Global tourism revenue amounted to 5.9 trillion U.S. dollars (4.6 trillion British Pounds) in 2019 and is forecast to continue growing. While tourism in general is expected to increase with a compound annual growth rate of 6.4 percent in the next five years, luxury tourism is expected to grow at a faster pace with a CAGR of 7.3 percent. High-end tourism is a niche market designed to satisfy the lavish travel expectations of high net worth individuals. With a global value of 831 billion U.S. dollars, it stands out as a prime revenue driver. The most recent DossierPlus by Statista focuses on the economic relevance of the tourism industry with a special glance on global luxury tourism. The statistics reveal predominant trends, such as the most significant travel destinations per region an...
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