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Total internal luxury tourism revenue of trending travel destinations in 2020 and 2024 (in billion U.S. dollars)

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Source

Release date

March 2021

Region

Worldwide

Survey time period

2020

Special properties

Forecast

Supplementary notes

Internal luxury tourism revenue is defined as the revenues of a country generated by domestic and inbound international high net worth individuals (HNWI) through the acquisition of consumer goods, services, and valuables for and during trips. HNWIs have a net asset of over one million U.S. dollars and spend an average of 2,300 U.S. dollars per travel day.

Figures have been rounded.

Citation formats

Luxury tourism revenue of trending travel destinations 2020-2024

Published by ÌÇÐÄÆƽâ°æ Research Department, Mar 5, 2021

In 2020, the revenues generated by luxury tourism in the United States were estimated at about billion U.S. dollars, over two times the luxury tourism revenues predicted for China by a ÌÇÐÄÆƽâ°æ study on the topic. Meanwhile, the leading country for the tourism sector in Latin America, Mexico, registered revenues of approximately billion U.S. dollars in the luxury tourism segment in 2020. By 2024, all listed countries could see significant increases in luxury tourism revenues, though Germany is anticipated to have the highest growth, with nearly *** percent.

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