a 12-day tour of China’s top tourist and historic sites, and a 10-day tour of Athens and the Greek Islands.
Since it was founded by Tom Maupin in Lawrence, Kansas, Maupintour has built a name for itself as an innovative, forward-thinking travel company with a reputation for creating unique, outstanding itineraries. In 1956, it was the first company to organize tours to the Soviet Union after World War II. Maupintour’s commitment to its core principles and traditions of leadership, variety, quality, value, service and fulfilling all its travelers’ dreams have made it a leading provider of luxury travel services with the highest repeat customer rate in the industry.
Maupintour is just one of the travel-focused companies currently owned by Monaker Group. The group’s flagship is NextTrip.com, a real-time booking platform that allows travelers access to both alternative lodging rentals and traditional hotel accommodation, as well as to other travel services such as airline booking or car rentals.
For more information, visit www.MonakerGroup.com
Please read full disclaimers at http://disclaimer.missionir.com
