In 2020, the coronavirus (COVID-19) pandemic hit the tourism sector hard, as countries had to close borders and restrict travels in order to slow down the spread of the virus. As shown in the Statista study on Luxury travel and tourism in Europe amid the pandemic, the CAGR of internal luxury tourism in Germany was estimated to reach 2.3 percent between 2019 and 2020, whereas the CAGR between 2020 and 2024 was expected to be 35.8 percent.
Total internal luxury tourism revenue CAGR in trending European luxury travel destinations from 2019 to 2024
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CAGR 2019-2024
CAGR 2020-2024
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Statista. (March 29, 2021). Total internal luxury tourism revenue CAGR in trending European luxury travel destinations from 2019 to 2024 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1147953/internal-overall-and-luxury-tourism-revenue-cagr-in-european-destinations/
Statista. "Total internal luxury tourism revenue CAGR in trending European luxury travel destinations from 2019 to 2024." Chart. March 29, 2021. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1147953/internal-overall-and-luxury-tourism-revenue-cagr-in-european-destinations/
Statista. (2021). Total internal luxury tourism revenue CAGR in trending European luxury travel destinations from 2019 to 2024. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1147953/internal-overall-and-luxury-tourism-revenue-cagr-in-european-destinations/
Statista. "Total Internal Luxury Tourism Revenue Cagr in Trending European Luxury Travel Destinations from 2019 to 2024." Statista, Statista Inc., 29 Mar 2021, https://www.statista.com/statistics/1147953/internal-overall-and-luxury-tourism-revenue-cagr-in-european-destinations/
Statista, Total internal luxury tourism revenue CAGR in trending European luxury travel destinations from 2019 to 2024 Statista, https://www.statista.com/statistics/1147953/internal-overall-and-luxury-tourism-revenue-cagr-in-european-destinations/ (last visited August 24, 2024)
Total internal luxury tourism revenue CAGR in trending European luxury travel destinations from 2019 to 2024 [Graph], Statista, March 29, 2021. [Online]. Available: https://www.statista.com/statistics/1147953/internal-overall-and-luxury-tourism-revenue-cagr-in-european-destinations/