Internal luxury tourism revenue CAGR in European destinations 2019-2024

Published by Statista Research Department, Sep 7, 2023
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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Release date

March 2021

Region

Austria, France, Germany, Italy, Russia, Spain, Sweden, Switzerland, Turkey, United Kingdom

Survey time period

2019 to 2024

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