A Statista study on luxury tourism projected that this segment in Mexico could have suffered a strong backslide due to the COVID-19 pandemic in 2020. That year, the revenue of domestic luxury tourism in the country was estimated to have dropped nearly 73 percent compared to 2019, while the international sector could have generated more than 83 percent less during that period. Moreover, while the latter sector's annual revenues are expected to surpass those from 2019 by 2023, Mexico's domestic luxury tourism may still be struggling in 2024 to reach the revenues registered prior to the pandemic.
Luxury tourism revenue in Mexico from 2019 to 2024, by market
(in billion U.S. dollars)
A country's luxury tourism revenue is defined as income generated by domestic and inbound international high-net-worth individuals (HNWIs) through the acquisition of consumer goods, services, and valuables for and during trips. HNWIs have net assets over one million U.S. dollars.
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Statista. (March 5, 2021). Luxury tourism revenue in Mexico from 2019 to 2024, by market (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 06, 2022, from https://www.statista.com/statistics/1071585/mexico-luxury-tourism-revenue-origin/
Statista. "Luxury tourism revenue in Mexico from 2019 to 2024, by market (in billion U.S. dollars)." Chart. March 5, 2021. Statista. Accessed July 06, 2022. https://www.statista.com/statistics/1071585/mexico-luxury-tourism-revenue-origin/
Statista. (2021). Luxury tourism revenue in Mexico from 2019 to 2024, by market (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 06, 2022. https://www.statista.com/statistics/1071585/mexico-luxury-tourism-revenue-origin/
Statista. "Luxury Tourism Revenue in Mexico from 2019 to 2024, by Market (in Billion U.S. Dollars)." Statista, Statista Inc., 5 Mar 2021, https://www.statista.com/statistics/1071585/mexico-luxury-tourism-revenue-origin/
Statista, Luxury tourism revenue in Mexico from 2019 to 2024, by market (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1071585/mexico-luxury-tourism-revenue-origin/ (last visited July 06, 2022)
