International and domestic luxury tourism in Morocco were each estimated to have generated only half as much revenue in 2020 as they had the year prior. The strong declines in luxury tourism revenue predicted for Morocco are associated to the global restrictions imposed on travel and tourism due to the COVID-19 pandemic. These estimates are based on a Statista study on this tourism segment. While the domestic sector is anticipated to see a quick recovery in annual revenues, the African country's international luxury tourism may take more than four years to bounce back to its pre-pandemic revenues.
Luxury tourism revenue in Morocco 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 Morocco from 2019 to 2024, by market (in billion U.S. dollars) [Graph]. In Statista. Retrieved June 30, 2022, from https://www.statista.com/statistics/1071629/morocco-luxury-tourism-revenue-origin/
Statista. "Luxury tourism revenue in Morocco from 2019 to 2024, by market (in billion U.S. dollars)." Chart. March 5, 2021. Statista. Accessed June 30, 2022. https://www.statista.com/statistics/1071629/morocco-luxury-tourism-revenue-origin/
Statista. (2021). Luxury tourism revenue in Morocco from 2019 to 2024, by market (in billion U.S. dollars). Statista. Statista Inc.. Accessed: June 30, 2022. https://www.statista.com/statistics/1071629/morocco-luxury-tourism-revenue-origin/
Statista. "Luxury Tourism Revenue in Morocco from 2019 to 2024, by Market (in Billion U.S. Dollars)." Statista, Statista Inc., 5 Mar 2021, https://www.statista.com/statistics/1071629/morocco-luxury-tourism-revenue-origin/
Statista, Luxury tourism revenue in Morocco from 2019 to 2024, by market (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1071629/morocco-luxury-tourism-revenue-origin/ (last visited June 30, 2022)
