China: luxury tourism revenue 2019-2024, by market

China’s international luxury tourism was anticipated to have experienced a decline in revenue of approximately 67 percent by the end of 2020, according to a Statista study published on the topic in March of 2021. This Chinese tourism segment, however, has been expected to bounce almost entirely back in 2023 and 2024, where it is forecasted to climb to 41 billion U.S. dollars. On the other hand, domestic luxury tourism in the Asian country was less impacted by the COVID-19 pandemic. Namely, this segment of China's tourism was projected to have generated one billion U.S. dollars less in 2020 compared to 2019, but quickly thereafter begin bringing in growing revenues each consecutive year until at least 2024, when approximately 137 billion U.S. dollars in revenue could be generated.