Germany: luxury tourism revenue 2019-2024, by market

In Germany, the revenue generated by domestic luxury tourism in 2020 was estimated to have amounted to 32 billion U.S. dollars, while the revenue from international luxury tourism could total to four billion dollars. This would have shown a decrease of over 63 percent in the country's revenue generated in domestic luxury tourism and an 80 percent loss for its international segment when compared to the previous year, according to a Statista study on luxury tourism amid COVID-19. Nonetheless, Germany is anticipated to experience a rapid recovery in its domestic luxury tourism segment, reaching around 95 billion U.S. dollars in revenue by 2023. By 2024, the European country's international luxury tourism revenue is additionally projected to bounce back to what it was in 2019.