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India: luxury tourism revenue 2019-2024, by market

Published by Ana M. López, Mar 10, 2021
In 2020, domestic luxury tourism in India was estimated to have generated only half of the revenue it did in 2019, while its international luxury tourism sector was anticipated to have lost one billion U.S. dollars worth of revenue compared to the year prior according to a Statista study on the topic. This strong drop in luxury tourism revenue expected for India is associated with the COVID-19 pandemic. Nonetheless, it has been forecasted that the Asian country's luxury tourism sectors will recover by 2022 and even generate revenues surpassing their pre-pandemic numbers in the succeeding years.

Luxury tourism revenue in India from 2019 to 2024, by market (in billion U.S. dollars)

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Source

Release date

March 2021

Region

India

Survey time period

2019 and 2020

Special properties

Forecast

Supplementary notes

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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