The luxury tourism revenue generated in the United States was estimated to have dropped by 36 percent in 2020 due to the impact of the COVID-19 pandemic, according to a Statista study. This U.S. tourism segment could take up to three years to reach a revenue level similar to the one recorded prior to the pandemic. However, the domestic market is still expected to maintain the largest share of the country's luxury tourism revenue.
Luxury tourism revenue in the United States from 2019 to 2024, by market
(in billion U.S. dollars)
A country's luxury tourism revenue is defined as income generated by domestic and inbound international high-net-worth individuals (HNWIs) through the acquisition of consumer goods, services, and valuables for and during trips. HNWIs have net assets over one million U.S. dollars.
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Statista. (March 5, 2021). Luxury tourism revenue in the United States from 2019 to 2024, by market (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1071568/united-states-luxury-tourism-revenue-origin/
Statista. "Luxury tourism revenue in the United States from 2019 to 2024, by market (in billion U.S. dollars)." Chart. March 5, 2021. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1071568/united-states-luxury-tourism-revenue-origin/
Statista. (2021). Luxury tourism revenue in the United States from 2019 to 2024, by market (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1071568/united-states-luxury-tourism-revenue-origin/
Statista. "Luxury Tourism Revenue in The United States from 2019 to 2024, by Market (in Billion U.S. Dollars)." Statista, Statista Inc., 5 Mar 2021, https://www.statista.com/statistics/1071568/united-states-luxury-tourism-revenue-origin/
Statista, Luxury tourism revenue in the United States from 2019 to 2024, by market (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1071568/united-states-luxury-tourism-revenue-origin/ (last visited November 21, 2024)
Luxury tourism revenue in the United States from 2019 to 2024, by market (in billion U.S. dollars) [Graph], Statista, March 5, 2021. [Online]. Available: https://www.statista.com/statistics/1071568/united-states-luxury-tourism-revenue-origin/