Luxury tourism

Luxury tourism is forecast to outpace general tourism over the next five years, according to the latest DossierPlus by Statista report. In 2019, global tourism revenue amounted to US$5.9 trillion. The compound annual growth rate of tourism in general is 6.4%, while the luxury segment is expected to be fractionally higher, at 7.3%. With a global value of US$ 831 billion, luxury travel stands out as a prime revenue driver.